Listed by Matthews
Unpriced
TNT RV Toy Storage
Details
APN R5628 01300
Property Type Retail, Industrial
Sub Type Business and Building
Square Footage 33,000
Net Rentable (SqFt) 33,000
NOI $154,476
Occupancy 80%
Year Built 2016
Buildings 5
Stories 1
Acreage 3.500
Zoning 301 Industrial
Occupancy Date 02/17/2026
Ownership Private
Storage & Industrial Shop | 33,000 NRSF
Marketing description
Sheridan, Oregon is a city in Yamhill County positioned along Highway 18, providing direct access to McMinnville and the greater Willamette Valley. The local economy is driven primarily by agriculture, light industrial activity, and state employment, with the nearby Oregon State Hospital campus contributing a stable workforce. While population growth is modest compared to larger regional centers, Sheridan benefits from steady household formation, limited new housing supply, and a largely owner-occupied residential base.
From a self-storage perspective, Sheridan functions as a needs-based market supported by rural density, aging housing stock, and agricultural users requiring overflow and equipment storage. The absence of large-scale institutional self-storage operators and limited available land zoned for commercial development restrict new supply, helping maintain occupancy and pricing stability. Demand is further supported by small contractors, recreational vehicle owners, and residents transitioning between housing types within Yamhill and Polk counties. Overall, Sheridan presents characteristics of a stable, supply-constrained self-storage market driven by practical use rather than discretionary consumption.
Investment highlights
- The property includes a ±4,200 SF fully equipped warehouse/repair shop, which is currently owner-occupied and not contributing rental income.
- This space is well-suited for a variety of uses, including RV/auto repair, service operations, or general industrial tenancy. Upon leasing to a third party operator, the space presents a meaningful opportunity to generate additional income and enhance overall returns.
- Based on market conversations, the warehouse could achieve approximately $0.50/SF/month, equating to $2,100/month ($25,200 annually) in potential gross income.
- This property operates without a traditional unit mix. Storage is allocated on a flexible, valet-style basis, allowing management to adjust space utilization based on tenant needs and vehicle sizes.
- Enclosed Storage: Four (4) soft-door buildings totaling approximately 28,800 SF of enclosed parking space
- Industrial / Shop Component: One 4,200 SF multi-use warehouse/shop with office + loft + bathroom. 60’ bay, 36’ commercial pit, 40’ bay, overhead crane, lift, and 3-phase power.
- Open Storage: Open parking distributed across the balance of the 3.5-acre site with flexible spacing
- Optimized Rate Model: Owner charges for $3 per linear foot for outdoor parking & $6 per linear foot for indoor parking, to maximize revenue across 3.5 acres (152,460 SF)
- Covered/Enclosed Revenue Base: 4 buildings (60’ x 120’ each) configured for enclosed parking, with soft doors installed on 2 of the 4 buildings
- Functional Shop/Industrial Component: 4,200 SF multi-use warehouse/shop with office + loft + bathroom. 60’ bay, 36’ commercial pit, 40’ bay, overhead crane, lift, and 3-phase power. Currently owner-occupied (potential for upside), has potential use for RV repair business, other SBOs, etc.
- Ancillary Income Implementation: No existing ancillary income streams in place such as tenant insurance, admin fees, merchandise, etc.
- Expansion + Management Upside: Potential for the addition of new structures such as additional enclosed parking and/or mini-storage, per existing zoning enclosed
Listing Contacts
Listed by Matthews
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$154,476.00
$12,873.00/mo
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