Upgraded Self Storage
For Sale
$2,400,000
5803 SE Johnson Creek Blvd, Portland, OR 97206
Single-story storage buildings with gated access, an on-site office, concrete floors, and a range of unit access configurations.
Property Size8,600 SF
Price / SF$279.07
Days on Market65
Property Features for 5803 SE Johnson Creek Blvd
General Information
Standard status
Active
Size
8,600 SF
Warehouse & Industrial
Office Build-Out
600 SF
Self-Storage Units
68
Additional Details
Fenced Yard
Yes
Amenities
office with mini-split heating and cooling
built-in cabinets
desks
countertops
kitchen sink
dishwasher
hot water tank
washer/dryer hookups
work stations
reception area
security camera system
alarm system
storage unit with cabinets and workbench
ADA parking
ADA bathroom with shower
rolling gate
ADA pedestrian gate
Building Details
Year Built
1988
Stories
1
Construction
wood-frame
Listing Agency:
Tree City Real Estate
Listed By:
Lizbeth Abbott
(503) 757-1869
Source:
Evergreenrealestatepartners
Added: Aug 11
Changed: Sep 13
Last Checked: Oct 7 at 5:45PM
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 Tree City Real Estate
Investment Insights
Based on property information with market context.
This 68-unit self-storage property includes single-story wood-frame buildings constructed in 1988, with concrete foundations, metal roofs, and concrete floors in the storage units. Larger spaces have overhead roll-up doors, while smaller units use pedestrian entrances. A 600 SF office was completed in January 2025 and includes mini-split HVAC, cabinetry, desks, countertops, a reception area, three work stations, a kitchen sink, garbage disposal, dishwasher, hot water tank, and washer/dryer hookups. Wired security camera and alarm systems are also installed.
Recent site work includes a TPO roof replacement on the northerly building and office addition, a concrete driveway and approach, ADA parking, a new rolling vehicle gate, and an ADA pedestrian gate. The office has an ADA full bathroom with shower. An adjacent 10' x 20' storage unit provides cabinets and workbench space for maintenance use. The property is fully fenced and gated at 5803 SE Johnson Creek Blvd in Southeast Portland.
Recent site work includes a TPO roof replacement on the northerly building and office addition, a concrete driveway and approach, ADA parking, a new rolling vehicle gate, and an ADA pedestrian gate. The office has an ADA full bathroom with shower. An adjacent 10' x 20' storage unit provides cabinets and workbench space for maintenance use. The property is fully fenced and gated at 5803 SE Johnson Creek Blvd in Southeast Portland.
Key Highlights
- 68‑unit self‑storage facility with 8,600 SF of property size
- 600 SF office completed in January 2025
- New TPO roof on the northerly building and office addition
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,338
Cap Rate
3.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,746,760
$1.7M
Cap Rate 7%
$1,247,686
$1.2M
Cap Rate 9%
$970,422
$970.4K
Market Conditions
NOI Build-Up for 8,600 SF
Gross rent
$134.2K $15.60/SF
− Vacancy
−$9.4K −$1.09/SF
EGI
$124.8K $14.51/SF
− OpEx
−$37.4K −$4.35/SF
NOI
$87.3K $10.16/SF
Area
ZIP 97206
Vacancy
7.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,746,760
Cap Rate 7%
$1,247,686
Cap Rate 9%
$970,422
Alternative Uses
Best Use
Self Storage
$1.25M
$1.09M – $1.46M
NOI $87,338 @ 7.0% cap · market cap 3.64%
Second Best
Warehouse
$994.9K
$870.5K – $1.16M
NOI $69,641 @ 7.0% cap · market cap 2.90%
Theoretical Best
Office A
$2.42M
$2.11M – $2.82M
NOI $169,056 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
272
Businesses Nearby
Explore this area
Business Placement
Demographics for 97206, OR
51,072
Population
22,348
Households
2.3
Avg Household Size
38
Median Age
49%
College-Educated
94%
High-School Grad
6.5 sq mi
ZIP Area
7,857
Density / Sq Mi
$94,233
Median Household Income
$54,254
Median Earnings
$1,693
Median Rent
$480,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Portland, OR
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Frequently Asked Questions
What type of property is this?
Self storage facility - Single-story storage buildings with gated access, an on-site office, concrete floors, and a range of unit access configurations.
Where is this self storage facility located?
The property is located at 5803 SE Johnson Creek Blvd Portland, OR.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 68‑unit self‑storage facility with 8,600 SF of property size; 600 SF office completed in January 2025; New TPO roof on the northerly building and office addition
