Building Details

Year built 1950

Floors in Building 1

Building materials Block, Concrete, Frame

Roof type Composition

Listing Agency: Bella Casa Real Estate Group i***@thebellacasagroup.com Show Phone

Listed By: Kristina Lookabill · License #980800006 Show Phone

Added: Oct 5 Last Checked: Oct 6 at 9:06AM

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MLS# 659663283

Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 9,600-square-foot self-storage property includes six vacant storage units, two vacant spaces, and an existing tenant. Parking is leased. Fenced and gated lots occupy both sides of the property, which extends between Fourth and Fifth streets across roughly half a block. The site is zoned LI.

Built in 1950, the improvements include block, concrete, and frame construction, forced-air heating, and a composition roof.

Key Highlights

• 9,600‑square‑foot property zoned LI
• 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 (±1% cap)

NOI $92,897 @ 7.0% cap · market cap 10.62%

Second Best

Warehouse

$1.05M

$914.6K – $1.22M (±1% cap)

NOI $73,166 @ 7.0% cap · market cap 8.36%

Theoretical Best

Office A

$2.59M

$2.27M – $3.02M (±1% cap)

NOI $181,389 @ 7.0% cap · market cap 20.73%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Self storage facilities

Suggested Use

Top Pick Parking Lot & Garage Building Supply Auto Repair Shop Storage Facility Bakery (Bike/Boat/Book/etc) 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.

Lease Details

Yes

Fenced yard

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

130

Businesses Nearby

Explore this area 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

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

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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 - A mixed-occupancy property combines storage units, leasable spaces, and parking within a fenced, gated site.

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 zoned LI; Six vacant storage units and two vacant spaces; Existing tenant and leased parking