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Property profile & analytics
OFF-MARKET
Commercial real estate

270 Madison St Madras, OR 97741-1327

1,980 SF 0.35 ac lot Built 1980
Entity Owned Absentee Owner Free & Clear
Property ID
US71-1122874
Property summary
AI-generated overview

This exceptional 2,344 square foot commercial property, situated on a 0.35-acre lot in Madras, Oregon, presents a unique investment opportunity. Conveniently located near downtown Madras, this property boasts a well-maintained, separate office building, perfect for a variety of business uses. Previously utilized as an auto repair shop, the property retains a certified tow yard, providing secure and convenient parking with gated access. The substantial building offers ample space for various commercial endeavors, allowing for customization and adaptation to suit diverse business needs. Its prime location offers excellent visibility and accessibility, ensuring high traffic and potential for growth. The combination of a functional building, secure parking, and a desirable location makes this property an attractive proposition for entrepreneurs and investors seeking a strong foothold in the thriving Madras market. The property's existing infrastructure, including the tow yard and office space, provides a solid foundation for immediate occupancy and operation, minimizing initial setup costs and maximizing return on investment. This is a rare opportunity to acquire a versatile commercial property in a highly sought-after location.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1980
Total area 1,980 SF
Lot 0.35 ac (15,246 SF)
Zoning code C1
APN 111311-AC-01305
UPID US71-1122874
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
CASCADE ENERGY LLC
CASCADE ENERGY LLC
Zoning & alternative use
C1 · Madras, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The purpose of the C1 district is to provide areas for the Eating and drinking establishments, Entertainment uses, Governmental uses, Retail trade and services

Zone name Corridor Commercial
General category CIVIC_INSTITUTIONAL
Zone area 209.71 ac
Source Realmo
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