Drive-Through
For Sale
$499,000
1175 Newmark Ave, Coos Bay, OR 97420
The leased restaurant includes customer parking on both sides of the building.
Property Size2,700 SF
Price / SF$184.81
Days on Market9
Property Features for 1175 Newmark Ave
General Information
Standard status
Active
Size
2,700 SF
Property subtype
Commercial
Zoning
C2
Additional Details
Opportunity Zone
Yes
Drive-Thru
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$4,907
Building Details
Building Size
2,700 SF
Year Built
1963
Buildings
1
Stories
1
Listing Agency:
Pacific Properties
Listed By:
Cheyenne Arbuckle · License #201235594
(541) 404-3592
Source:
Duanejohnson
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 29 at 7:24PM
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 Pacific Properties
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 1175 Newmark Ave in Coos Bay, this 2,700-square-foot restaurant property includes a drive-through and parking at the front and rear. The building dates to 1963 and is zoned C2.
The property is currently leased and sits just off Newmark Ave.
The property is currently leased and sits just off Newmark Ave.
Key Highlights
- 2,700‑square‑foot restaurant property
- Drive‑through service window
- Parking at both the front and rear
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,166
Cap Rate
5.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$563,320
$563.3K
Cap Rate 7%
$402,371
$402.4K
Cap Rate 9%
$312,956
$313.0K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$38.9K $14.40/SF
− Vacancy
−$1.3K −$0.49/SF
EGI
$37.6K $13.91/SF
− OpEx
−$9.4K −$3.48/SF
NOI
$28.2K $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 Rate 5%
$563,320
Cap Rate 7%
$402,371
Cap Rate 9%
$312,956
Alternative Uses
Best Use
Specialty Retail
$402.4K
$352.1K – $469.4K
NOI $28,166 @ 7.0% cap · market cap 5.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$488.8K
$427.7K – $570.2K
NOI $34,214 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
267
Businesses Nearby
43k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 45%
Groceries 26%
Dining 26%
Home Improvements & Furnishings 3%
Grocery Outlet Bargain Market
Groceries
11,158 visits/mo
0.2 miles
Chevron
Shops & Services
9,602 visits/mo
0.2 miles
Taco Bell
Dining
8,705 visits/mo
0.3 miles
7-Eleven
Shops & Services
8,588 visits/mo
0.1 miles
SUBWAY
Dining
2,157 visits/mo
0.3 miles
Demographics for 97420, OR
27,454
Population
12,967
Households
2.1
Avg Household Size
46
Median Age
19%
College-Educated
89%
High-School Grad
273.9 sq mi
ZIP Area
100
Density / Sq Mi
$61,624
Median Household Income
$35,536
Median Earnings
$982
Median Rent
$282,300
Median Home Value
Check the figures for this property
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?
Drive through restaurant - The leased restaurant includes customer parking on both sides of the building.
Where is this drive through restaurant located?
The property is located at 1175 Newmark Ave Coos Bay, OR.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 2,700‑square‑foot restaurant property; Drive‑through service window; Parking at both the front and rear
