Office Suite with Private
New
For Sale
Contact for pricing
242 SW 4th Street E, Madras, OR 97741
Street-level office space offers ADA access, air conditioning, and dedicated off-street parking.
Property Size800 SF
Price / SF$0.94
Days on Market2
Property Features for 242 SW 4th Street E
General Information
Standard status
Active
Size
800 SF
Additional Details
Floor
Street Level
Office Units
1
Tenant in Place
Yes
Property Use
Office
Building Details
Tenancy
Multi
Listing Agency:
Willow Canyon Group
Listed By:
Richard Allen · License #200604216
(541) 475-2220
Source:
Evimerorealty
Added: Oct 23
Last Checked: Oct 23 at 4:38PM
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 Willow Canyon Group
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Investment Insights
Based on property information with market context.
This office suite provides nearly 800 square feet of workspace, including three private offices, a conference room, an IT room, and a private restroom. The street-level space has ADA access and air conditioning, with electricity and natural gas serving the suite. General retail use is not permitted.
The property is in downtown Madras, across from Black Bear Diner. Off-street parking is available.
The property is in downtown Madras, across from Black Bear Diner. Off-street parking is available.
Key Highlights
- Nearly 800 square feet with three private offices
- Conference room, IT room, and private restroom
- Street‑level suite with ADA access and air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,488
Suggested Prices Based on Cap Rates
Cap Rate 5%
$229,760
$229.8K
Cap Rate 7%
$164,114
$164.1K
Cap Rate 9%
$127,644
$127.6K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$16.3K $20.40/SF
− Vacancy
−$1.0K −$1.25/SF
EGI
$15.3K $19.15/SF
− OpEx
−$3.8K −$4.79/SF
NOI
$11.5K $14.36/SF
Area
Jefferson County, OR
Vacancy
6.14%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$229,760
Cap Rate 7%
$164,114
Cap Rate 9%
$127,644
Alternative Uses
Best Use
Healthcare Medical
$172.0K
$150.5K – $200.6K
NOI $12,038 @ 7.0% cap · market cap 1,605.07%
Second Best
Office B
$164.1K
$143.6K – $191.5K
NOI $11,488 @ 7.0% cap · market cap 1,531.73%
Theoretical Best
Specialty Retail
$345.6K
$302.4K – $403.2K
NOI $24,192 @ 7.0% cap · market cap 3,225.60%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
639
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Street-level office space offers ADA access, air conditioning, and dedicated off-street parking.
Where is this office unit located?
The property is located at 242 SW 4th Street E Madras, OR.
What are key features of this property?
This property features: Nearly 800 square feet with three private offices; Conference room, IT room, and private restroom; Street‑level suite with ADA access and air conditioning
