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    OFF-MARKET
    Commercial land

    178 5th St, Madras, OR 97741-1401

    9,900 SF 0.14 ac lot Built 1945
    Entity Owned 5-yr Hold ~ Est. High Equity
    Property ID
    US71-0253307
    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
    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
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Bruun Property Redevelopment Group · 5 yrs held
    Bruun Property Redevelopment Group
    since 2020
    Last sale
    $400,000
    3 recorded transactions
    2020
    $400,000
    2016
    2005
    $500,000
    Zoning & alternative use
    C2 · Madras, OR
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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