Recently Viewed Properties
See This Home
Save This Listing
Close

View All Photos

$1,200,000 Just Listed

  • For Sale
  • Active
  • Commercial
  • Updated 1 day ago
See This Home
Save This Home
See This Home
Save 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.

Full Property Details for 646 SW Palmain Pl

General

  • Price: $1,200,000
  • Taxes: $3,990 (2025)
  • Status: Active
  • Type: Commercial
  • Source: ODS
  • MLS ID: 220222112
  • Updated: 5/26/2026
  • Added to Site: 2 day(s) ago

Interior

  • Flooring: Concrete

Parking

  • Parking Features: On Street, Parking Lot

Location

  • Area: 4340
  • County: Jefferson
  • Cross Streets: 5th Street
  • Driving Directions: North from Bend towards Madras then North on 5th, property will be on your left.

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Other

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Block, Concrete, Frame
  • Basement Desc.: None
  • Foundation: Slab
  • Roof: Membrane
  • Common Walls: 1 Common Wall
  • Stories/Levels: 1
  • Square Feet: 4,340
  • Sq. Ft. Source: Assessor
  • Year Built: 1955

Lot Features

  • Property View: City
  • Lot Size (Acres): 0.14
  • Lot Size (Sq. Ft.): 6,098
  • Frontage: Shared Access
  • Lot Features: Level
  • Zoning: C3

Financial Considerations

  • Price Per Sq. Ft.: $276.5
  • Tax Amount: $3,990.79
  • Tax Year: 2025
  • Terms: Cash, Owner Will Carry
  • Tenant Pays: Common Area Maintenance, Electricity, Exterior Maintenance, Gas, Insurance, Interior Maintenance, Janitorial Service, Repairs, Sewer, Taxes, Water

Disclosures and Reports

  • Special Conditions: Standard
  • Multiple Parcels: Yes
  • APN: 9695
  • Section: Not Applicable
  • Block: 13
Buyer's Brokerage Compensation: 2.5%
Not binding unless confirmed by separate agreement among applicable parties.

Quickly Find Out More

* Indicates a required field

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Send Message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby’s International Realty®). I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

We Value Your Privacy

Meet the listing agent

Meet the listing agent
— 646 SW Palmain Pl —

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Get a Great Insurance Rate

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Price & Sales History for 646 SW Palmain Pl Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/26/2026
Listed
$1,200,000
328.57%
MLS
10/03/2007
Sold
$280,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 646 SW Palmain Pl

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,991
2%
$194,260
3%
2024
$3,922
7%
$188,610
3%
2023
$3,674
1%
$183,120
3%
2022
$3,620
4%
$177,790
3%
2021
$3,466
2%
$172,620
3%
2020
$3,394
4%
$167,600
3%
2019
$3,274
3%
$162,720
3%
2018
$3,171
4%
$157,990
3%
2017
$3,054
3%
$153,390
3%
2016
$2,952
—
$148,930
3%
2016
$2,952
—
$144,600
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 646 SW Palmain Pl

$
Down Payment
%
$
%

$
$

*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Just Listed near 646 SW Palmain Pl

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

653 Liberty Dr, Metolius, OR 97741 - Photo 1 Just Listed
$349,900

653 Liberty Dr  Metolius, OR 97741

  • Single Family
  • Active
  • Updated 21 hours ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,529
    Sq. Ft.
Listed by Burkley Realty LLC, Micah Luke Burkley and Burkley Realty LLC, Tammy L. Burkley
508 SW 6th St, Metolius, OR 97741 - Photo 1 Just Listed
$339,900

508 SW 6th St  Metolius, OR 97741

  • Single Family
  • Active
  • Updated 2 days ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,230
    Sq. Ft.
Listed by Keller Williams Realty Central Oregon, Holly Cole
510 SW 6th St, Metolius, OR 97741 - Photo 1 Just Listed
$334,900

510 SW 6th St  Metolius, OR 97741

  • Single Family
  • Active
  • Updated 2 days ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,133
    Sq. Ft.
Listed by Keller Williams Realty Central Oregon, Holly Cole
13330 SW Airstrip Ln, Culver, OR 97734 - Photo 1 Just Listed
$275,000

