Corner Retail Building with 10
For Sale
$625,000
1092 Alabama Ave Se, Bandon, OR 97411
Vacant corner retail building with flexible interior, 10 off-street parking spaces, and alley delivery access.
Property Size3,000 SF
Price / SF$208.33
Days on Market364
Property Features for 1092 Alabama Ave Se
General Information
Standard status
Active
Size
3,000 SF
Total Parking Spaces
10
Zoning
C-2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,708
Listing Agency:
eXp Realty, LLC
(888) 814-9613
Listed By:
Virgil Llewellyn · License #200107003
(541) 297-7071
Source:
Exprealty
Added: Oct 22, 2025
Changed: Oct 13
Last Checked: Oct 19 at 12:44PM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,752
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$635,040
$635.0K
Cap Rate 7%
$453,600
$453.6K
Cap Rate 9%
$352,800
$352.8K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$50.4K $16.80/SF
− Vacancy
−$5.0K −$1.68/SF
EGI
$45.4K $15.12/SF
− OpEx
−$13.6K −$4.54/SF
NOI
$31.8K $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 Rate 5%
$635,040
Cap Rate 7%
$453,600
Cap Rate 9%
$352,800
Alternative Uses
Best Use
Retail
$453.6K
$396.9K – $529.2K
NOI $31,752 @ 7.0% cap · market cap 5.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$543.1K
$475.2K – $633.6K
NOI $38,016 @ 7.0% cap · market cap 6.08%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
483
Businesses Nearby
Explore this area
Business Placement
Demographics for 97411, OR
7,572
Population
4,396
Households
1.7
Avg Household Size
59
Median Age
27%
College-Educated
95%
High-School Grad
128.6 sq mi
ZIP Area
59
Density / Sq Mi
$48,476
Median Household Income
$27,375
Median Earnings
$920
Median Rent
$425,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
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 $625,000.
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
