476 SW J Street, Madras, OR 97741
- Added:
- Jun 12, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 13 at 12:06 am
Property Features for 476 SW J Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Window features
- Vinyl Frames, Double Pane Windows
- Patio and Porch features
- Porch, Deck
- Interior features
- Built-in Features, Laminate Counters, Vaulted Ceiling(s)
- Standard status
- Active
- APN
- 9796
- Size
- 19,052 SF
- Lot size
- 1.82 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 12989
Utilities
- Sewer type
- Public Sewer
- Heating system
- Ductless (Heating), Propane (Heating), Heat Pump (Heating)
- Cooling system
- Ductless, Heat Pump
- Water source
- Public
Building Details
- Year built
- 1984
- Floors in Building
- 1
- Number of units
- 141
- Flooring type
- Concrete, Carpet, Laminate
- Building materials
- Concrete, Frame
- Roof type
- Composition, Metal
- Additional Structures
- Storage
Listing agent Mike Gale Helms License #201227472 (541) 979-0119
Listing office RE/MAX Key Properties 42 NW Greenwood Ave., Bend, OR (541) 728-0033
Listing date Jun 12, 2026
Copyright © 2026 Oregon Data Share. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Secure storage facility with controlled gate access and 141 rentable units
- Approximately 19,052 net rental SF with metal siding and pitched metal roofing
- Average 92% occupancy rate reported
- Strategically positioned near State Hwy. 97 with access to Bend and Redmond
- Asking price is below Jefferson County's RMV of $2,275.830
Overview
The property is located in Madras, Oregon, positioned close to State Highway 97 for convenient access to Bend and Redmond. The site covers approximately 1.82 acres, providing a dedicated footprint for the storage unit count and controlled entry.
For buyers or operators seeking a storage asset with an established unit mix, the facility’s configuration supports a straightforward self-storage business model. Public remarks also indicate an average 92% occupancy rate, which may be relevant for underwriting and ongoing operations planning. Offered for sale, the property presents a practical, secure storage platform in proximity to a key regional roadway.
Local Financial Insights For Self Storage
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 | $274.3k | $14.40 |
| − Vacancy | −$21.9k | −$1.15 |
| EGI | $252.4k | $13.25 |
| − OpEx | −$75.7k | −$3.97 |
| NOI | $176.7k | $9.27 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Madras
- County
- Jefferson
- State
- Oregon
- Longitude
- -121.139309
- Latitude
- 44.625597
