Iraida B. Hermann, MBA

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Listing provided courtesy of eXp Realty, LLC- MLS# 220203015MLS ProviderContact Information: 503-915-8271

1451 SW Olive StreetMadras, OR 97741

Commercial · 51,675 Sq. ft. | 3.00 Acres
$4,900,000 Active

1451 SW Olive Street Overview

Time on Site:
394 days
Visits:
7

**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.

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1451 SW Olive Street Facts & Features

  • Type Commercial
  • Sq. ft. 51,675
  • Price/Sq.ft. $95
  • Lot 3.00 Acres

Details

General

Income/Expenses

  • Gross Income: 537600.0
  • Operating Expense: 17400.0

Building Information

  • Builder Name: Y&S Enterprises LLC
  • New Construction: false
  • Year Built: 2025

Location/Region

  • County Or Parish: Jefferson

Tax Information

  • Tax Annual Amount: 1008.4
  • Tax Year: 2024

General Information

  • Listing Terms: Cash,Conventional,Owner Will Carry
  • Parcel Number: 1757
  • Property Type: Commercial Sale
  • Special Listing Conditions: Standard

Interior

Beds/Baths

  • Bathrooms Total: 0

Building Interior

  • Building Area Source: Appraiser
  • Building Area Total: 51675.0

General Information

  • Basement: None
  • Common Walls: 1 Common Wall
  • Flooring: Concrete
  • Foundation Details: Slab
  • Levels: One
  • Security Features: Security System Owned

Exterior

Parking Information

  • Parking Features: Asphalt,Gated,Gravel,RV Access/Parking,Parking Lot

Lot Information

  • Additional Parcels: false
  • Lot Features: Drip System,Fenced,Landscaped,Level,Sloped,Xeriscape Landscape
  • Lot Size Acres: 3.0
  • Lot Size Area: 3.0
  • Lot Size Square Feet: 130680.0
  • Lot Size Units: Acres
  • Road Surface Type: Paved
  • Water Source: Public,Water Meter

Waterfront/View

  • View: Cascade Mountains,City,Mountain(s),Territorial

Building Exterior/Construction

  • Attached Garage: false
  • Construction Materials: Steel Frame
  • Roof: Metal

General Information

  • Number Of Units Total: 290
  • Road Frontage Type: Shared Access
  • Sewer: Public Sewer,None

1451 SW Olive Street Neighborhood

Community

97741 (Madras) Demographics

40
Median Age
36
Population Density (per sq. mile)
32%
College Educated
$52,400
Estimated Median Income
2,586
Estimated Total Home Owners
1,844
Estimated Total Renters
58% / 42%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1451 SW Olive Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1451 SW Olive Street Market Data

Based on the last 30 days in this zip code

$464,993
Average List Price
$257
Average Price per Square Foot
19
Properties Sold
114
Average Days on Market
175
Properties for Sale
Calculations provided by Reliance Network

1451 SW Olive Street History

Date Event Value Agent
1/9/2026Source: Oregon Datashare Price Reduction
$4,900,000 -5.8%
6/1/2025Source: Oregon Datashare Added to Database
June 01, 2025