646 SW Palmain Place, Madras, OR 97741 | MLS #220222112

Listing provided courtesy of Coldwell Banker Commercial RealtyMLS# 220222112

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.

Source: Oregon Datashare, MLS#: 220222112

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Property Type

Commercial Sale
Lot

0.14 acres

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Median Age

40
Population Density

36
College Educated

32%
Estimated Median Income

$52,400
Estimated Total Home Owners

2,586
Estimated Total Renters

1,844
Owner / Renter Divide

58% / 42%
Estimated Average Household Size

3
Total Population

12,791
Community data courtesy of LiveBy, Inc.

Owning this Home

Estimated Monthly Cost

Price

Down Payment

$ %

Loan Length (years)

Interest Rate

* 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.

Life at 646 SW Palmain Place

Schools

School data courtesy of LiveBy, Inc.

Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

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