Industrial Warehouse
20824 Matthieu St NE, Donald, OR 97020
For Sale
Contact for pricing
Three-building industrial property with fenced gravel yard, dock access, and Industrial (I) zoning.
Property Size16,000 SF
Lot Size3.97 Acres
Price / SF$134.38
Days on Market97
Property Features for 20824 Matthieu St NE
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Fenced Yard
Additional Details
Dock-High Doors
Amenities
dock
Building Details
Buildings
Construction
Listing Agency:
Apex Real Estate Partners
(503) 595-2840
Listed By:
Tom Shimota
(503) 709-3689
Source:
Moodyscre
Added: Aug 6
Changed: Nov 8
Last Checked: Nov 8 at 8:32AM
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 Apex Real Estate Partners
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Investment Insights
Based on property information with market context.
This industrial property includes three metal buildings arranged for warehouse and outdoor storage use. One enclosed structure measures approximately 16,000 SF and offers 18-foot clear height plus one dock. Two additional three-sided buildings each provide approximately 8,000 SF of on-grade space.
The improvements sit on approximately 3.97 acres of fenced, gravel-packed land. Industrial (I) zoning supports the property’s industrial classification, while proximity to I-5 provides regional transportation access. The property is located at 20824 Matthieu St NE in Donald, Oregon.
The improvements sit on approximately 3.97 acres of fenced, gravel-packed land. Industrial (I) zoning supports the property’s industrial classification, while proximity to I-5 provides regional transportation access. The property is located at 20824 Matthieu St NE in Donald, Oregon.
Key Highlights
- Three metal buildings on approximately 3.97 AC of fenced, gravel‑packed land
- Approximately 16,000 SF building with 18’ clear height and one dock
- Two three‑sided buildings, each approximately 8,000 SF with on‑grade access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$168,615
Cap Rate
7.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,372,300
$3.4M
Cap Rate 7%
$2,408,786
$2.4M
Cap Rate 9%
$1,873,500
$1.9M
Market Conditions
NOI Build-Up for 16,000 SF
Gross rent
$206.4K $12.90/SF
− Vacancy
−$8.0K −$0.50/SF
EGI
$198.4K $12.40/SF
− OpEx
−$29.8K −$1.86/SF
NOI
$168.6K $10.54/SF
Area
Marion County, OR
Vacancy
3.89%
Lease Rate
$12.90 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,372,300
Cap Rate 7%
$2,408,786
Cap Rate 9%
$1,873,500
Alternative Uses
Best Use
Warehouse
$2.41M
$2.11M – $2.81M
NOI $168,615 @ 7.0% cap · market cap 7.84%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.76M
$3.29M – $4.39M
NOI $263,405 @ 7.0% cap · market cap 12.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
1
Dock-high doors
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
88
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97020, OR
1,009
Population
482
Households
2.1
Avg Household Size
41
Median Age
13%
College-Educated
92%
High-School Grad
0.3 sq mi
ZIP Area
3,363
Density / Sq Mi
$79,167
Median Household Income
$43,375
Median Earnings
$336,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Warehouses in Marion County, OR
Properties on Market for Warehouses in Marion County
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Donald RV & Storage LLC — 10780 Cone St NE, Donald, OR 97020
Frequently Asked Questions
What type of property is this?
Warehouse - Three-building industrial property with fenced gravel yard, dock access, and Industrial (I) zoning.
Where is this warehouse located?
The property is located at 20824 Matthieu St NE Donald, OR.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Three metal buildings on approximately 3.97 AC of fenced, gravel‑packed land; Approximately 16,000 SF building with 18’ clear height and one dock; Two three‑sided buildings, each approximately 8,000 SF with on‑grade access
