Sign Up Successful!
You now have access to more from Realmo!
    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

    Sherman Ave Coos Bay, OR 97420

    Sponsored
    For Sale
    $180,000

    LAND - CoosBay, OR

    Lot size:
    8.78 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 20 at 5:06 am

    Property Features for Sherman Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    97420
    APN
    4822900
    Lot size
    8.78 Acres

    We can help!

    Listing Contact
    Shai Cancino

    Pacific Properties (541) 269-5263

    Listing agent Shai Cancino (541) 269-5263

    Listing date Feb 19, 2026

    MLS# 490119551 Listing URL

    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.

    Learn more

    Overview

    Coos Bay Land Opportunity

    This property features approximately 9 acres comprised of six separate tax lots, presenting a development or long-term investment opportunity. Situated in a wooded setting just outside of town, the location offers privacy while maintaining convenient access to local amenities. The area will require the installation of well and septic systems. Potential access may be available from the north via E Maine Street and from the south via View Crest Lane. Buyers are encouraged to perform their own due diligence regarding access, utilities, and development potential. The property is located in Coos Bay, Oregon, with a zoning of 97420.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Coos Bay
    County
    Coos
    State
    Oregon
    Longitude
    -124.214243
    Latitude
    43.345364

    Nearby Similar for Sale

    • New
      $345,000
      428 SF

      Updated Craftsman with Bay Views

      Charming 2-bedroom home with ADU and bay views.
      884 S 7Th St, Coos Bay, OR 97420
      View Details
    • New
      $629,000
      0.19 Acres

      Remodeled Duplex with Bay Views

      Remodeled duplex in Telegraph Hill with bay views.
      546 W Fir Ave, Coos Bay, OR 97420
      View Details
    • $1,100,000

      Waterfront Industrial Property with Expansion Potential

      Large industrial site with waterfront access and expansion possibilities.
      93761 Hackett Ln, Coos Bay, OR 97420
      View Details
    • $1,595,000

      Hall Building: Downtown Coos Bay

      Iconic five-story commercial building in downtown Coos Bay.
      340 Central Ave, Coos Bay, OR 97420
      View Details
    • $2,700,000
      18,393 SF

      Coos Bay Self-Storage Investment

      Fully occupied self-storage in Coos Bay with high occupancy levels.
      1785 Ocean Blvd NW, Coos Bay, OR 97420
      View Details
    • $854,000

      Bay Area Athletic Club Investment

      25,000+ sq ft athletic facility in Coos Bay, Oregon.
      985 Newmark Ave, Coos Bay, OR 97420
      View Details
    • $375,000

      Charming Home with Modern Comfort

      2-bed, 2-bath home with updated kitchen and oversized garage.
      63586 Isthmus Heights Rd, Coos Bay, OR 97420
      View Details
    • $599,000

      Commercial Building in Excellent Location

      Expansive retail/office space with recent updates and diverse uses.
      181 Anderson Ave, Coos Bay, OR 97420
      View Details
    • $475,000

      Downtown Coos Bay Office Building

      Modern office building with potential live-work conversion in downtown Coos Bay.
      137 Hall Ave, Coos Bay, OR 97420
      View Details
    • Contact for pricing

      Downtown Coos Bay Office Building

      One-story office building with recent renovations and C1 zoning.
      Coos Bay, OR 97420
      View Details
    • $235,000
      1,188 SF

      Well-Kept 3 Bedroom Home

      Clean, comfortable 3-bedroom, 2-bathroom home with new roof.
      63604 Centennial Rd, Coos Bay, OR 97420
      View Details
    • $425,000
      10,000 SF

      Downtown Coos Bay Mixed-Use Building

      10,000 SF, Vacant, High-Traffic Location
      161 Anderson Ave, Coos Bay, OR 97420
      View Details

    FAQs

    What type of property is this?
    Land - Approximately 9 acres for development or investment in Coos Bay.
    Where is this land located?
    The property is located at Sherman Ave Coos Bay, OR.
    What is the asking price?
    The asking price for this property is $180,000.
    What are key features of this property?
    This property features: - Approximately 9 acres comprised of six separate tax lots.; - Opportunity for future development or long-term investment.; - Peaceful, wooded setting providing a sense of privacy.
    (541) 269-5263
    Request Owner's contact information
    Sherman Ave Coos Bay, OR 97420
    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.
    Sherman Ave
    Coos Bay, OR 97420
    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
    Sherman Ave Coos Bay, OR 97420
    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

    We can help!
    Listing Contact
    Shai Cancino
    (541) 269-5263 (541) 217-7521
    Learn more
    Google sign-in failed. Please try again or use another login method.