Building Details

Year Built 2015

Listing Agency: STELLAR REALTY NORTHWEST

Listed By: KATHY COLLINS · License #200102007 Show Phone

Source: Wisser

Added: Sep 10 Changed: Oct 26 Last Checked: Oct 5 at 8:04PM

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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 STELLAR REALTY NORTHWEST

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Investment Insights

Based on property information with market context.

This 14.09-acre manufacturing property in Tenmile includes an established trailer manufacturing business, 47 storage units, multiple outbuildings, and a covered six-car carport. The improvements include an ADA commercial building measuring 924 SF, watchman’s quarters of 1,440 SF, Dee’s Shop at 816 SF, and an approximately 200 SF shop mezzanine. The parcel was built out in 2015 and is fully fenced with gated entry and security camera systems.

Located at 215 Lawson Ln near HWY 42, the MRC/R5-zoned property includes a 38 GPM well, holding tanks, solar power, Wi-Fi battery backup, and a fire suppression system. Four seasonal ponds and partially treed areas are also present on the site. The combination of manufacturing improvements, storage capacity, and supporting infrastructure accommodates continued business operations and additional commercial use subject to applicable approvals.

Key Highlights

• 14.09‑acre MRC/R5‑zoned manufacturing property at 215 Lawson Ln, Tenmile, OR 97481
• Trailer manufacturing business with operational improvements and supporting outbuildings
• 47 storage units plus covered six‑car carport

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$135,153

Cap Rate

7.72%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,703,060 $2.7M

Cap Rate 7%

$1,930,757 $1.9M

Cap Rate 9%

$1,501,700 $1.5M

Is this asking price fair?

Market Conditions

NOI Build-Up for 14,574 SF

Gross rent

$209.9K $14.40/SF

− Vacancy

−$16.8K −$1.15/SF

EGI

$193.1K $13.25/SF

− OpEx

−$57.9K −$3.97/SF

NOI

$135.2K $9.27/SF

Area

Douglas County, OR

Vacancy

8.00%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,703,060

Cap Rate 7%

$1,930,757

Cap Rate 9%

$1,501,700

Alternative Uses

Best Use

Self Storage

$1.93M

$1.69M – $2.25M (±1% cap)

NOI $135,153 @ 7.0% cap · market cap 7.72%

Second Best

Warehouse

$1.53M

$1.34M – $1.79M (±1% cap)

NOI $107,154 @ 7.0% cap · market cap 6.12%

Theoretical Best

Specialty Retail

$2.52M

$2.21M – $2.94M (±1% cap)

NOI $176,570 @ 7.0% cap · market cap 10.09%

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

Open Analytics

Current Use

Family Storage & U-Haul, ... Storage Facility U-Haul Neighborhood Dealer Car Rental Facility

Suggested Use

Top Pick Plumbing Service Storage Facility Department Store Car Rental Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Yes

Fenced yard

Yes

Highway access

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

12

Businesses Nearby

Explore this area Business Placement

Demographics for 97481, OR

715

Population

316

Households

2.3

Avg Household Size

50

Median Age

3%

College-Educated

83%

High-School Grad

7.5 sq mi

ZIP Area

95

Density / Sq Mi

$51,302

Median Earnings

$202,500

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Frequently Asked Questions

What type of property is this?

Manufacturing property - MRC/R5-zoned commercial property combines a trailer manufacturing operation, storage units, multiple structures, and secured site infrastructure.

Where is this manufacturing property located?

The property is located at 215 Lawson Ln Tenmile, OR.

What is the asking price?

The asking price for this property is $1,750,000.

What are key features of this property?

This property features: 14.09‑acre MRC/R5‑zoned manufacturing property at 215 Lawson Ln, Tenmile, OR 97481; Trailer manufacturing business with operational improvements and supporting outbuildings; 47 storage units plus covered six‑car carport