Restaurant Property with
For Sale
$475,000
1030 W Central Blvd, Coquille, OR 97423
Includes a house, apartment, outdoor BBQ area, and extensive paved parking at one commercial property.
Property Size3,420 SF
Price / SF$138.89
Days on Market46
Property Features for 1030 W Central Blvd
General Information
Standard status
Active
Size
3,420 SF
Property subtype
Commercial
Amenities
outdoor BBQ area
Building Details
Year Built
1940
Listing Agency:
River Cities Realty Inc
Listed By:
Patty Otterbach · License #200307225
(541) 297-0797
Source:
Livingoregoncoast
Added: Aug 11
Changed: Sep 21
Last Checked: Sep 24 at 10:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of River Cities Realty Inc
Investment Insights
Based on property information with market context.
The property is a restaurant asset with improvements that include a house, an apartment, an outdoor BBQ area, and a substantial paved parking area. The site previously operated as the Four Seasons restaurant and bar, providing an existing hospitality-oriented configuration.
Located at 1030 W Central Blvd in Coquille, Oregon, the property combines restaurant-related improvements with residential components on one parcel. The range of existing structures and outdoor features supports consideration for continued restaurant use or another use consistent with applicable requirements.
Located at 1030 W Central Blvd in Coquille, Oregon, the property combines restaurant-related improvements with residential components on one parcel. The range of existing structures and outdoor features supports consideration for continued restaurant use or another use consistent with applicable requirements.
Key Highlights
- Former Four Seasons restaurant and bar property
- Includes a house and an apartment
- Outdoor BBQ area included
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
$35,676
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
7.51%
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%
$713,520
$713.5K
Cap Rate 7%
$509,657
$509.7K
Cap Rate 9%
$396,400
$396.4K
Market Conditions
NOI Build-Up for 3,420 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
$49.2K $14.40/SF
− Vacancy
−$1.7K −$0.49/SF
EGI
$47.6K $13.91/SF
− OpEx
−$11.9K −$3.48/SF
NOI
$35.7K $10.43/SF
Area
Coos County, OR
Vacancy
3.41%
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%
$713,520
Cap Rate 7%
$509,657
Cap Rate 9%
$396,400
Alternative Uses
Best Use
Specialty Retail
$509.7K
$446.0K – $594.6K
NOI $35,676 @ 7.0% cap · market cap 7.51%
Second Best
Mixed Use
$438.2K
$383.5K – $511.3K
NOI $30,677 @ 7.0% cap · market cap 6.46%
Theoretical Best
Office A
$619.1K
$541.7K – $722.3K
NOI $43,338 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
237
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Restaurant - Includes a house, apartment, outdoor BBQ area, and extensive paved parking at one commercial property.
Where is this restaurant located?
The property is located at 1030 W Central Blvd Coquille, OR.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Former Four Seasons restaurant and bar property; Includes a house and an apartment; Outdoor BBQ area included
