Self-Storage Facility with Automated
For Sale
$4,900,000
1456 SW OLIVE St, Madras, OR 97741
CommercialSale, Madras, OR
Property Size51,675 SF
Lot Size3.00 Acres
Price / SF$94.82
Days on Market452
Property Features for 1456 SW OLIVE St
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning
MUE
View
City, Territorial
Directions
Fairgrounds rd to Olive St
Subdivision
_340
Standard status
Active
APN
1757
Size
51,675 SF
Lot size
3.00 Acres
Taxes and HOA fees
Tax Description
111314AC00301
Tax Annual Amount
1008
Legal Description
111314AC00301
Building Details
Year built
2025
Floors in Building
1
Building materials
MetalFrame
Roof type
Metal
Listing Agency:
eXp Realty, LLC
(888) 814-9613
Listed By:
E. Lamar Yoder · License #201207796
(503) 915-8271
Added: Jun 1, 2025
Changed: Aug 25
Last Checked: Aug 26 at 5:06AM
MLS# 122483260
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 self-storage facility in Madras is under construction with 51,675 square feet under roof and 290 total units across a 3-acre site. The improvements feature metal-frame construction, a metal roof, an automated keypad-entry gate, privacy fencing, exterior security lighting, WiFi connectivity, and a self-serve tenant signup system. New curbs, sidewalks, ADA parking, and a newly paved street are also included.
The property is zoned MUE and is scheduled for completion in 2025. An estimated cap rate of 7% or more is projected from annual income. The combination of unit count, centralized access controls, and automated tenant registration supports a facility configuration designed for self-service operations.
The property is zoned MUE and is scheduled for completion in 2025. An estimated cap rate of 7% or more is projected from annual income. The combination of unit count, centralized access controls, and automated tenant registration supports a facility configuration designed for self-service operations.
Key Highlights
- 3‑acre self‑storage facility with 290 total units
- 51,675 SQFT under roof
- Automated gate with keypad entry
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
185
Businesses Nearby
Explore this area
Business Placement
Demographics for 97741, OR
13,753
Population
4,777
Households
2.9
Avg Household Size
39
Median Age
21%
College-Educated
86%
High-School Grad
363.9 sq mi
ZIP Area
38
Density / Sq Mi
$69,696
Median Household Income
$37,641
Median Earnings
$993
Median Rent
$308,900
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 - Under-construction property includes controlled entry, security lighting, and self-service tenant registration.
Where is this self storage facility located?
The property is located at 1456 SW OLIVE St Madras, OR.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: 3‑acre self‑storage facility with 290 total units; 51,675 SQFT under roof; Automated gate with keypad entry
