Drive-Through Restaurant
For Sale
$499,000
1175 NEWMARK Ave, Coos Bay, OR 97420
CommercialSale, CoosBay, OR
Property Size2,700 SF
Lot Size0.61 Acres
Price / SF$184.81
Days on Market92
Property Features for 1175 NEWMARK Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C2
View
City
Directions
Newmark to address
Subdivision
_260
Standard status
Active
APN
345300
Size
2,700 SF
Lot size
0.61 Acres
Taxes and HOA fees
Tax Description
25s1320-ac-02400
Tax Annual Amount
4907
Legal Description
25s1320-ac-02400
Utilities
Heating system
Zoned
Building Details
Year built
1963
Floors in Building
1
Building materials
WoodSiding
Roof type
Rubber, Flat
Listing Agency:
Pacific Properties
(541) 269-5263
Listed By:
Cheyenne Arbuckle · License #201235594
(541) 404-3592
Added: May 26
Changed: Aug 25
Last Checked: Aug 25 at 6:06AM
MLS# 375860837
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 2,700-square-foot restaurant property includes a drive-through and parking areas positioned at both the front and rear of the building. Constructed in 1963, the building has wood siding, zoned heating, and a flat rubber roof. The property is situated on 0.61 acres and is currently leased.
Located near Newmark Avenue in Coos Bay, the site offers access from a primary roadway and is within an opportunity zone. C2 zoning supports the property’s commercial restaurant classification.
Located near Newmark Avenue in Coos Bay, the site offers access from a primary roadway and is within an opportunity zone. C2 zoning supports the property’s commercial restaurant classification.
Key Highlights
- 2,700‑square‑foot restaurant building on 0.61 acres
- Drive‑through configuration with parking at the front and rear
- Currently leased restaurant property
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
$28,166
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
5.64%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Leased restaurant building with dedicated customer parking and roadway exposure near Newmark Avenue.
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 building on 0.61 acres; Drive‑through configuration with parking at the front and rear; Currently leased restaurant property
