Self Storage and
882 Washington Avenue Metolius, OR 97741
For Sale
$249,900
Fully fenced property includes a 30x40 storage building plus three outbuildings, with gated entry and alley access.
Property Size2,248 SF
Lot Size0.33 Acres
Price / SF$111.17
Days on Market120
Property Features for 882 Washington Avenue
General Information
- Standard status
- Active
- Size
- 2,248 SF
- Lot size
- 0.33 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 2022
Listing Agency:
Signet Realty
(541) 350-4859
Listed By:
Ali K. Stensgar-Alire
(541) 350-4859
Source:
Allprofessionalsre
Added: Mar 27
Changed: Jul 22
Last Checked: Jul 20 at 11:52PM
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 Signet Realty
Investment Insights
Based on property information with market context.
882 Washington Avenue offers a primary 30x40 storage building along with three additional outbuildings measuring 16x32, 12x28, and 10x20. The site is fully fenced and features a secure gated entry, supporting controlled access for storage and other flexible uses.
Convenient alley access and flexible zoning are noted in the remarks, and the property is described as being comprised of three tax lots totaling approximately 0.33 acres.
This configuration provides multiple structures on one secured, fence-enclosed site, offering practical separation of space for varied operating needs.
Convenient alley access and flexible zoning are noted in the remarks, and the property is described as being comprised of three tax lots totaling approximately 0.33 acres.
This configuration provides multiple structures on one secured, fence-enclosed site, offering practical separation of space for varied operating needs.
Key Highlights
- Year built 2022
- 30x40 storage building plus three outbuildings: 16x32, 12x28, and 10x20
- Fully fenced property with secure gated entry
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 | $32.4k | $14.40 |
| − Vacancy | −$2.6k | −$1.15 |
| EGI | $29.8k | $13.25 |
| − OpEx | −$8.9k | −$3.97 |
| NOI | $20.8k | $9.27 |
2,248 SF · lease $14.40/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$360.1K
$315.1K – $420.1K
NOI $25,208 @ 7.0% cap · market cap 10.09%
Second Best
Self Storage
$297.8K
$260.6K – $347.5K
NOI $20,847 @ 7.0% cap · market cap 8.34%
Theoretical Best
Specialty Retail
$971.1K
$849.8K – $1.13M
NOI $67,980 @ 7.0% cap · market cap 27.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Budget rv center
Auto Repair Shop
FAQs
What type of property is this?
Self storage facility - Fully fenced property includes a 30x40 storage building plus three outbuildings, with gated entry and alley access.
Where is this self storage facility located?
The property is located at 882 Washington Avenue Metolius, OR.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Year built 2022; 30x40 storage building plus three outbuildings: 16x32, 12x28, and 10x20; Fully fenced property with secure gated entry
