155 THORN Ave, Milton-Freewater, OR 97862
LAND - MiltonFreewater, OR
- Added:
- Jun 15, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 17 at 1:06 am
Property Features for 155 THORN Ave
General Information
- Property type
- Land
- Property subtype
- Single Family Residence
- Zoning
- R3
- Standard status
- Active
- APN
- 157544
- Lot size
- 0.66 Acres
Taxes and HOA fees
- Tax Description
- 5N3512DA TL 303
- Tax Annual Amount
- 1024
Listing agent Vickie Roff License #960200046 (509) 520-8715
Listing office Roff Real Estate Inc. 195 S Main Street, Milton-Freewater, OR (541) 938-6655
Listing date Jun 15, 2026
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.
HighLights
- 3,076 SF solid brick building constructed in 1915
- Sits on a 0.66‑acre lot
- Concrete floor and storage loft
- Two 14' overhead doors for equipment or vehicle access
- Includes a 30x36 carport for covered RV or equipment storage
Overview
The property is located at 155 Thorn Ave in Milton-Freewater, Oregon, on a 0.66-acre lot. Zoning is listed as R3, and the site size provides room to work within an existing building footprint while also keeping options open for future development of the land.
For tenants, buyers, or operators looking for a warehouse-style structure with drive-in access and additional covered storage, this configuration can support a range of light industrial or practical storage needs. The combination of enclosed brick space, a loft, and covered exterior storage may be especially useful for businesses that need both protected work areas and space to stage equipment.
Local 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 |
Alternative Uses
Current Use by Public Records
Similar Places 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
Map
- City
- Milton-Freewater
- County
- Umatilla
- State
- Oregon
- Longitude
- -118.376892
- Latitude
- 45.922654
