Self-Storage Facility with RV
For Sale
$699,000
87563 Oberman Ln, Bandon, OR 97411
Storage improvements include an on-site manager apartment, fenced vehicle area, and a wide access gate.
Property Size6,144 SF
Lot Size3.83 Acres
Price / SF$113.77
Days on Market47
Property Features for 87563 Oberman Ln
General Information
Standard status
Active
Size
6,144 SF
Lot size
3.83 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Business Included
Yes
Self-Storage Units
32
Building Details
Year Built
1981
Listing Agency:
Pacific Properties
(541) 539-0017
Listed By:
Ilene Kittner · License #201212732
Source:
Wisser
Added: Jul 15
Changed: Aug 28
Last Checked: Aug 25 at 5:51AM
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 Pacific Properties
Investment Insights
Based on property information with market context.
This self-storage property occupies 3.83 acres and includes 32 storage units within a 6,144-square-foot facility built in 1981. The improvements feature a metal roof, perimeter fencing, a wide gate, and an open field area suited to vehicle, RV, and boat storage. An on-site manager apartment provides 2 bedrooms and 1 bath, along with an attached 10 x 23-foot garage and attic storage.
The property also includes an additional commercial vacant lot with frontage on Hwy 101 and multiple power meters. Storage configurations include roll-up doors and regular entry doors in several sizes, providing a mix of unit formats within the facility.
The property also includes an additional commercial vacant lot with frontage on Hwy 101 and multiple power meters. Storage configurations include roll-up doors and regular entry doors in several sizes, providing a mix of unit formats within the facility.
Key Highlights
- 3.83‑acre self‑storage property with 32 units
- 6,144‑square‑foot facility built in 1981
- Unit mix includes 13 roll‑up, 15' x 9.6' units and 9 roll‑ups measuring 20' x 9.6'
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$60,231
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.62%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,204,620
$1.2M
Cap Rate 7%
$860,443
$860.4K
Cap Rate 9%
$669,233
$669.2K
Market Conditions
NOI Build-Up for 6,144 SF
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.
Gross rent
$73.7K $12.00/SF
− Vacancy
−$2.9K −$0.47/SF
EGI
$70.9K $11.53/SF
− OpEx
−$10.6K −$1.73/SF
NOI
$60.2K $9.80/SF
Area
Coos County, OR
Vacancy
3.89%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,204,620
Cap Rate 7%
$860,443
Cap Rate 9%
$669,233
Alternative Uses
Best Use
Warehouse
$860.4K
$752.9K – $1.00M
NOI $60,231 @ 7.0% cap · market cap 8.62%
Second Best
Self Storage
$840.5K
$735.4K – $980.6K
NOI $58,835 @ 7.0% cap · market cap 8.42%
Theoretical Best
Office A
$1.11M
$973.2K – $1.30M
NOI $77,857 @ 7.0% cap · market cap 11.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
30
Businesses Nearby
Explore this area
Business Placement
Demographics for 97411, OR
7,572
Population
4,396
Households
1.7
Avg Household Size
59
Median Age
27%
College-Educated
95%
High-School Grad
128.6 sq mi
ZIP Area
59
Density / Sq Mi
$48,476
Median Household Income
$27,375
Median Earnings
$920
Median Rent
$425,800
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Storage improvements include an on-site manager apartment, fenced vehicle area, and a wide access gate.
Where is this self storage facility located?
The property is located at 87563 Oberman Ln Bandon, OR.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 3.83‑acre self‑storage property with 32 units; 6,144‑square‑foot facility built in 1981; Unit mix includes 13 roll‑up, 15' x 9.6' units and 9 roll‑ups measuring 20' x 9.6'
