Corner Retail Building with 10
1092 Alabama Ave Se Bandon, OR 97411
1092 Alabama Ave Se, Bandon, OR, 97411
$649,000
Pending
For Sale
$649,000
Pending
Vacant corner retail building with flexible interior, 10 off-street parking spaces, and alley delivery access.
Property Size3,000 SF
Days on Market274
Property Features for 1092 Alabama Ave Se
General Information
- Standard status
- Pending
- Size
- 3,000 SF
Listing agency
eXp Realty, LLC
(541) 297-7071
Listed by
Virgil Llewellyn · License #200107003
(541) 297-7071
Source
Exprealty
Added: Oct 22, 2025 Updated: Jul 21 at 12:18AM Checked: Jul 21 at 11:06PM
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
This vacant 3,000-square-foot corner retail building at 1092 Alabama Ave SE offers a wide-open, flexible floor plan with a bathroom and a spacious storage room. Recent upgrades include a new membrane roof, resurfaced parking lot, updated drywall ceiling, and exterior improvements such as a mansard-style façade and hand-painted murals.
The property sits on a C-2 zoned site and includes 10 off-street parking spaces. Alley access and a delivery door support straightforward logistics. There is also noted opportunity for future expansion on the north side of the building.
Conveniently located near Highway 101, the building is described as being close to major banks, salons, medical facilities, the local post office, grocery stores, and other established businesses, supporting a variety of retail, office, service, or mixed-use concepts consistent with C-2 zoning.
The property sits on a C-2 zoned site and includes 10 off-street parking spaces. Alley access and a delivery door support straightforward logistics. There is also noted opportunity for future expansion on the north side of the building.
Conveniently located near Highway 101, the building is described as being close to major banks, salons, medical facilities, the local post office, grocery stores, and other established businesses, supporting a variety of retail, office, service, or mixed-use concepts consistent with C-2 zoning.
Key Highlights
- 3,000 SF vacant commercial building on a prominent corner lot at 1092 Alabama Ave SE
- C‑2 zoning allows a wide variety of retail, office, service, or mixed‑use concepts
- 10 off‑street parking spaces plus a resurfaced parking lot
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.4k | $16.80 |
| − Vacancy | −$5.0k | −$1.68 |
| EGI | $45.4k | $15.12 |
| − OpEx | −$13.6k | −$4.54 |
| NOI | $31.8k | $10.58 |
3,000 SF · lease $16.80/SF/yr · vacancy 10.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$453.6K
$396.9K – $529.2K
NOI $31,752 @ 7.0% cap · market cap 4.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$543.1K
$475.2K – $633.6K
NOI $38,016 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Vacant corner retail building with flexible interior, 10 off-street parking spaces, and alley delivery access.
Where is this retail space located?
The property is located at 1092 Alabama Ave Se Bandon, OR.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: 3,000 SF vacant commercial building on a prominent corner lot at 1092 Alabama Ave SE; C‑2 zoning allows a wide variety of retail, office, service, or mixed‑use concepts; 10 off‑street parking spaces plus a resurfaced parking lot
