Self Storage Facility with Twenty-Four-Hour Coded
For Sale
$9,998,000
1400 Avenue G, White City, OR 97503
Commercial Sale, White City, OR
Property Size85,548 SF
Lot Size7.40 Acres
Price / SF$116.87
Days on Market461
Property Features for 1400 Avenue G
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
GI
Parking features
Driveway, Gated
Security features
Security System
Window features
Vinyl Frames, Double Pane Windows
Subdivision
Avenue GIndustrial Subdivision
Lot features
Fenced, Landscaped, Level, Sprinkler Timer(s), Sprinklers In Front
View
Territorial
Directions
North on Highway 62 to Avenue G. Turn left on Avenue G to the property located on the left just past 8th Street.
Standard status
Active
APN
10924339
Size
85,548 SF
Lot size
7.40 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
29896
Utilities
Sewer type
Public Sewer
Heating system
Ductless (Heating)
Cooling system
Ductless
Water source
Public
Amenities
24-Hour access
Coded entry
Security cameras with optional off-site monitoring
Wash bay
RV dump station
Building Details
Year built
2005
Floors in Building
1
Number of units
261
Flooring type
Vinyl, Carpet, Concrete
Building materials
Steel Frame
Roof type
Metal
Listing Agency:
RE/MAX Integrity · RE/MAX International
(541) 770-3325
Listed By:
Glen O Thone · License #900200151
(541) 944-5873
Added: May 19, 2025
Changed: Aug 19
Last Checked: Aug 22 at 10:06AM
MLS# 220202156
Copyright © 2026 Oregon Data Share. 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.
Self storage facility set on a fenced 7.40-acre complex with paved alleys and lighted areas, offering twenty-four-hour access through coded entry. The site is equipped with security cameras and supports both enclosed and outside storage needs.
The property includes 50,232 SF of enclosed storage built in 2005, comprising 62 enclosed units with sizes ranging from 12' x 20' up to 24' x 65'. There is also 35,316 SF of canopy-covered parking with 73 spaces ranging in size from 12' x 25' up to 12' x 65'.
A recent 2.92-acre expansion added 90 additional outside spaces sized from 15' x 35' up to 15' x 46', plus expansion area #2 offering 36 15' x 35' parking spaces. Operational features include a wash bay, RV dump station, and a 480 SF office space. Construction materials are steel frame with a metal roof, and utilities include public water and public sewer.
The property includes 50,232 SF of enclosed storage built in 2005, comprising 62 enclosed units with sizes ranging from 12' x 20' up to 24' x 65'. There is also 35,316 SF of canopy-covered parking with 73 spaces ranging in size from 12' x 25' up to 12' x 65'.
A recent 2.92-acre expansion added 90 additional outside spaces sized from 15' x 35' up to 15' x 46', plus expansion area #2 offering 36 15' x 35' parking spaces. Operational features include a wash bay, RV dump station, and a 480 SF office space. Construction materials are steel frame with a metal roof, and utilities include public water and public sewer.
Key Highlights
- Fenced 7.40‑acre complex with paved alleys, lighted areas, and twenty‑four‑hour coded entry access
- 99% occupancy
- 50,232 SF enclosed storage built in 2005 with 62 units ranging from 12' x 20' to 24' x 65'
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
$723,317
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
7.23%
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%
$14,466,340
$14.5M
Cap Rate 7%
$10,333,100
$10.3M
Cap Rate 9%
$8,036,856
$8.0M
Market Conditions
NOI Build-Up for 85,548 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
$1.11M $12.96/SF
− Vacancy
−$75.4K −$0.88/SF
EGI
$1.03M $12.08/SF
− OpEx
−$310.0K −$3.62/SF
NOI
$723.3K $8.46/SF
Area
Jackson County, OR
Vacancy
6.80%
Lease Rate
$12.96 /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%
$14,466,340
Cap Rate 7%
$10,333,100
Cap Rate 9%
$8,036,856
Alternative Uses
Best Use
Self Storage
$10.33M
$9.04M – $12.06M
NOI $723,317 @ 7.0% cap · market cap 7.23%
Second Best
Warehouse
$9.46M
$8.28M – $11.04M
NOI $662,530 @ 7.0% cap · market cap 6.63%
Theoretical Best
Office A
$20.65M
$18.07M – $24.09M
NOI $1,445,419 @ 7.0% cap · market cap 14.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
99%
Occupancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
113
Businesses Nearby
Explore this area
Business Placement
Demographics for 97503, OR
12,349
Population
4,708
Households
2.6
Avg Household Size
36
Median Age
12%
College-Educated
78%
High-School Grad
81.7 sq mi
ZIP Area
151
Density / Sq Mi
$65,040
Median Household Income
$35,834
Median Earnings
$1,082
Median Rent
$299,500
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 - Fenced, lighted storage complex with 99% occupancy and twenty-four-hour access with coded entry.
Where is this self storage facility located?
The property is located at 1400 Avenue G White City, OR.
What is the asking price?
The asking price for this property is $9,998,000.
What are key features of this property?
This property features: Fenced 7.40‑acre complex with paved alleys, lighted areas, and twenty‑four‑hour coded entry access; 99% occupancy; 50,232 SF enclosed storage built in 2005 with 62 units ranging from 12' x 20' to 24' x 65'
