Self Storage and
For Sale
$249,900
882 Washington Avenue, Metolius, OR 97741
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 Market139
Property Features for 882 Washington Avenue
General Information
Standard status
Active
Size
2,248 SF
Lot size
0.33 Acres
Property subtype
Commercial
Zoning
C1
Additional Details
Fenced Yard
Yes
Taxes and HOA fees
Annual Taxes
$1,112
Building Details
Building Size
2,248 SF
Year Built
2022
Stories
1
Units
4
Listing Agency:
Signet Realty
(541) 350-4859
Listed By:
Ali K. Stensgar-Alire · License #200509034
(541) 350-4859
Source:
Allprofessionalsre
Added: Mar 27
Changed: Aug 8
Last Checked: Aug 12 at 12:45PM
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 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
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
$20,847
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
8.34%
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%
$416,940
$416.9K
Cap Rate 7%
$297,814
$297.8K
Cap Rate 9%
$231,633
$231.6K
Market Conditions
NOI Build-Up for 2,248 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
$32.4K $14.40/SF
− Vacancy
−$2.6K −$1.15/SF
EGI
$29.8K $13.25/SF
− OpEx
−$8.9K −$3.97/SF
NOI
$20.8K $9.27/SF
Area
Jefferson County, OR
Vacancy
8.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
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%
$416,940
Cap Rate 7%
$297,814
Cap Rate 9%
$231,633
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
42
Businesses Nearby
Explore this area
Business Placement
Demographics for 97741, OR
13,753
Population
4,777
Households
2.9
Avg Household Size
39
Median Age
21%
College-Educated
86%
High-School Grad
363.9 sq mi
ZIP Area
38
Density / Sq Mi
$69,696
Median Household Income
$37,641
Median Earnings
$993
Median Rent
$308,900
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 - 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
