Live-Work Property with Bay
For Sale
$759,000
67552 E BAY Rd, North Bend, OR 97459
CommercialSale, NorthBend, OR
Property Size4,600 SF
Lot Size0.40 Acres
Price / SF$165
Days on Market9
Property Features for 67552 E BAY Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
RC
Directions
Hwy 101 to East Bay Rd to address
Subdivision
_260
Standard status
Active
APN
4192100
Size
4,600 SF
Lot size
0.40 Acres
Taxes and HOA fees
Tax Description
25S1302-BD-02700
Tax Annual Amount
3599
Legal Description
25S1302-BD-02700
Utilities
Heating system
Forced Air, Zoned
Amenities
walk-in cooler room
large deck
bay views
Building Details
Year built
1978
Floors in Building
3
Building materials
BoardBattenSiding, T111Siding
Roof type
Composition
Listing Agency:
Pacific Properties
(541) 269-5263
Listed By:
Randy Hoffine · License #200405075
(541) 260-2651
Added: Sep 1
Changed: Sep 4
Last Checked: Sep 9 at 5:06AM
MLS# 135952732
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 4,600-square-foot live-work property combines a former neighborhood market on the main level with residential space above. The commercial area retains a walk-in cooler room, while the upstairs apartment has three bedrooms, two bathrooms, remodeled interiors, a large deck, and views over the bay. An older mobile home is also located on the property; its flooring and paint remain unfinished. The site encompasses 0.4 acres and is zoned RC. Located at 67552 E BAY Rd in North Bend, the property is surrounded by residences and sits near the Oregon Dunes. Construction includes board-and-batten and T1-11 siding, with zoned forced-air heating and a composition roof. Buyer to verify zoning, permitted uses, and development options.
Key Highlights
- 4,600‑square‑foot live‑work property on 0.4 acres
- Main level includes former market space and a walk‑in cooler room
- Upstairs apartment has 3 bedrooms, 2 bathrooms, remodeled interiors, and a large deck
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
$48,686
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
6.41%
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%
$973,720
$973.7K
Cap Rate 7%
$695,514
$695.5K
Cap Rate 9%
$540,956
$541.0K
Market Conditions
NOI Build-Up for 4,600 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
$77.3K $16.80/SF
− Vacancy
−$7.7K −$1.68/SF
EGI
$69.6K $15.12/SF
− OpEx
−$20.9K −$4.54/SF
NOI
$48.7K $10.58/SF
Area
Coos County, OR
Vacancy
10.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
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%
$973,720
Cap Rate 7%
$695,514
Cap Rate 9%
$540,956
Alternative Uses
Best Use
Retail
$695.5K
$608.6K – $811.4K
NOI $48,686 @ 7.0% cap · market cap 6.41%
Second Best
Specialty Retail
$685.5K
$599.8K – $799.8K
NOI $47,986 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$832.7K
$728.6K – $971.5K
NOI $58,291 @ 7.0% cap · market cap 7.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
Explore this area
Business Placement
Demographics for 97459, OR
14,932
Population
6,856
Households
2.2
Avg Household Size
46
Median Age
29%
College-Educated
93%
High-School Grad
109.3 sq mi
ZIP Area
137
Density / Sq Mi
$79,679
Median Household Income
$39,665
Median Earnings
$1,066
Median Rent
$349,700
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Live-work space - Mixed-use building with commercial space and an upstairs remodeled apartment.
Where is this live-work space located?
The property is located at 67552 E BAY Rd North Bend, OR.
What is the asking price?
The asking price for this property is $759,000.
What are key features of this property?
This property features: 4,600‑square‑foot live‑work property on 0.4 acres; Main level includes former market space and a walk‑in cooler room; Upstairs apartment has 3 bedrooms, 2 bathrooms, remodeled interiors, and a large deck
