Self-Storage Property with Gated
For Sale
$875,000
111 Fourth St, Amity, OR 97101
LI-zoned property includes leased parking, vacant storage units, and two unoccupied spaces.
Property Size9,600 SF
Lot Size0.83 Acres
Price / SF$91.15
Days on Market11
Property Features for 111 Fourth St
General Information
Standard status
Active
Size
9,600 SF
Lot size
0.83 Acres
Property subtype
Commercial
Zoning
LI
Site & Location
Road Access
Yes
Fenced Yard
Yes
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$4,633
Building Details
Building Size
9,600 SF
Year Built
1950
Buildings
1
Stories
1
Listing Agency:
Bella Casa Real Estate Group
Listed By:
Kristina Lookabill · License #980800006
(503) 515-6152
Source:
Duanejohnson
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 29 at 7:48PM
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 Bella Casa Real Estate Group
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Investment Insights
Based on property information with market context.
This 9,600-square-foot self-storage property dates to 1950 and spans two tax lots totaling 0.83 acres. The site includes an existing tenant, two vacant spaces, six vacant storage units, and leased parking. Fenced, gated lots occupy both sides of the property.
The property extends from Fourth Street to Fifth Street in downtown Amity, Oregon. Zoning is LI.
The property extends from Fourth Street to Fifth Street in downtown Amity, Oregon. Zoning is LI.
Key Highlights
- 9,600‑square‑foot property on 0.83 acres across two tax lots
- Six vacant storage units and two vacant spaces
- Existing tenant and leased parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,166
Cap Rate
8.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,463,320
$1.5M
Cap Rate 7%
$1,045,229
$1.0M
Cap Rate 9%
$812,956
$813.0K
Market Conditions
NOI Build-Up for 9,600 SF
Gross rent
$92.2K $9.60/SF
− Vacancy
−$6.1K −$0.63/SF
EGI
$86.1K $8.97/SF
− OpEx
−$12.9K −$1.34/SF
NOI
$73.2K $7.62/SF
Area
Yamhill County, OR
Vacancy
6.60%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,463,320
Cap Rate 7%
$1,045,229
Cap Rate 9%
$812,956
Alternative Uses
Best Use
Self Storage
$1.33M
$1.16M – $1.55M
NOI $92,897 @ 7.0% cap · market cap 10.62%
Second Best
Warehouse
$1.05M
$914.6K – $1.22M
NOI $73,166 @ 7.0% cap · market cap 8.36%
Theoretical Best
Office A
$2.59M
$2.27M – $3.02M
NOI $181,389 @ 7.0% cap · market cap 20.73%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
131
Businesses Nearby
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Business Placement
Demographics for 97101, OR
4,055
Population
1,397
Households
2.9
Avg Household Size
42
Median Age
20%
College-Educated
88%
High-School Grad
50.1 sq mi
ZIP Area
81
Density / Sq Mi
$105,061
Median Household Income
$55,254
Median Earnings
$1,413
Median Rent
$484,200
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Self storage facility - LI-zoned property includes leased parking, vacant storage units, and two unoccupied spaces.
Where is this self storage facility located?
The property is located at 111 Fourth St Amity, OR.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 9,600‑square‑foot property on 0.83 acres across two tax lots; Six vacant storage units and two vacant spaces; Existing tenant and leased parking
