Technical
Financial
Distress signals
Property profile

178 5th St Madras, OR 97741

OFF-MARKET
Commercial land
Property ID
US71-0253307
9,900 SF 0.14 ac lot Built 1945
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial property, located at 178 SW 5th St in Madras, Oregon, presents a significant investment opportunity. Boasting 19,716 square feet, it's one of the largest retail buildings in Madras, offering substantial space for a variety of uses. The asking price is $1,200,000, translating to $60.86 per square foot. The property is zoned Commercial (C2), providing flexibility for diverse business ventures. Its prime location on 5th Street/Highway 97 N ensures excellent visibility and accessibility, attracting significant foot and vehicle traffic. Ample on-site and off-site parking is available for customers and employees. The building's size and layout allow for the possibility of subdividing the space to accommodate multiple tenants or owner-users. This presents a unique redevelopment opportunity for investors seeking to maximize their return. The property's prominent location and substantial size make it an ideal choice for businesses seeking a strong presence in the thriving Madras market. Serious inquiries are encouraged.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1945
Total area 9,900 SF
Lot 0.14 ac (6,098 SF)
Zoning code C2
APN 111311-AA-06700
UPID US71-0253307

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Training Center
  • Financial Advisor Insurance Agency

Location

178 5th St Madras, OR 97741-1401
Madras metro Census 960305
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$480k

Owner & transaction history

since 2020
Last sale
$400,000
3 recorded transactions
2020
$400,000
2016
Price N/A
2005
$500,000

Zoning & alternative use

C2 · Madras, OR
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

General category CIVIC_INSTITUTIONAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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