68-Unit Self Storage
For Sale
$2,400,000
5803 SE JOHNSON CREEK Blvd, Portland, OR 97206
CommercialSale, Portland, OR
Property Size8,600 SF
Lot Size0.39 Acres
Price / SF$279.07
Days on Market163
Property Features for 5803 SE JOHNSON CREEK Blvd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
UGB
Directions
Directly on Johnson Creek - One road past Stanley Place
Subdivision
_145
Standard status
Active
APN
00068232
Size
8,600 SF
Lot size
0.39 Acres
Taxes and HOA fees
Tax Description
462 OLSON ACRES PT LT 7
Tax Annual Amount
9145
Legal Description
462 OLSON ACRES PT LT 7
Building Details
Year built
1988
Floors in Building
1
Building materials
Frame
Roof type
Metal
Listing Agency:
Tree City Real Estate
Listed By:
Lizbeth Abbott
(503) 757-1869
Added: May 1
Last Checked: Oct 10 at 6:06AM
MLS# 733743923
Copyright © 2026 Regional Multiple Listing Services. 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 68-unit self storage facility comprises 8,600 square feet on 0.39 acres, with one-story wood-frame buildings constructed in 1988. Units have concrete floors, concrete foundations, and metal roofing; larger units include overhead roll-up doors, while smaller units are accessed through pedestrian doors. The property is fully fenced and gated.
A 600-square-foot office was completed in January 2025 and includes mini-split heating and cooling, built-in cabinetry, desks, countertops, a reception area, three workstations, a kitchen sink, garbage disposal, dishwasher, hot water tank, and washer/dryer hookups. The office and northerly building have a new TPO roof. Other improvements include a concrete driveway and approach, ADA parking, a rolling vehicle gate, an ADA pedestrian gate, and an ADA bathroom with shower.
An adjacent 10' x 20' storage unit provides cabinets and workbench space. Security infrastructure includes wired camera and alarm systems with coaxial and ethernet connections. The property is zoned UGB.
A 600-square-foot office was completed in January 2025 and includes mini-split heating and cooling, built-in cabinetry, desks, countertops, a reception area, three workstations, a kitchen sink, garbage disposal, dishwasher, hot water tank, and washer/dryer hookups. The office and northerly building have a new TPO roof. Other improvements include a concrete driveway and approach, ADA parking, a rolling vehicle gate, an ADA pedestrian gate, and an ADA bathroom with shower.
An adjacent 10' x 20' storage unit provides cabinets and workbench space. Security infrastructure includes wired camera and alarm systems with coaxial and ethernet connections. The property is zoned UGB.
Key Highlights
- 68‑unit self storage facility totaling 8,600 square feet on 0.39 acres
- 600 SF office completed in January 2025 with three workstations and reception area
- 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.
Property Analytics
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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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Market
Vacancy Rate% for Industrial in Portland, OR
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Frequently Asked Questions
What type of property is this?
Self storage facility - Upgraded gated facility with a dedicated office and varied unit access.
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 totaling 8,600 square feet on 0.39 acres; 600 SF office completed in January 2025 with three workstations and reception area; New TPO roof on the northerly building and office addition
