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    283 S Main St Falls City, OR 97344

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    For Sale
    $465,000

    Self-storage facility with development land in Falls City, Oregon.

    Lot size:
    5.50 Acres

    Property Features for 283 S Main St

    General Information

    Lot size
    5.50 Acres

    Source: Legacy Real Estate Group Agent James Hauge

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Falls City Storage and Land

    The property includes 40 self-storage units with recent updates. There are approximately 2 acres of additional development land. Zoned Commercial Industrial, the site is suitable for additional storage units and RV park spaces. It is located adjacent to an existing RV Park and offers the opportunity to build alongside an existing income-generating investment.
    Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Restaurant Auto Repair Shop Accounting Firm Bar & Pub Department Store Grocery Store Convenience Store Furniture Store Garden Center Italian Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Falls City
    County
    Polk
    State
    Oregon
    Longitude
    -123.43188
    Latitude
    44.865757

    Nearby Similar for Sale

    • $225,000
      1,823 SF

      Spacious Retail/Office Property For Sale

      Expansive property with natural light, parking, and endless opportunities.
      401 N Main St, Falls City, OR 97344
      View Details

    FAQs

    What type of property is this?
    Self storage facility - Self-storage facility with development land in Falls City, Oregon.
    Where is this self storage facility located?
    The property is located at 283 S Main St Falls City, OR.
    What is the asking price?
    The asking price for this property is $465,000.
    What are key features of this property?
    This property features: - Existing 40 self-storage units provide immediate income generation.; - Approximately 2 acres of additional development land.; - Zoned Commercial Industrial allows for versatile development options (storage units, RV park).
    (503) 390-1375
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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
    283 S Main St Falls City, OR 97344
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