Secure Self Storage
For Sale
$2,000,000
476 SW J Street, Madras, OR 97741
COMMERCIAL - Madras, OR
Property Size19,052 SF
Lot Size1.82 Acres
Price / SF$104.98
Days on Market49
Property Features for 476 SW J Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
R2
Window features
Vinyl Frames, Double Pane Windows
Patio and Porch features
Porch, Deck
Interior features
Built-in Features, Laminate Counters, Vaulted Ceiling(s)
Subdivision
Cunningham
Lot features
Corner Lot, Fenced, Landscaped, Level
View
City, Territorial
Directions
Coming from Bend on Hwy. 97 turn left on J Street in Madras. Go approximately 6 blocks to the junction of Old Culver Hwy. and J Street. Property is on the north side of J Street. Sign on property.
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), Heat Pump (Heating), Propane (Heating)
Cooling system
Ductless, Heat Pump
Water source
Public
Building Details
Year built
1984
Floors in Building
1
Number of units
141
Flooring type
Carpet, Laminate, Concrete
Building materials
Concrete, Frame
Roof type
Composition, Metal
Additional Structures
Storage
Listing Agency:
RE/MAX Key Properties · RE/MAX International
(541) 728-0033
Listed By:
Mike Gale Helms · License #201227472
(541) 979-0119
Added: Jun 12
Changed: Jul 25
Last Checked: Jul 30 at 3:06PM
MLS# 220223285
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.
Investment Insights
Based on property information with market context.
This secure self storage facility consists of 141 rentable units totaling approximately 19,052 net rental square feet. The improvements are constructed with metal siding and pitched metal roofing, designed for a durable, low-maintenance operating profile. Controlled gate access supports after-hours security and tenant entry management.
The property is located in Madras, Oregon and is positioned in close proximity to State Hwy. 97, providing access to Bend and Redmond.
The facility is reported to have an average 92% occupancy rate. The asking price is noted as below Jefferson County’s RMV.
The property is located in Madras, Oregon and is positioned in close proximity to State Hwy. 97, providing access to Bend and Redmond.
The facility is reported to have an average 92% occupancy rate. The asking price is noted as below Jefferson County’s RMV.
Key Highlights
- 141 total rentable storage units totaling approx. 19,052 net rental SF in Madras, Oregon
- Metal siding and pitched metal roofing construction with controlled gate access
- Average 92% occupancy rate
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
92%
Occupancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
519
Businesses Nearby
Explore this area
Business Placement
Demographics for 97741, OR
13,753
Population
4,777
Households
2.9
Avg Household Size
39
Median Age
21%
College-Educated
86%
High-School Grad
363.9 sq mi
ZIP Area
38
Density / Sq Mi
$69,696
Median Household Income
$37,641
Median Earnings
$993
Median Rent
$308,900
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Self storage facility - Secure storage facility with 141 rentable units totaling 19,052 net rental square feet.
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: 141 total rentable storage units totaling approx. 19,052 net rental SF in Madras, Oregon; Metal siding and pitched metal roofing construction with controlled gate access; Average 92% occupancy rate
