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Property profile & analytics
OFF-MARKET
Warehouses

224 Main St Merrill, OR 97633

650 SF 0.14 ac lot Built 2021
Individually Owned 6-yr Hold Absentee Owner Free & Clear
Property ID
US71-0886175
Property summary
AI-generated overview

This exceptional investment opportunity presents a recently constructed commercial storage facility located at 224 N Main Street, Merrill, Oregon. The property encompasses a 0.14-acre lot and houses a total of 22 individual storage units, generating consistent rental income. Sixteen larger units command a monthly rent of $80 each, while six smaller units rent for $50 per month. This translates to a substantial monthly revenue stream. Adding to the income potential is a three-space covered parking area, with each space currently leased at $50 per month. The property's recent construction ensures minimal maintenance needs and a long lifespan for the investment. The location in Merrill, Oregon, offers convenient access for local residents and businesses seeking storage solutions. This turnkey operation presents a rare chance to acquire a profitable, established business with immediate cash flow. The property's strong rental history and high occupancy rates make it an attractive investment for both seasoned and novice investors seeking a stable and rewarding venture. The current rental income provides a solid foundation for future growth and potential expansion. This is a prime opportunity to capitalize on the growing demand for storage space in a thriving community. Serious inquiries are encouraged to explore this lucrative investment further.

Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 2021
Total area 650 SF
Lot 0.14 ac (6,098 SF)
Zoning code C
APN R-4110-002DD-03200-000
UPID US71-0886175
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
William Carlson · 6 yrs held
William Carlson
since 2019
4 recorded transactions
2019
$15,900
2011
$11,600
2006
$21,367
1969
Price N/A
Zoning & alternative use
C · Merrill, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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