1451 SW Olive Street, Madras, OR 97741
$4,900,000
Property Type:
Commercial Sale
Square Footage:
51,675
Lot Size (sq. ft.):
130,680
Status:
Active
Current Price:
$4,900,000
List Date:
6/01/2025
Last Modified:
1/09/2026
Overview
Description
Listing Details MLS# 220203015
General Property Information
- Building Area Total
- 51675
- Building Area Source
- Appraiser
- Building Area Units
- Square Feet
- # of Units Total
- 290
- Year Built
- 2025
- New Construction YN
- No
- Builder Name
- Y&S Enterprises LLC
- Zoning
- MUE
- Tax Annual Amount
- 1008.4
- Tax Year
- 2024
- Potential Tax Liability YN
- Yes
- CC&R's YN
- No
- Preferred Escrow Company & Officer
- Chicago Title Shelley Bolfik
- FIRPTA YN
- No
- Sign On Property YN
- Yes
Property Features
Additional Features:
Tanks in Ground
Basement:
None
Common Walls:
1 Common Wall
Construction Materials:
Steel Frame
Cooling:
None
Flooring:
Concrete
Foundation Details:
Slab
Heating:
None
Interior Features:
High Speed Internet
Levels:
One
Roof:
Metal
Security Features:
Security System Owned
Existing Lease Type:
Call Listing Agent; Month To Month
Business Type (AKA Sub Type):
Income/Investment; Storage
Owner Pays:
Electricity; Exterior Maintenance; Taxes; Water
Flood:
N/A
Utilities:
Electricity Connected; Natural Gas Available; Phone Available
Lot Features:
Drip System; Fenced; Landscaped; Level; Sloped; Xeriscape Landscape
Parking Features:
Asphalt; Gated; Gravel; Parking Lot; RV Access/Parking
Road Frontage Type:
Shared Access
Road Surface Type:
Paved
Structure Type:
Flex; Mixed Use; None
View:
Cascade Mountains; Mountain(s); Territorial
Power Production:
Hydro
Sewer:
Public Sewer; None
Water Source:
Public; Water Meter
Documents on File:
Rental Agreement; Schedule of Tenants; Seller Disclosure
Listing Terms:
Cash; Conventional; Owner Will Carry
Special Listing Conditions:
Standard
Location Tax and Legal
- Street Number
- 1451
- Street Dir Prefix
- SW
- Street Name
- Olive
- Street Suffix
- Street
- County
- Jefferson
- State
- OR
- Postal Code
- 97741
Contract Information
- Original List Price
- 5200000
- Listing Contract Date
- 2025-05-30
- Projected Active Date
- 2025-06-01
Remarks and Miscellaneous
- Public Remarks
- **For Sale: Mini-Storage Investment - 1451 SW Olive St, Madras, OR** Turnkey 3-acre self-storage facility featuring 51,675 SQFT under roof with 290 total units. Estimated annual income projects a cap rate of 7%+. Property includes a **keypad entry automated gate**, new curbs, sidewalks, privacy fencing, ADA parking, and newly paved street. Self-serve tenant signup system, exterior security lighting, and WiFi connectivity offer modern convenience and low overhead. Located in a prime area with easy access to all parts of Madras. Excellent opportunity for investors seeking strong returns in a growing Central Oregon market. Room for additional growth up to 100 units.
- Directions
- HWY 97, West on Fairgrounds rd, South on Olive st
Status Change Information
- Status Change Timestamp
- 2025-06-01
More Information
Currently Not Used
- List Price per SqFt
- 94.82
Business Details
- Business Included?
- No
Income and Expenses (Annual Amounts)
- Cap Rate %
- 7
- Cap Rate Basis
- Proforma
- Estimated Gross Operating Income $
- 537600
- Estimated Total Expenses
- 17400
Miscellaneous Information
- # of Grade Level Doors
- 290
- Backup Package Available
- Yes
- Confidentiality/Non-Disclosure Agreement
- Yes
Parking Details
- Parking
- Yes
- # of Parking Spaces
- 50
Documents
NDA ›
Listing Office:
eXp Realty, LLC
Last Updated: January - 09 - 2026
Broker Attribution:
503-915-8271
Information deemed reliable but not guaranteed.