13330 SW Airstrip Ln  Culver, OR 97734

  • Lots/Land
  • Active
  • Updated 5 days ago
  • 5
    Acres
Listed By: KRYSTAL. SPRAUER | Homesmart Realty Group

Price Reduced near 646 SW Palmain Pl

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

SW Drake Dr, Culver, OR 97734 - Photo 1 Price Reduced
-$5,000 (-2.86%)
$169,900

SW Drake Dr  #TL 208  Culver, OR 97734

  • Residential Lots
  • Active
  • Updated 2 days ago
  • 1.13
    Acres
Listed by Keller Williams Realty Central Oregon, Christy Symons
5478 SW Sagebrush, Culver, OR 97734 - Photo 1 Price Reduced
-$26,000 (-2.81%)
$899,000

5478 SW Sagebrush  Culver, OR 97734

  • Single Family
  • Active
  • Updated 6 days ago
  • 1
    Bed
  • 1
    Total Bath
  • 960
    Sq. Ft.
Listed by Real Broker, Erika Rose Stratton
5524 SW Boulder Ln, Culver, OR 97734 - Photo 1 Price Reduced
-$24,000 (-4.37%)
$525,000

5524 SW Boulder Ln  Culver, OR 97734

  • Single Family
  • Active
  • Updated 17 hours ago
  • 4
    Beds
  • 2
    Total Baths
  • 1,680
    Sq. Ft.
Listed by Cascade Hasson SIR, Tammy Lynn Martin
12970 SW Inlet Rd, Culver, OR 97734 - Photo 1 Price Reduced
-$19,000 (-4.28%)
$425,000

12970 SW Inlet Rd  #Lot 11 Slip 2  Culver, OR 97734

  • Lots/Land
  • Active
  • Updated 1 day ago
  • 0.72
    Acres
Listed by ListWithFreedom.com Inc, Kurt Clements

Recent Sales near 646 SW Palmain Pl

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

4200 NW Grimes Rd, Prineville, OR 97754 - Photo 1 Sold
$1,100,000

4200 NW Grimes Rd  Prineville, OR 97754

  • Farm
  • Closed
  • 3
    Beds
  • 2
    Total Baths
  • 2,040
    Sq. Ft.
Listed by Hicks Team - Fay Ranches LLC, Jesica Lee Hicks
Sold by No Office, Non ODS Realtor
735 NW Greewood Ave, Redmond, OR 97756 - Photo 1 Sold
$1,090,000

735 NW Greewood Ave  Redmond, OR 97756

  • Commercial Service
  • Closed
Listed by Jeff Larkin Realty, Jeffrey A Larkin
Sold by Berkshire Hathaway HomeService, Daniel D Cook
6875 NE 11th St, Redmond, OR 97756 - Photo 1 Sold
$1,225,000

6875 NE 11th St  Redmond, OR 97756

  • Single Family
  • Closed
  • 3
    Beds
  • 2
    Total Baths
  • 2,013
    Sq. Ft.
Listed by Jeff Larkin Realty, Jeffrey A Larkin
Sold by Keller Williams Realty Central Oregon, Stanton Shane Cass
6419 NE Juniper Ridge Rd, Redmond, OR 97756 - Photo 1 Sold
$1,350,000

6419 NE Juniper Ridge Rd  Redmond, OR 97756

  • Single Family
  • Closed
  • 4
    Beds
  • 3
    Total Baths
  • 3,706
    Sq. Ft.
Listed and Sold by Cascade Hasson SIR, Carol Swendsen

646 SW Palmain Place, Madras, OR 97741 (MLS# 220222112) is a Commercial property. 646 SW Palmain Place is currently listed for $1,200,000 and was received on May 26, 2026. This property is listed by Bill Pon from our Bend Office.Want to learn more about 646 SW Palmain Place? Do you have questions about finding other Commercial real estate for sale in Madras? You can browse all Madras real estate or contact a Coldwell Banker agent to request more information.

Tour this property