Property summary
This exceptional value-add opportunity presents a 275-unit self-storage facility located at 301 N 1st St, Yelm, WA 98597, Thurston County. The property, built between 1980 and 1994, comprises 17 single-story buildings totaling 31,130 square feet on a 2.33-acre lot (APN: 64421800600). The net rentable area is 29,432 square feet, currently boasting a 95% occupancy rate. The property is zoned C-2 Heavy Commercial, allowing for potential expansion. The asking price is $4,400,000, translating to… $16,000 per unit and $141.34 per square foot. The current NOI is $258,389, yielding a 5.87% cap rate. However, a pro-forma analysis projects a significantly higher NOI of $356,660 and an 8.11% cap rate, reflecting the potential for increased rental income. Historical occupancy rates have been exceptionally high (99-100% in 2021-2022), demonstrating strong tenant demand. Recent rent increases have been implemented, and there's potential to add 36-40 more units, further boosting revenue. Detailed financial information is available upon request. This turnkey investment offers substantial upside potential in a thriving market.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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