TJ Maxx NNN Retail
For Sale
$7,900,000
1233 Teakwood Ave, Coos Bay, OR 97420
Newly constructed net-leased retail building within Teakwood Plaza, zoned I-C and positioned alongside established co-tenants.
Property Size22,166 SF
Days on Market63
Property Features for 1233 Teakwood Ave
General Information
Standard status
Active
Size
22,166 SF
Property subtype
Commercial
Zoning
I-C
Taxes and HOA fees
Annual Taxes
$8,760
Building Details
Building Size
22,166 SF
Year Built
2026
Listing Agency:
Pacific Properties
(541) 290-9597
Listed By:
Joel Sweet · License #201214598
(541) 290-9597
Source:
Metanars
Added: Jun 29
Changed: Aug 29
Last Checked: Aug 29 at 2:45PM
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
Investment Insights
Based on property information with market context.
This 22,500-square-foot retail building was constructed in 2026 and is occupied by TJ Maxx. The property is identified as an NNN asset and carries I-C zoning, providing a defined commercial-use framework within Teakwood Plaza.
The building is located at 1233 Teakwood Ave in Coos Bay, Oregon, along U.S. Highway 101. It has frontage in both travel directions and recorded traffic counts exceeding 27,200 vehicles per day. Planet Fitness and Tru Furniture are situated alongside the property within the plaza, adding established retail and commercial co-tenancy to the setting.
The building is located at 1233 Teakwood Ave in Coos Bay, Oregon, along U.S. Highway 101. It has frontage in both travel directions and recorded traffic counts exceeding 27,200 vehicles per day. Planet Fitness and Tru Furniture are situated alongside the property within the plaza, adding established retail and commercial co-tenancy to the setting.
Key Highlights
- 22,500‑square‑foot building constructed in 2026
- Occupied by TJ Maxx
- NNN property with I‑C zoning
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
$234,605
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
2.97%
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%
$4,692,100
$4.7M
Cap Rate 7%
$3,351,500
$3.4M
Cap Rate 9%
$2,606,722
$2.6M
Market Conditions
NOI Build-Up for 22,166 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
$372.4K $16.80/SF
− Vacancy
−$37.2K −$1.68/SF
EGI
$335.1K $15.12/SF
− OpEx
−$100.5K −$4.54/SF
NOI
$234.6K $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 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%
$4,692,100
Cap Rate 7%
$3,351,500
Cap Rate 9%
$2,606,722
Alternative Uses
Best Use
Retail
$3.35M
$2.93M – $3.91M
NOI $234,605 @ 7.0% cap · market cap 2.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.01M
$3.51M – $4.68M
NOI $280,888 @ 7.0% cap · market cap 3.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
650
Businesses Nearby
14k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 62%
Shops & Services 32%
Electronics 6%
Hardware Express
Home Improvements & Furnishings
8,612 visits/mo
0.4 miles
Coos Bay Toyota
Shops & Services
3,038 visits/mo
0.4 miles
Umpqua Bank
Shops & Services
1,358 visits/mo
0.4 miles
U.S. Cellular
Electronics
784 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?
NNN property - Newly constructed net-leased retail building within Teakwood Plaza, zoned I-C and positioned alongside established co-tenants.
Where is this nnn property located?
The property is located at 1233 Teakwood Ave Coos Bay, OR.
What is the asking price?
The asking price for this property is $7,900,000.
What are key features of this property?
This property features: 22,500‑square‑foot building constructed in 2026; Occupied by TJ Maxx; NNN property with I‑C zoning
