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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Commercial real estate
35 6th St Madras, OR 97741-1703
Individually Owned
2-yr Hold
Free & Clear
Property ID
US71-1103286
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1950
Total area
4,896 SF
Lot
0.92 ac (40,075 SF)
Zoning code
C2
APN
111312-BB-01100
UPID
US71-1103286
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
$665k
Blend (final)
Blend
$520k
Owner & transaction history
Central Oregon Community College · 2 yrs held
Central Oregon Community College
since 2023
Last sale
$375,000
2 recorded transactions
Zoning & alternative use
C2 · Madras, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Zone name
Downtown Commercial
General category
CIVIC_INSTITUTIONAL
Zone area
80.90 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Madras submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Madras submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$520k
Range $468k – $572k · ±10% · vs last sale $375k (Apr 19 2024)
Last sale anchor
$375k
Apr 19 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$106 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$6,324
Tax year 2023
Assessed value
$315,180
Assessed 2023
Previous assessed
$306,000
+3.0% YoY
Effective rate
2.01%
On assessed value
Land market value
$290,060
Improvement market value
$414,000
Total market value
$704,060
Applied tax rate
15.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1950
Heating
NONE
Total area
4,896 SF
Lot
0.92 ac (40,075 SF)
Zoning code
C2
APN
111312-BB-01100
UPID
US71-1103286
Jurisdiction
JEFFERSON
Zoning & alternative use
C2 · Madras, ORZoning C2 · permitted uses
C2 · Madras, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
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
Zone name
Downtown Commercial
General category
CIVIC_INSTITUTIONAL
Zone area
80.90 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1950
Heating
NONE
Lot
0.92 ac
Current owner
From public records · entity-resolved
Central Oregon Community College
Individual
Free & Clear · 2 yrs held
Mailing address
2600 NW COLLEGE WAY, BEND, OR 97703-5933
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2023
—
Central Oregon Community College
Adelbert LLC
Bargain And Sale Deed
—
Feb 21, 2006
$454,575
Adelbert LLC
The Miller Lumber Co
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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