Listed by: Bill M. Pon · Coldwell Banker Commercial Realty
- — beds
- 0 baths
- — sqft
646 SW Palmain Place, Madras, OR 97741
- Single familyHome type
- Built in 1955Year built
- 6,098 sqftLot
- NoneHOA
About this home
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.
Facts & features
Interior
- Bathrooms
- 0
- Levels
- One
Heating & cooling
- Other
- Central Air
Flooring
- Concrete
Property
- Lot size
- 6,098 sqft
View
- City
Parking
- On Street
- Parking Lot
Construction
- Home type
- Single family
- Property type
- Commercial Sale
- Year built
- 1955
Materials
- Block
- Concrete
- Frame
- Membrane roof
Utilities
Sewer & water
- Public Sewer
- Public water
Community & HOA
- HOA dues
- None
- County
- Jefferson
Financial & listing details
- List price
- $1,200,000
- Annual property tax
- $3,991
- Date on market
- May 26, 2026
- Days on market
- 129
- MLS#
- 220222112
Price & status history
| Date | Event | Price |
|---|---|---|
| May 26, 2026 | Listed for sale | $1,200,000 |
Neighborhood
- CityMadras, OR 97741
- CountyJefferson
Payment calculator
Estimated monthly payment
$6,651/mo
- Principal & interest$6,068
- Property taxes$333
- Homeowners insurance$250
- HOA dues$0
Loan amount $960,000 · 30-year fixed at 6.5%
An estimate for planning, not a loan offer. The 6.5% rate is an example; ask a lender for today’s rate. Taxes use the listing’s annual tax amount. Insurance is estimated; mortgage insurance is not included.
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Listing provided by Coldwell Banker Commercial Realty · Listing agent: Bill M. Pon
- Source
- MLS of Central Oregon
- MLS#
- 220222112
- Last updated
- Jun 1, 2026 at 3:26 PM
Listing information is deemed reliable but not guaranteed and should be independently verified. Listings shown are for demonstration while our MLS of Central Oregon IDX feed is being set up.