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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Commercial real estate
125 C St Madras, OR 97741-1458
Individually Owned
~
Est. High Equity
Property ID
US71-1106409
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1997
Total area
3,712 SF
Lot
0.32 ac (13,939 SF)
Zoning code
C2
APN
111311-AA-06100
UPID
US71-1106409
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$805k
Comparable Approach
Comparable
$723k
Blend (final)
Blend
$750k
Owner & transaction history
Mike W Ray
Mike W Ray
since 2026
3 recorded transactions
Zoning & alternative use
C2 · Madras, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the C2 district is to provide areas for the Eating and drinking establishments, Entertainment uses, Governmental uses, Retail trade and services, Office uses
Zone name
Downtown Commercial
General category
CIVIC_INSTITUTIONAL
Zone area
80.90 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Madras submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Madras submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$870,000
6.5%
$805,000
7%
$750,000
Blend value · Realmo final
$750k
Range $675k – $825k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$202 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$8,550
Tax year 2023
Assessed value
$426,152
Assessed 2023
Previous assessed
$406,790
+4.8% YoY
Effective rate
2.01%
On assessed value
Land market value
$113,630
Improvement market value
$499,670
Total market value
$613,300
Applied tax rate
15.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1997
Heating
NONE
Total area
3,712 SF
Lot
0.32 ac (13,939 SF)
Zoning code
C2
APN
111311-AA-06100
UPID
US71-1106409
Jurisdiction
JEFFERSON
Zoning & alternative use
C2 · Madras, ORZoning C2 · permitted uses
C2 · Madras, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the C2 district is to provide areas for the Eating and drinking establishments, Entertainment uses, Governmental uses, Retail trade and services, Office uses
Zone name
Downtown Commercial
General category
CIVIC_INSTITUTIONAL
Zone area
80.90 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1997
Heating
NONE
Lot
0.32 ac
Current owner
From public records · entity-resolved
Mike W Ray
Individual
Mailing address
681 SE TURNER ST, MADRAS, OR 97741-1560
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2026
—
Mike W Ray
Big Sky Investments LLC
Bargain & Sale Deed
—
Jun 30, 2023
$410,000
Big Sky Investments LLC
Ps Leromaho LLC
Warranty Deed
$351,000 · Richard C Dodson Etux
Jan 28, 2009
—
Ps Leromaho LLC
Hdy Enterprises LLC
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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