646 SW Palmain Place, Madras, OR 97741 | MLS #220222112 | Berkshire Hathaway HomeServices Northwest Real Estate

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Listing provided courtesy of Coldwell Banker Commercial Realty- MLS# 220222112MLS Provider

646 SW Palmain PlaceMadras, OR 97741

Commercial · 4,340 Sq. ft. | 0.14 Acres
$1,200,000 Active

646 SW Palmain Place Overview

Time on Site:
34 days
Visits:
6

Single Tenant. Absolute net lease with a 6.5% Cap Rate. Established Auto Parts tenant with great frontage and signage on 5th street in Madras. Adjacent .35 Acre lot also included in sale (TL 111311DA08700), total land .49 Acres.

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646 SW Palmain Place Facts & Features

  • Type Commercial
  • Sq. ft. 4,340
  • Price/Sq.ft. $276
  • Lot 0.14 Acres

Details

General

Income/Expenses

  • Net Operating Income: 78000.0

Building Information

  • New Construction: false
  • Year Built: 1955

Location/Region

  • County Or Parish: Jefferson

Rent/Lease Information

  • Tenant Pays: Common Area Maintenance,Electricity,Exterior Maintenance,Gas,Insurance,Interior Maintenance,Janitorial Service,Repairs,Sewer,Taxes,Water

Tax Information

  • Tax Annual Amount: 3990.79
  • Tax Year: 2025

General Information

  • Listing Terms: Cash,Owner Will Carry
  • Parcel Number: 9695
  • Property Type: Commercial Sale
  • Special Listing Conditions: Standard

Interior

Beds/Baths

  • Bathrooms Total: 0

Building Interior

  • Building Area Source: Assessor
  • Building Area Total: 4340.0

General Information

  • Basement: None
  • Common Walls: 1 Common Wall
  • Flooring: Concrete
  • Foundation Details: Slab
  • Levels: One

Exterior

Parking Information

  • Parking Features: On Street,Parking Lot

Lot Information

  • Additional Parcels Description: Tax Lot 111311DA08700 (.35 Acre)
  • Additional Parcels: true
  • Lot Features: Level
  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Size Square Feet: 6098.4
  • Lot Size Units: Acres
  • Water Source: Public

Waterfront/View

  • View: City

Building Exterior/Construction

  • Attached Garage: false
  • Construction Materials: Block,Concrete,Frame
  • Roof: Membrane

General Information

  • Number Of Units Total: 1
  • Road Frontage Type: Shared Access
  • Sewer: Public Sewer

646 SW Palmain Place Neighborhood

Community

97741 (Madras) Demographics

40
Median Age
36
Population Density (per sq. mile)
32%
College Educated
$52,400
Estimated Median Income
2,586
Estimated Total Home Owners
1,844
Estimated Total Renters
58% / 42%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

646 SW Palmain Place Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

646 SW Palmain Place Market Data

Based on the last 30 days in this zip code

$464,993
Average List Price
$257
Average Price per Square Foot
19
Properties Sold
114
Average Days on Market
175
Properties for Sale
Calculations provided by Reliance Network

646 SW Palmain Place History

Date Event Value Agent
5/26/2026Source: Oregon Datashare Added to Database
May 26, 2026