Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    62885 ISTHMUS HEIGHTS Rd Coos Bay, OR 97420

    View on Map
    For Sale
    $199,000

    LAND - CoosBay, OR

    Type:Single Family Residence
    Lot size:
    4.90 Acres
    Added:
    Mar 8, 2026
    Days on Market:
    24
    Last Refresh:
    Apr 1 at 8:06 am

    Property Features for 62885 ISTHMUS HEIGHTS Rd

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Zoning
    RR-2
    Standard status
    Active
    APN
    522742
    Lot size
    4.90 Acres

    Taxes and HOA fees

    TaxDescription
    26S-13W-12A TL 1900,2000
    TaxAnnualAmount
    1110

    We can help!

    Listing Contact
    Christopher Gederos

    Listing agent Christopher Gederos

    Listing office Pacific Coast Real Estate & Development, LLC 1260 N Bayshore Dr, Ste 105 Ste 105, Coos Bay, OR

    Listing date Mar 8, 2026

    MLS# 710055808

    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.

    Overview

    Almost 5 Acres in CoosBay

    This property features two adjoining parcels totaling approximately 4.9 acres, situated in Isthmus Heights. Each parcel is 2.45 acres. Zoned RR-2, the lots offer potential opportunities for one or two homes, but buyers should verify this with local planning authorities. The elevated setting of these properties provides the potential for surrounding views while maintaining privacy. This land is suitable for building a custom home, developing a second homesite, or investing in land. The property is located near town amenities, waterways, and outdoor recreation. There is an older manufactured home on the property that will need to be removed or demolished. The condition of wells and the septic system is unknown.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Accounting Firm Storage Facility Electronics & Wireless Store (Bike/Boat/Book/etc) Store Barber Shop Cosmetic Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Coos Bay
    County
    Coos
    State
    Oregon
    Longitude
    -124.1860077
    Latitude
    43.3355455

    Nearby Similar for Sale

    • $995,000

      Prime Commercial Land in CoosBay

      1.53 acre corner lot ready for development in CoosBay.
      1088 Newmark Ave, CoosBay, OR 97420
      View Details
    • $187,000

      Ready-to-Go Coastal Living Property

      Private, gated lot with utilities in place near bay.
      91136 Seaview Ln, CoosBay, OR 97420
      View Details
    • $275,000

      Coos Bay Commercial Parcel

      0.35-acre commercial land in high-traffic Coos Bay location.
      1022 NEWMARK Ave, CoosBay, OR 97420
      View Details
    • $338,000

      Updated Craftsman with Bay Views

      Charming 2-bedroom home with ADU and bay views.
      884 S 7TH St, CoosBay, OR 97420
      View Details
    • $325,000

      Coos Bay Mixed-Use Land

      1.39 acres in the heart of Coos Bay, Oregon.
      790 COMMERCIAL Ave, CoosBay, OR 97420
      View Details
    • $1,200,000

      Coos Bay Income Property

      Six units with bay views and strong income potential.
      303 S Empire Blvd, CoosBay, OR 97420
      View Details
    • $125,000

      Industrial Land in Coos Bay

      0.21-acre industrial-zoned parcel suitable for commercial or light industrial uses.
      Carlisle Ln, CoosBay, OR 97420
      View Details
    • $111,111

      Cleared Land in Coos Bay

      Nearly half-acre cleared property in-town, ready for development.
      Fulton Ave unit: 312, CoosBay, OR 97420
      View Details
    • $129,000

      Coos Bay Land For Sale

      2+ acre lot in gated subdivision, priced to sell.
      93505 PATTERSON Ln, CoosBay, OR 97420
      View Details
    • $129,000

      Coos Bay Land For Sale

      2.45 acre lot in gated community, Coos Bay, Oregon.
      93549 PATTERSON Ln, CoosBay, OR 97420
      View Details
    • $499,999

      Development Land with Bay Views

      5.97 acres ready for development with bay and city views.
      Andrews Rd unit: 1, CoosBay, OR 97420
      View Details
    • $139,900

      Private Homesite Bordering Coos Golf

      Premier residential lot near golf course with utilities in place.
      19 Pierson unit: 1421, CoosBay, OR 97420
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Two adjoining parcels totaling almost 5 acres in Isthmus Heights.
    Where is this residential land & home lot located?
    The property is located at 62885 ISTHMUS HEIGHTS Rd Coos Bay, OR.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: Two adjoining parcels totaling almost 5 acres in desirable Isthmus Heights.; Zoned RR‑2, offering potential for one or two homes (buyer to verify).; Elevated setting with potential for surrounding views and privacy.
    (541) 294-2420
    We can help!
    Listing Contact
    Christopher Gederos
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!