Historic Brick Warehouse with
155 Thorn Ave Milton Freewater, OR 97862
For Sale
$265,000
Brick warehouse built in 1915 with concrete floor, storage loft, two 14' overhead doors, and a 30x36 carport.
Property Size3,076 SF
Lot Size0.66 Acres
Price / SF$86.15
Days on Market46
Property Features for 155 Thorn Ave
General Information
Standard status
Active
Size
3,076 SF
Lot size
0.66 Acres
Property subtype
Land
Listing Agency:
Roff Real Estate Inc.
(509) 520-8715
Listed By:
Vickie Roff · License #960200046
(509) 520-8715
Source:
Exprealty
Added: Jun 15
Changed: Jul 26
Last Checked: Jul 29 at 8:55PM
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 Roff Real Estate Inc.
Investment Insights
Based on property information with market context.
A solid brick warehouse constructed in 1915, offered for sale and totaling 3,076 square feet. The building includes a concrete floor, a storage loft, and two overhead doors sized at 14 feet, supporting straightforward equipment or vehicle access. An additional 30x36 carport provides covered space for RV or equipment storage.
The property sits on a .66-acre lot, offering room for storage and flexibility for future use within the existing industrial building site footprint. The structure’s durable brick construction and industrial-era features support practical applications such as storage and workshop use.
With both enclosed warehouse space and covered exterior storage, this offering is designed for day-to-day operational needs where covered and accessible storage matter.
The property sits on a .66-acre lot, offering room for storage and flexibility for future use within the existing industrial building site footprint. The structure’s durable brick construction and industrial-era features support practical applications such as storage and workshop use.
With both enclosed warehouse space and covered exterior storage, this offering is designed for day-to-day operational needs where covered and accessible storage matter.
Key Highlights
- Brick warehouse constructed in 1915 with 3,076 SF building size on a 0.66‑acre lot
- Concrete floor and storage loft for workshop or storage use
- Two 14' overhead doors for easy equipment or vehicle access
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.7k | $9.00 |
| − Vacancy | −$1.8k | −$0.58 |
| EGI | $25.9k | $8.42 |
| − OpEx | −$3.9k | −$1.26 |
| NOI | $22.0k | $7.16 |
3,076 SF · lease $9.00/SF/yr · vacancy 6.40% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$314.6K
$275.3K – $367.1K
NOI $22,025 @ 7.0% cap · market cap 8.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$643.9K
$563.4K – $751.2K
NOI $45,074 @ 7.0% cap · market cap 17.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Superior RV Storage — 5 SE 15th Ave, Milton-Freewater, OR 97862
- U-Store-It Mini Storage — 684 College St, Milton-Freewater, OR 97862
- Welchs Storage — 53643 Walla Walla River Rd, Milton-Freewater, OR 97862
Frequently Asked Questions
What type of property is this?
Warehouse - Brick warehouse built in 1915 with concrete floor, storage loft, two 14' overhead doors, and a 30x36 carport.
Where is this warehouse located?
The property is located at 155 Thorn Ave Milton Freewater, OR.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Brick warehouse constructed in 1915 with 3,076 SF building size on a 0.66‑acre lot; Concrete floor and storage loft for workshop or storage use; Two 14' overhead doors for easy equipment or vehicle access
