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    35 NW Cherry Ln Madras, OR 97741

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    For Lease
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    New industrial spaces with loading docks and office space available.

    Type:Industrial
    Property size:
    12,000 SF
    Added:
    Apr 30, 2024
    Days on Market:
    717
    Last Refresh:
    Mar 17 at 1:21 pm

    Property Features for 35 NW Cherry Ln

    General Information

    Standard status
    Active
    Size
    12,000 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    2024

    Spaces For Lease

    at 35 NW Cherry Ln Contact us

    Unit #102 $0.65 /Mo

    Size
    3,075 SF
    Type
    Industrial
    New Industrial Space Madras Oregon - 3,075 sq. ft. Available. Loading Dock (s), Small...
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    Contact us

    We can help!

    Listing Contact
    Richard (Rick) Allen

    Listing agent Richard (Rick) Allen License #OR 200604216

    Listing office Willow Canyon Group

    Listing date Apr 30, 2024

    Source Crexi

    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

    Overview

    New Industrial Space in Madras

    New industrial spaces are available for rent in Madras, Oregon, ranging from 2,546 to 12,000 square feet. These spaces feature loading docks, small office areas, ADA-compliant restrooms, and 12' x 14' roll-up doors. Additional outside storage space is available with roll-up doors. The property is located along US Hwy 26, offering a visible location with easy access. It is adjacent to the Madras Industrial Park, home to Bright Wood Corporation, Erickson Aero Tanker Base, Daimler Trucks North America, and Foster Manufacturing. The new building is fully fire-sprinklered and equipped with natural gas and Pacific Power.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Restaurant Building Supply Big Box & Wholesale Store Gym & Fitness Center Hotel & Motel Department Store Auto Repair Shop Bar & Pub (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Madras
    County
    Jefferson
    State
    Oregon
    Longitude
    -121.134423
    Latitude
    44.664066

    Nearby Similar for Lease

    • Contact for pricing

      Retail Space in Madras, Oregon

      Retail space available for lease in Madras, Oregon.
      40 NW 4th St, Madras, OR
      View Details
    • Contact for pricing

      Downtown Madras Office Suite Available

      Office suite with private restroom in visible downtown Madras location.
      242 SW 4th St, Madras, OR 97741
      View Details

    FAQs

    What type of property is this?
    Flex space - New industrial spaces with loading docks and office space available.
    Where is this flex space located?
    The property is located at 35 NW Cherry Ln Madras, OR.
    What are key features of this property?
    This property features: Visible location along US Hwy 26 with easy access.; **New construction (2024) with fully fire‑sprinkled building.**; **Loading dock(s) and 12' x 14' roll‑up doors.**
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Richard (Rick) Allen
    Real Estate License ID: OR 200604216
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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