Building Details

Year built 2002

Floors in Building 2

Building materials Concrete, MetalSiding, WoodFrame

Roof type Metal

Listing Agency: Pacific Properties R***@PacificPropertiesTeam.com Show Phone

Listed By: Kimberly Craig · License #201247166 Show Phone

Added: Aug 14, 2025 Changed: Sep 30 Last Checked: Oct 10 at 11:06AM

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MLS# 496564178

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 3,840-square-foot flex building combines a substantial industrial shop with finished commercial space. The shop features 16-foot trusses, a 24-foot roof pitch, oversized roll-up doors, a reinforced concrete slab, engineered scissor trusses, hurricane-rated doors, industrial lighting, and integrated fans. The main level also includes a finished storefront and office area, full bathroom, and laundry. An upstairs 24' x 40' apartment shell is plumbed and wired for a full bath.

The property is in Lakeside, Oregon, near the dunes and lake boating. GC zoning supports the stated commercial setting, while 400-amp electrical service, CAT-5 wiring, extensive interior and exterior lighting, and an 8-camera AI-enabled security system with alarms and motion detection provide substantial built-in infrastructure. A pellet stove provides heating, and the metal roof and concrete, metal siding, and wood-frame construction are documented property features.

Key Highlights

• 3,840‑square‑foot flex building with industrial shop and finished storefront/office space
• GC zoning with finished commercial area, full bathroom, and laundry
• Shop includes 16‑foot trusses, 24‑foot roof pitch, and oversized roll‑up doors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$37,644

Cap Rate

7.53%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$752,880 $752.9K

Cap Rate 7%

$537,771 $537.8K

Cap Rate 9%

$418,267 $418.3K

Market Conditions

NOI Build-Up for 3,840 SF

Gross rent

$46.1K $12.00/SF

− Vacancy

−$1.8K −$0.47/SF

EGI

$44.3K $11.53/SF

− OpEx

−$6.6K −$1.73/SF

NOI

$37.6K $9.80/SF

Area

Coos County, OR

Vacancy

3.89%

Lease Rate

$12.00 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$752,880

Cap Rate 7%

$537,771

Cap Rate 9%

$418,267

Alternative Uses

Best Use

Warehouse

$537.8K

$470.6K – $627.4K (±1% cap)

NOI $37,644 @ 7.0% cap · market cap 7.53%

Second Best

Flex RnD

$452.4K

$395.8K – $527.8K (±1% cap)

NOI $31,666 @ 7.0% cap · market cap 6.33%

Theoretical Best

Office A

$695.1K

$608.3K – $811.0K (±1% cap)

NOI $48,660 @ 7.0% cap · market cap 9.73%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Lakeside Forge & Fabrication Auto Repair Shop

Suggested Use

Top Pick Real Estate Agency Building Supply Hair Salon Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

111

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 97449, OR

2,225

Population

1,537

Households

1.4

Avg Household Size

61

Median Age

17%

College-Educated

94%

High-School Grad

45.2 sq mi

ZIP Area

49

Density / Sq Mi

$55,982

Median Household Income

$30,551

Median Earnings

$1,317

Median Rent

$293,100

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - GC-zoned commercial property with finished customer-facing space, a full bathroom, laundry, and an unfinished upper-level apartment shell.

Where is this flex space located?

The property is located at 100 N 7TH St Lakeside, OR.

What is the asking price?

The asking price for this property is $499,999.

What are key features of this property?

This property features: 3,840‑square‑foot flex building with industrial shop and finished storefront/office space; GC zoning with finished commercial area, full bathroom, and laundry; Shop includes 16‑foot trusses, 24‑foot roof pitch, and oversized roll‑up doors