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    Property profile & analytics

    998 Brown Dr Madras, OR 97741

    • Commercial real estate
    • 6.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0343751
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 998 Brown Dr

    Lot size
    6.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 6.1-acre property in Madras, Oregon, boasts breathtaking views of Mount Jefferson. The two-story home features three spacious bedrooms and two bathrooms, plus a versatile bonus room above the garage. An open floor plan seamlessly blends modern conveniences with country charm, highlighted by large windows and a functional kitchen. The property includes a fully fenced area, perfect for horses and livestock, complete with an outdoor arena, hay storage, a tack room, and shelters. Enjoy the tranquility of rural living while still having ample space for entertaining. The property is offered as a whole for $925,000. Alternatively, the 5.1-acre main parcel with the home is available for $750,000, and the remaining 0.99 acres can be purchased separately for $199,000. Please note that all solar panels are excluded from the sale, and the offer is contingent upon the seller securing a replacement home. Located at 998 NE Brown Drive, Madras, OR 97741.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Madras
    County
    Jefferson
    State
    Oregon
    Longitude
    -121.10472
    Latitude
    44.64884

    Comparable in this City

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      New Duplex in Madras, Oregon

      New construction duplex in Madras, Oregon with mountain and valley views.
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    • $349,000
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      Detached Duplex with Income Potential

      Unique duplex in Madras, OR, ideal for investment or living.
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    • $1,100,000
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      Pivot-Irrigated Farm with Mountain Views

      35-acre farm with updated home and outbuildings near town.
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    • New
      $595,900
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      New Duplex in Madras, Oregon

      New construction duplex in Madras, Oregon with mountain and valley views.
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    • $599,000
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      Well-Maintained Duplex with Sunset Views

      Investment opportunity: duplex with mountain views, updated finishes, fenced yard.
      76 SE Hoff Ln, Madras, OR 97741
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    Similar Nearby for Sale

    • New
      $545,900
      0.17 Acres

      New Duplex in Madras, Oregon

      New construction duplex in Madras, Oregon with mountain and valley views.
      925 SE Starview Ave, Madras, OR 97741
      View Details
    • New
      $549,900
      0.21 Acres

      New Duplex in Madras, Oregon

      New construction duplex in Madras, Oregon with mountain and valley views.
      891 SE Starview Ave, Madras, OR 97741
      View Details
    • $349,000
      0.20 Acres

      Detached Duplex with Income Potential

      Unique duplex in Madras, OR, ideal for investment or living.
      397 SE 6Th St, Madras, OR 97741
      View Details
    • $1,100,000
      2,996 SF

      Pivot-Irrigated Farm with Mountain Views

      35-acre farm with updated home and outbuildings near town.
      547 SW Bear Dr, Madras, OR 97741
      View Details
    • New
      $595,900
      0.17 Acres

      New Duplex in Madras, Oregon

      New construction duplex in Madras, Oregon with mountain and valley views.
      918 SE Starview Ave, Madras, OR 97741
      View Details
    • $599,000
      0.30 Acres

      Well-Maintained Duplex with Sunset Views

      Investment opportunity: duplex with mountain views, updated finishes, fenced yard.
      76 SE Hoff Ln, Madras, OR 97741
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Metolius Office

      Office Space
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      Madras Retail Space Available

      High-traffic retail space, Oregon.
      35 A St, Madras, OR 97741
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      2,500 SF

      Retail Space in Madras, Oregon

      Retail space available for lease in Madras, Oregon.
      40 NW 4Th St, Madras, OR 97741
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    • $10 SF/Yr
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      Eagle Ridge Business Park Units

      Madras, OR Industrial Space Available
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    • $0.29 SF/Yr
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      Industrial Space in Madras Park

      13,200 SF industrial space with overhead doors for lease.
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    998 Brown Dr
    Madras, OR 97741
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    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
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