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 Market190
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
Additional Details
Property Use
Self Storage
Taxes and HOA fees
Tax Description
462 OLSON ACRES PT LT 7
Tax Annual Amount
9145
Legal Description
462 OLSON ACRES PT LT 7
Amenities
mini-split HVAC
built-in cabinets and countertops
kitchen sink with garbage disposal
dishwasher
washer/dryer hookups
work stations
reception area
security camera system
alarm system
ADA bathroom with shower
maintenance storage unit with cabinets and workbench
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
Changed: Nov 3
Last Checked: Nov 6 at 4:06AM
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 68-unit self-storage property contains 8,600 square feet across one-story, wood-frame buildings with concrete foundations, metal roofs and concrete unit floors. Unit access varies by size: larger spaces have overhead roll-up doors, while smaller ones are entered through pedestrian doors. The 0.39-acre site is fenced and gated, with a 600-square-foot office completed in January 2025.
The office has mini-split heating and cooling, built-in work surfaces and storage, a reception area, three work stations, a sink, dishwasher, hot water tank and washer/dryer hookups. Security systems include cameras and an alarm. An adjacent 10-by-20-foot storage space has cabinets and a workbench. Improvements include a TPO roof on the northerly building and office addition, a concrete driveway and approach, ADA parking and pedestrian gate access, and a full bathroom with shower. The property is zoned UGB.
The office has mini-split heating and cooling, built-in work surfaces and storage, a reception area, three work stations, a sink, dishwasher, hot water tank and washer/dryer hookups. Security systems include cameras and an alarm. An adjacent 10-by-20-foot storage space has cabinets and a workbench. Improvements include a TPO roof on the northerly building and office addition, a concrete driveway and approach, ADA parking and pedestrian gate access, and a full bathroom with shower. The property is zoned UGB.
Key Highlights
- 68 storage units in 8,600 square feet on 0.39 acres
- 600‑square‑foot office addition completed in January 2025
- Adjacent 10' x 20' storage space with cabinets and workbench
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Portland, OR
Frequently Asked Questions
What type of property is this?
Self storage facility - An office addition completed in January 2025 provides dedicated workspace on site.
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 storage units in 8,600 square feet on 0.39 acres; 600‑square‑foot office addition completed in January 2025; Adjacent 10' x 20' storage space with cabinets and workbench
