Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1505 Madison St, Unit 76 Klamath Falls, OR 97603-4076
    Back to Search
    Property profile & analytics

    1505 Madison St, Unit 76, Klamath Falls, OR 97603-4076

    View on Map
    • Mobile home & RV parks
    • 1,782 SF
    • 5.93 lot acres
    Off-Market
    Property ID
    US71-1010149
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Madison Village / Campground & RV Park

    Property Details for 1505 Madison St

    Year built
    1986
    Lot size
    5.93 lot acres
    Zone code
    RS
    Property type
    Mobile home & RV parks
    Property subtype
    Campgrounds
    APN
    R-3809-036CC-02500-000
    APU
    R3809036CC02500000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 27, 2005 — Madison Village LLC Goergen,richard L & Bethna Warranty Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Klamath Falls
    County
    Klamath
    State
    Oregon
    Longitude
    -121.717
    Latitude
    42.2169
    CBSA code
    28900
    CBSA name
    KLAMATH FALLS, OR MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $15,428
    $0.00
    $0.00
    $1,346,700
    -
    $138,880
    $2,307,370
    $2,446,250

    Comparable in this City

    • Value Estimation by Request
      7.34 Acres

      3950 Homedale Rd, Unit 17

      CAMPGROUND, RV PARK
      3950 Homedale Rd, Klamath Falls, OR 97603-7568
      View Details
    • Value Estimation by Request
      0.37 Acres

      5001 Miller Ave Spc, Unit 4

      CAMPGROUND, RV PARK
      5001 Miller Ave Spc, Klamath Falls, OR 97603-5064
      View Details
    • Value Estimation by Request
      1,404 SF

      4230 6th St, Unit 22

      CAMPGROUND, RV PARK
      4230 6th St, Klamath Falls, OR 97603-4869
      View Details
    • Value Estimation by Request
      840 SF

      3333 Anderson Ave, Unit 36

      CAMPGROUND, RV PARK
      3333 Anderson Ave, Klamath Falls, OR 97603-7876
      View Details
    • Value Estimation by Request
      500 SF

      3943 Hwy 39

      CAMPGROUND, RV PARK
      3943 Hwy 39, Klamath Falls, OR 97603-9656
      View Details
    • Value Estimation by Request
      1.47 Acres

      5861 6th St, Unit 12

      CAMPGROUND, RV PARK
      5861 6th St, Klamath Falls, OR 97603-4057
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Shasta Glen Manufactured Housing Community

      13.66-acre manufactured housing community in Klamath Falls, Oregon.
      4647 Winter Ave, Klamath Falls, OR 97603
      View Details
    • $299,900
      2,100 SF

      Klamath Falls Multi-Family Opportunity

      Two houses on a corner lot with income potential.
      2404 Gettle St, Klamath Falls, OR 97603
      View Details
    • New
      $410,000
      2,658 SF

      Klamath Falls Investment Property

      Well-maintained duplex in Moyina Heights with city and mountain views.
      1752 Kimberly Dr, Klamath Falls, OR 97603
      View Details
    • $359,000
      1,220 SF

      Klamath Falls Income Property

      Income-producing property with two homes on a spacious lot.
      2539 Kane St, Klamath Falls, OR 97603
      View Details
    • $85,000
      1.01 Acres

      Klamath Falls Acreage for Home

      One acre lot near town with shared well and septic approval.
      Vale Rd, Klamath Falls, OR 97603
      View Details
    • $450,000
      7,025 SF

      Klamath Falls Commercial Building

      Two-story commercial building on a busy corner in Klamath Falls.
      3004 Altamont Dr, Klamath Falls, OR 97603
      View Details

    Similar Nearby for Lease

    • $1.00 SF/Yr
      1,324 SF

      Klamath Falls Commercial Lease Space

      Commercial lease space with high traffic flow and ample parking.
      1891 Avalon St, Klamath Falls, OR 97603
      View Details
    • Contact for pricing
      21,256 SF

      Retail Space in Klamath Falls

      21,256 SF retail space in prime location for rent.
      1851-1877 Avalon St, Klamath Falls, OR 97603
      View Details
    • $1.00 SF/Yr
      6,050 SF

      Versatile Commercial Space on Washburn

      Mix of office, retail, and shop space on Washburn Way.
      3344 Washburn Way, Klamath Falls, OR 97603
      View Details
    • $1.00 SF/Yr
      17,000 SF

      Klamath Falls Geothermal Office Space

      17,000 sq ft office space with co-working environment.
      2701 Foothills Blvd, Klamath Falls, OR 97603
      View Details
    • Contact for pricing

      Office Space on S 6th

      Office space with reception, offices, kitchenette, and open area.
      4036 S 6Th St, Klamath Falls, OR 97603
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1505 Madison St, Unit 76
    Klamath Falls, OR 97603-4076
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1505 Madison St, Klamath Falls, OR, 97603
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!