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498 W Central Blvd 1,272 SF Specialty Building Offered at $2,500,000 at a 7.64% Cap Rate in Coquille, OR 97423
Investment Highlights
- Turnkey investment blending self-storage and residential for diversified income.
- 98.5% occupied with historically low vacancy
- Located in the heart of Coquille with easy access to surrounding community amenities
- 141 self-storage units plus 10 residential units on 3.82 acres
- Family owned and operated since 1976
Executive Summary
Central Mini Storage presents a turnkey opportunity in Coquille, Oregon, encompassing two contiguous parcels totaling 3.82 acres. The property blends 141 self-storage units with 10 residential units, including eight detached cottages and two single-family homes. This family-owned facility, operating since 1976, has maintained exceptional occupancy at 98.5%, supported by proactive tenant retention and consistent market demand. The list price of $2,500,000 is underpinned by strong fundamentals, including a current cap rate of 7.64% and a stabilized cap rate of 8.46%.
All storage leases are month-to-month, giving new ownership flexibility to adjust rates as the market allows. Additional upside exists through operational modernization, including automated collections and expanded electronic access controls. With no competing self-storage projects currently reported in the pipeline, new ownership gains an advantageous position to enhance income through market-aligned rental rates and property improvements.
All storage leases are month-to-month, giving new ownership flexibility to adjust rates as the market allows. Additional upside exists through operational modernization, including automated collections and expanded electronic access controls. With no competing self-storage projects currently reported in the pipeline, new ownership gains an advantageous position to enhance income through market-aligned rental rates and property improvements.
Property Facts
| Price | $2,500,000 | Building Class | B |
| Price Per SF | $143.78 | Lot Size | 3.82 AC |
| Sale Type | Investment | Building Size | 17,388 SF |
| Cap Rate | 7.64% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1976 |
| Property Subtype | Self-Storage | ||
| Zoning | UR-2, C-2 | ||
| Price | $2,500,000 |
| Price Per SF | $143.78 |
| Sale Type | Investment |
| Cap Rate | 7.64% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | B |
| Lot Size | 3.82 AC |
| Building Size | 17,388 SF |
| No. Stories | 1 |
| Year Built | 1976 |
| Zoning | UR-2, C-2 |
Amenities
- Signage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $1,212,830 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,212,830
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498 W Central Blvd