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Property summary
A self-storage facility in Madras, Oregon, sited on approximately 3 acres and containing about 51,675 square feet under roof. The property is configured with 290 storage units and includes controlled access via a keypad entry automated gate. Site improvements include privacy fencing, ADA-compliant parking, exterior security lighting, and hardscape work such as curbs, sidewalks, and a paved street. The facility is set up for self-serve tenant operations with an on-site tenant signup system and WiFi connectivity, and it is located within the MUE zoning district.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The purpose of the Mixed-Use Employment Zone is to provide land for the development of a variety of employment uses, including business and office parks, office buildings, service outlets, light manufacturing or assembly
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Madras market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
MUE · Madras, ORThe purpose of the Mixed-Use Employment Zone is to provide land for the development of a variety of employment uses, including business and office parks, office buildings, service outlets, light manufacturing or assembly
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The purpose of the Mixed-Use Employment Zone is to provide land for the development of a variety of employment uses, including business and office parks, office buildings, service outlets, light manufacturing or assembly
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for MUE in Madras, OR.
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