Self-Storage Facility with Commercial
For Sale
Contact for pricing
1006 South Pacific Highway, Talent, OR 97540
Phased self-storage property includes commercial space, surface parking, and an on-site two-story duplex.
Property Size31,036 SF
Lot Size2.40 Acres
Price / SF$119.22
Days on Market8
Property Features for 1006 South Pacific Highway
General Information
Standard status
Active
Size
31,036 SF
Total Parking Spaces
39
Lot size
2.40 Acres
Property subtype
Self Storage
Occupancy
75%
Investment Type
Value Add
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Warehouse Space
24,652 SF
Self-Storage Units
134
Building Details
Year Built
1994
Year Renovated
2022
Units
177
Listing Agency:
Cushman & Wakefield - Portland, Oregon
(503) 279-1743
Listed By:
Jim Lewis · License #OR 200412086
Source:
Crexi
Added: Aug 25
Changed: Aug 31
Last Checked: Aug 31 at 9:38AM
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 Cushman & Wakefield - Portland, Oregon
Investment Insights
Based on property information with market context.
This self-storage property was developed in phases beginning in 1994 and occupies 2.4 acres. The facility contains 31,036 net rentable square feet within 177 units, including 134 storage units totaling 24,652 NRSF. Additional improvements include 4,560 NRSF of commercial space leased to Elements Restoration, 39 surface parking spaces, and a fully occupied two-story duplex on the property.
The asset fronts S Pacific Highway at 1006 South Pacific Hwy in Talent, Oregon, along a north-south commercial corridor connecting Medford, Phoenix, Talent, and Ashland. The property is currently 75% occupied and combines storage, commercial, parking, and residential income components within one site.
The asset fronts S Pacific Highway at 1006 South Pacific Hwy in Talent, Oregon, along a north-south commercial corridor connecting Medford, Phoenix, Talent, and Ashland. The property is currently 75% occupied and combines storage, commercial, parking, and residential income components within one site.
Key Highlights
- 31,036 net rentable square feet across 177 units
- 134 storage units totaling 24,652 NRSF
- 4,560 NRSF commercial space leased to Elements Restoration
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$332,591
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,651,820
$6.7M
Cap Rate 7%
$4,751,300
$4.8M
Cap Rate 9%
$3,695,456
$3.7M
Market Conditions
NOI Build-Up for 31,036 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$502.8K $16.20/SF
− Vacancy
−$27.7K −$0.89/SF
EGI
$475.1K $15.31/SF
− OpEx
−$142.5K −$4.59/SF
NOI
$332.6K $10.72/SF
Area
Jackson County, OR
Vacancy
5.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,651,820
Cap Rate 7%
$4,751,300
Cap Rate 9%
$3,695,456
Alternative Uses
Best Use
Multifamily LT 5
$4.75M
$4.16M – $5.54M
NOI $332,591 @ 7.0% cap · market cap 8.99%
Second Best
Apartment 5plus
$4.17M
$3.65M – $4.86M
NOI $291,894 @ 7.0% cap · market cap 7.89%
Theoretical Best
Office A
$7.49M
$6.55M – $8.74M
NOI $524,384 @ 7.0% cap · market cap 14.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
75%
Occupancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
182
Businesses Nearby
Explore this area
Business Placement
Demographics for 97540, OR
8,234
Population
4,228
Households
1.9
Avg Household Size
45
Median Age
43%
College-Educated
97%
High-School Grad
45.0 sq mi
ZIP Area
183
Density / Sq Mi
$57,686
Median Household Income
$40,176
Median Earnings
$1,428
Median Rent
$427,900
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Phased self-storage property includes commercial space, surface parking, and an on-site two-story duplex.
Where is this self storage facility located?
The property is located at 1006 South Pacific Highway Talent, OR.
What is the asking price?
The asking price for this property is $3,700,000.
What are key features of this property?
This property features: 31,036 net rentable square feet across 177 units; 134 storage units totaling 24,652 NRSF; 4,560 NRSF commercial space leased to Elements Restoration
