Office Building with
For Sale
$850,000
307 HIGHWAY 42, Coquille, OR 97423
CommercialSale, Coquille, OR
Property Size5,002 SF
Lot Size0.73 Acres
Price / SF$170
Days on Market58
Property Features for 307 HIGHWAY 42
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
IND
Directions
Hwy 42, 1/4 mile East of Coquille
Subdivision
_260
Standard status
Active
APN
879406
Size
5,000 SF
Lot size
0.73 Acres
Taxes and HOA fees
Tax Description
28S1301-DB-00305
Tax Annual Amount
9972
Legal Description
28S1301-DB-00305
Utilities
Heating system
Heat Pump (Heating)
Amenities
conference/training room
kitchen/break room
outdoor storage building/garage
backup generator
Building Details
Year built
1995
Listing Agency:
Pacific Properties
(541) 269-5263
Listed By:
Randy Hoffine · License #200405075
(541) 260-2651
Added: Jul 14
Changed: Aug 28
Last Checked: Sep 9 at 5:06AM
MLS# 617242752
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1995 office building at 307 Highway 42 includes 10 private offices, a reception area with built-in front desk, open work areas, and a conference or training room. The interior also provides a kitchen and break room, three restrooms, file and storage areas, and an outdoor storage building or garage. A connected backup generator supports essential power during an outage, while heat pump heating serves the building.
The property occupies 0.73 acres in Coquille, with highway access and on-site parking. Its layout combines enclosed offices with larger shared areas and is identified for professional, medical, government, or administrative uses. The current lease expires at year-end, allowing consideration for an owner-user.
The property occupies 0.73 acres in Coquille, with highway access and on-site parking. Its layout combines enclosed offices with larger shared areas and is identified for professional, medical, government, or administrative uses. The current lease expires at year-end, allowing consideration for an owner-user.
Key Highlights
- Approximately 5,002 square feet of office space with 10 private offices
- 0.73‑acre property at 307 Highway 42 in Coquille
- Connected backup generator for essential power during outages
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$46,440
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$928,800
$928.8K
Cap Rate 7%
$663,429
$663.4K
Cap Rate 9%
$516,000
$516.0K
Market Conditions
NOI Build-Up for 5,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$72.0K $14.40/SF
− Vacancy
−$10.1K −$2.02/SF
EGI
$61.9K $12.38/SF
− OpEx
−$15.5K −$3.10/SF
NOI
$46.4K $9.29/SF
Area
Coos County, OR
Vacancy
14.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$928,800
Cap Rate 7%
$663,429
Cap Rate 9%
$516,000
Alternative Uses
Best Use
Office B
$663.4K
$580.5K – $774.0K
NOI $46,440 @ 7.0% cap · market cap 5.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$905.1K
$792.0K – $1.06M
NOI $63,360 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
284
Businesses Nearby
Explore this area
Business Placement
Demographics for 97423, OR
6,986
Population
2,835
Households
2.5
Avg Household Size
49
Median Age
19%
College-Educated
91%
High-School Grad
126.6 sq mi
ZIP Area
55
Density / Sq Mi
$57,665
Median Household Income
$36,250
Median Earnings
$1,150
Median Rent
$266,200
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Flexible professional facility with private offices, collaborative areas, on-site parking, and IND zoning.
Where is this office building located?
The property is located at 307 HIGHWAY 42 Coquille, OR.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Approximately 5,002 square feet of office space with 10 private offices; 0.73‑acre property at 307 Highway 42 in Coquille; Connected backup generator for essential power during outages
