Single-Tenant NNN
For Sale
$750,000
116 SE D Street, Madras, OR 97741
Leased to BestCare Treatment Centers, the property includes central air and heat pump systems.
Property Size3,992 SF
Price / SF$187.88
Days on Market348
Property Features for 116 SE D Street
General Information
Standard status
Active
Size
3,992 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$8,025
Amenities
Central Air, Heat Pump
3
Laminate
Carbon Monoxide Detector
Tile
Corner Lot.
Asphalt.
0.23000000417232513
Corner, Paved Road.
Building Details
Year Built
1979
Year Renovated
2021
Stories
1
Tenancy
Single
Owner Occupied
No
Listing Agency:
(541) 325-2027
Listed By:
Aligned Commercial Real Estate
(541) 325-2027
Source:
Xome
Added: Sep 18, 2025
Changed: Aug 31
Last Checked: Aug 31 at 1:59PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Aligned Commercial Real Estate
Investment Insights
Based on property information with market context.
Located at 116 SE D Street in Madras, this 3,992-square-foot commercial property was constructed in 1979 and is configured for a single occupant. The building includes central air, a heat pump, laminate flooring, and a carbon monoxide detector. Significant improvements were completed in 2021 to support use by a mental health practitioner.
The property is currently leased to BestCare Treatment Centers, a nonprofit organization established in 1979 through collaboration among local hospitals, city and county governments, and regional mental health practitioners. BestCare operates multiple locations throughout central and southern Oregon and provides services addressing substance abuse and related challenges.
The site encompasses 0.23000000417232513 acres and occupies a corner lot along a paved road. Exterior features include asphalt and tile elements.
The property is currently leased to BestCare Treatment Centers, a nonprofit organization established in 1979 through collaboration among local hospitals, city and county governments, and regional mental health practitioners. BestCare operates multiple locations throughout central and southern Oregon and provides services addressing substance abuse and related challenges.
The site encompasses 0.23000000417232513 acres and occupies a corner lot along a paved road. Exterior features include asphalt and tile elements.
Key Highlights
- 3,992‑square‑foot building constructed in 1979
- Leased to BestCare Treatment Centers
- Significant improvements completed in 2021
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$60,072
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,201,440
$1.2M
Cap Rate 7%
$858,171
$858.2K
Cap Rate 9%
$667,467
$667.5K
Market Conditions
NOI Build-Up for 3,992 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$105.4K $26.40/SF
− Vacancy
−$5.3K −$1.32/SF
EGI
$100.1K $25.08/SF
− OpEx
−$40.0K −$10.03/SF
NOI
$60.1K $15.05/SF
Area
Jefferson County, OR
Vacancy
5.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,201,440
Cap Rate 7%
$858,171
Cap Rate 9%
$667,467
Alternative Uses
Best Use
Healthcare Medical
$858.2K
$750.9K – $1.00M
NOI $60,072 @ 7.0% cap · market cap 8.01%
Second Best
Office B
$819.0K
$716.6K – $955.5K
NOI $57,327 @ 7.0% cap · market cap 7.64%
Theoretical Best
Specialty Retail
$1.72M
$1.51M – $2.01M
NOI $120,718 @ 7.0% cap · market cap 16.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
653
Businesses Nearby
Explore this area
Business Placement
Demographics for 97741, OR
13,753
Population
4,777
Households
2.9
Avg Household Size
39
Median Age
21%
College-Educated
86%
High-School Grad
363.9 sq mi
ZIP Area
38
Density / Sq Mi
$69,696
Median Household Income
$37,641
Median Earnings
$993
Median Rent
$308,900
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Leased to BestCare Treatment Centers, the property includes central air and heat pump systems.
Where is this nnn property located?
The property is located at 116 SE D Street Madras, OR.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3,992‑square‑foot building constructed in 1979; Leased to BestCare Treatment Centers; Significant improvements completed in 2021
