Building Details

Year Built 2005

Buildings 2

Listing Agency: Coldwell Banker Farley Company

Listed By: Jerry Baker · License #201211883 Show Phone

Source: Christiesrealestateevg

Added: Aug 19 Changed: Oct 5 Last Checked: Oct 7 at 5:05PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Farley Company

Investment Insights

Based on property information with market context.

This self-storage facility includes 38 units distributed across two buildings, providing a clearly defined storage configuration within an approximately 2,800-square-foot property. Constructed in 2005, the asset is located in Athena, Oregon, at 1 St St.

Key Highlights

• 38 storage units across two buildings
• Approximately 2,800 square feet
• Built in 2005

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$23,623

Cap Rate

7.27%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$472,460 $472.5K

Cap Rate 7%

$337,471 $337.5K

Cap Rate 9%

$262,478 $262.5K

Market Conditions

NOI Build-Up for 2,800 SF

Gross rent

$36.3K $12.96/SF

− Vacancy

−$2.5K −$0.91/SF

EGI

$33.7K $12.05/SF

− OpEx

−$10.1K −$3.62/SF

NOI

$23.6K $8.44/SF

Area

Umatilla County, OR

Vacancy

7.00%

Lease Rate

$12.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$472,460

Cap Rate 7%

$337,471

Cap Rate 9%

$262,478

Alternative Uses

Best Use

Self Storage

$337.5K

$295.3K – $393.7K (±1% cap)

NOI $23,623 @ 7.0% cap · market cap 7.27%

Second Best

Warehouse

$286.4K

$250.6K – $334.2K (±1% cap)

NOI $20,049 @ 7.0% cap · market cap 6.17%

Theoretical Best

Office A

$586.1K

$512.9K – $683.8K (±1% cap)

NOI $41,030 @ 7.0% cap · market cap 12.62%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Self storage facilities

Suggested Use

Top Pick Building Supply (Bike/Boat/Book/etc) Store Auto Parts Store Furniture & Home Goods Big Box & Wholesale Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

89

Businesses Nearby

Explore this area Business Placement

Demographics for 97813, OR

1,386

Population

614

Households

2.3

Avg Household Size

44

Median Age

32%

College-Educated

93%

High-School Grad

53.8 sq mi

ZIP Area

26

Density / Sq Mi

$73,688

Median Household Income

$38,438

Median Earnings

$868

Median Rent

$217,200

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this self storage facilities located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Self storage facility - Self-storage property comprising two separate buildings in Athena, Oregon.

Where is this self storage facility located?

The property is located at 1 St St Athena, OR.

What is the asking price?

The asking price for this property is $325,000.

What are key features of this property?

This property features: 38 storage units across two buildings; Approximately 2,800 square feet; Built in 2005