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Property profile

1456 SW Olive St Madras, OR 97741

FOR SALE
Commercial land
Property ID
US71-1263793
3 ac lot
Last sale Nov 2020 · $220,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A self-storage facility in Madras, Oregon, sited on approximately 3 acres and containing about 51,675 square feet under roof. The property is configured with 290 storage units and includes controlled access via a keypad entry automated gate. Site improvements include privacy fencing, ADA-compliant parking, exterior security lighting, and hardscape work such as curbs, sidewalks, and a paved street. The facility is set up for self-serve tenant operations with an on-site tenant signup system and WiFi connectivity, and it is located within the MUE zoning district.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$945
Tax billed · 2023
Assessed value$47k
Effective rate2.01%

Value estimate

· Oct 2026
$220k
$198k – $242k
NOI build-up
Gross scheduled income$744k
Vacancy & credit loss−$60k
Operating expenses−$205k
NOI · 9.78% cap applied$479k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$114/SF
ZIP average, outlier-cleaned · 38 recorded sales of this use type
Observed band · Q1–Q3$58 – $195

Cap rate analysis

How does the asset earn?
9.78%
$479k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
MUE
The purpose of the Mixed-Use Employment Zone is to provide land for the development of a variety of employment uses, including business a...
General categoryMIXED_USE
JurisdictionJEFFERSON

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm11.5
Parking Facility10.0
Building Supply9.8

Location

1456 SW Olive St Madras, OR 97741
County assessor Recorded deeds · not on file Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
Madras, OR 97741 $275,000 Mar 2025 No data
Madras, OR 97741 $395,000 Feb 2025 No data
Madras, OR 97741 $1,700,000 Jan 2025 No data
331 4th, Madras, OR 97741-1300 $155,000 Oct 2024 No data
738 4th, Madras, OR 97741-1147 $1,032,494 Jun 2024 No data
742 4th, Madras, OR 97741-1147 $1,032,494 Jun 2024 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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