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    224 Main St Merrill, OR 97633

    Sponsored
    For Sale
    $180,000

    Profitable Storage Facility, Great ROI

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional investment opportunity presents a recently constructed commercial storage facility located at 224 N Main Street, Merrill, Oregon. The property encompasses a 0.14-acre lot and houses a total of 22 individual storage units, generating consistent rental income. Sixteen larger units command a monthly rent of $80 each, while six smaller units rent for $50 per month. This translates to a substantial monthly revenue stream. Adding to the income potential is a three-space covered parking area, with each space currently leased at $50 per month. The property's recent construction ensures minimal maintenance needs and a long lifespan for the investment. The location in Merrill, Oregon, offers convenient access for local residents and businesses seeking storage solutions. This turnkey operation presents a rare chance to acquire a profitable, established business with immediate cash flow. The property's strong rental history and high occupancy rates make it an attractive investment for both seasoned and novice investors seeking a stable and rewarding venture. The current rental income provides a solid foundation for future growth and potential expansion. This is a prime opportunity to capitalize on the growing demand for storage space in a thriving community. Serious inquiries are encouraged to explore this lucrative investment further.

    Property Features for 224 Main St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    6,098 SF

    Building Details

    Year Built
    2021
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Building Supply Hair Salon Clothing Store Hotel & Motel Auto Parts Store Department Store Food Market Grocery Store Bar & Pub Garden Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Merrill
    County
    Klamath
    State
    Oregon
    Longitude
    -121.6006
    Latitude
    42.02546

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    FAQs

    What type of property is this?
    Commercial real estate - Profitable Storage Facility, Great ROI
    Where is this commercial real estate located?
    The property is located at 224 Main St Merrill, OR.
    What is the asking price?
    The asking price for this property is $180,000.
    (541) 884-1717
    Request Owner's contact information
    224 Main St Merrill, OR 97633
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    Merrill, OR 97633
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    224 Main St Merrill, OR 97633
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