Secure Drive-Up Storage
476 SW J Street Madras, OR 97741
Self-storage facility with controlled gate access, manager office, and 141 drive-up units near State Hwy 97.
Type:Commercial
Property size:
19,052 SFLot size:
1.82 AcresPrice / SF:
$104/SF- Added:
- May 24, 2026
- Days on Market:
- 48
- Last Refresh:
- Jul 8 at 3:47 am
Property Features for 476 SW J Street
General Information
- Standard status
- Active
- Size
- 19,052 SF
- Lot size
- 1.82 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1984
Listing office RE/MAX Key Properties
Listing date May 24, 2026
Source Century21northhomes
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 RE/MAX Key Properties
Investment Insights
Based on property information with market context.
A-1 Madras Secure Storage is a self-storage facility offering 141 total rentable units totaling approximately 19,052 net rentable square feet on a 1.82-acre site. The improvements include a manager’s quarters/office and drive-up storage units constructed with metal siding and pitched metal roofing, designed for a durable, low-maintenance operating profile. Access is provided through controlled gate entry.
The property is located in Madras, Oregon, in close proximity to State Highway 97, providing convenient access toward Bend and Redmond.
For buyers seeking a manageable, established storage operation, the mix of drive-up units and on-site manager’s quarters/office supports an efficient day-to-day model. The facility has an average of 92% occupancy rate based on the provided information, and it is presented for sale with an asking price noted as below Jefferson County’s RMV of $2,275,830.
The property is located in Madras, Oregon, in close proximity to State Highway 97, providing convenient access toward Bend and Redmond.
For buyers seeking a manageable, established storage operation, the mix of drive-up units and on-site manager’s quarters/office supports an efficient day-to-day model. The facility has an average of 92% occupancy rate based on the provided information, and it is presented for sale with an asking price noted as below Jefferson County’s RMV of $2,275,830.
Key Highlights
- Self‑storage facility built in 1984 with controlled gate access
- 141 total rentable drive‑up units totaling about 19,052 net rentable SF
- 1.82‑acre site with manager’s quarters/office and metal siding, pitched metal roofing
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 |
19,052 SF · lease $14.40/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$3.05M
$2.67M – $3.56M
NOI $213,642 @ 7.0% cap · market cap 10.68%
Second Best
Self Storage
$2.52M
$2.21M – $2.94M
NOI $176,681 @ 7.0% cap · market cap 8.83%
Theoretical Best
Specialty Retail
$8.23M
$7.20M – $9.60M
NOI $576,132 @ 7.0% cap · market cap 28.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Self storage facilities
Similar For Sale Nearby
FAQs
What type of property is this?
Self storage facility - Self-storage facility with controlled gate access, manager office, and 141 drive-up units near State Hwy 97.
Where is this self storage facility located?
The property is located at 476 SW J Street Madras, OR.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Self‑storage facility built in 1984 with controlled gate access; 141 total rentable drive‑up units totaling about 19,052 net rentable SF; 1.82‑acre site with manager’s quarters/office and metal siding, pitched metal roofing
