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
Description
**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.
Supplements: ********
More Information MLS# 220203015
Location, Tax, and Legal
Cross Street: Fairgrounds Rd
Section: Not Applicable
Parcel Number: 1757
Lot Size Acres: 3
Lot Size Square Feet: 130680
Additional Parcels YN: No
Contract Information
Projected Active Date: 2025-06-01
Original List Price: 5200000
Current Price: $4,900,000
Status: Active
List Price: $4,900,000
Listing Contract Date: 2025-05-30
Currently Not Used
List Price per SqFt: 94.82
General Property Information
Building Area Total: 51675
Building Area Source: Appraiser
Building Area Units: Square Feet
# of Units Total: 290
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
Year Built: 2025
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
Additional Features
Tanks in Ground: 1
Business Type (AKA Sub Type)
Income/Investment: 1
Storage: 1
Basement
None: 1
Income and Expenses (Annual Amounts)
Cap Rate %: 7
Cap Rate Basis: Proforma
Estimated Gross Operating Income $: 537600
Estimated Total Expenses: 17400
Common Walls
1 Common Wall: 1
Cooling
None: 1
Construction Materials
Steel Frame: 1
Miscellaneous Information
Confidentiality/Non-Disclosure Agreement: Yes
# of Grade Level Doors: 290
Backup Package Available: Yes
Flooring
Concrete: 1
Listing Terms
Cash: 1
Conventional: 1
Owner Will Carry: 1
Foundation Details
Slab: 1
Flood
N/A: 1
Heating
None: 1
Interior Features
High Speed Internet: 1
Levels
One: 1
Lot Features
Drip System: 1
Fenced: 1
Landscaped: 1
Level: 1
Sloped: 1
Xeriscape Landscape: 1
Roof
Metal: 1
Security Features
Security System Owned: 1
Road Frontage Type
Shared Access: 1
Road Surface Type
Paved: 1
Structure Type
Flex: 1
Mixed Use: 1
None: 1
View
Cascade Mountains: 1
City: 1
Mountain(s): 1
Territorial: 1
Existing Lease Type
Call Listing Agent: 1
Month To Month: 1
Business Details
Business Included?: No
Owner Pays
Electricity: 1
Exterior Maintenance: 1
Taxes: 1
Water: 1
Parking Features
Asphalt: 1
Gated: 1
Gravel: 1
Parking Lot: 1
RV Access/Parking: 1
Power Production
Hydro: 1
Sewer
Public Sewer: 1
None: 1
Utilities
Electricity Connected: 1
Natural Gas Available: 1
Phone Available: 1
Water Source
Public: 1
Water Meter: 1
Parking Details
Parking: Yes
# of Parking Spaces: 50
Documents on File
Rental Agreement: 1
Schedule of Tenants: 1
Seller Disclosure: 1
Special Listing Conditions
Standard: 1
Location Tax and Legal
Street Number: 1451
Street Dir Prefix: SW
Street Name: Olive
Street Suffix: Street
County: Jefferson
State: OR
Postal Code: 97741
Status Change Information
Status Change Timestamp: 2025-06-01
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
Documents
NDA ›
Listing Office:
eXp Realty, LLC
Last Updated: January - 09 - 2026
Broker Attribution:
503-915-8271
Information deemed reliable but not guaranteed.