NNN Retail
For Sale
$7,900,000
1233 TEAKWOOD Ave, Coos Bay, OR 97420
CommercialSale, CoosBay, OR
Property Size22,166 SF
Lot Size1.27 Acres
Price / SF$356.40
Days on Market58
Property Features for 1233 TEAKWOOD Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning
I-C
View
River
Directions
Hwy 101 to Bayshore Dr, to Teakwood to Address
Subdivision
_260
Standard status
Active
APN
6788201
Size
22,166 SF
Lot size
1.27 Acres
Taxes and HOA fees
Tax Description
25S-13W-22DD 601
Tax Annual Amount
8761
Legal Description
25S-13W-22DD 601
Utilities
Heating system
Heat Pump (Heating), Forced Air
Cooling system
Heat Pump
Building Details
Year built
2026
Building materials
CementSiding, Concrete, MetalSiding
Roof type
Rubber
Listing Agency:
Pacific Properties
(541) 269-5263
Listed By:
Joel Sweet · License #201214598
(541) 290-9597
Added: Jun 29
Changed: Aug 25
Last Checked: Aug 25 at 6:06AM
MLS# 334964716
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 NNN retail property is an under-construction commercial building planned within Teakwood Plaza in Coos Bay, Oregon. The structure measures 22,166 square feet on a 1.27-acre site and is designed with concrete, cement siding, and metal siding. Construction is scheduled for 2026, with a rubber roof, heat-pump heating and cooling, and forced-air heating also identified.
The property is positioned along U.S. Highway 101 within an established retail setting. Teakwood Plaza includes Planet Fitness and Tru Furniture, while the highway frontage records traffic counts exceeding 27,200 vehicles per day. The site is zoned I-C and is located at 1233 Teakwood Ave in Coos Bay.
The property is positioned along U.S. Highway 101 within an established retail setting. Teakwood Plaza includes Planet Fitness and Tru Furniture, while the highway frontage records traffic counts exceeding 27,200 vehicles per day. The site is zoned I-C and is located at 1233 Teakwood Ave in Coos Bay.
Key Highlights
- 22,166‑square‑foot commercial building on a 1.27‑acre site
- Under construction with a 2026 year built
- Positioned along U.S. Highway 101 in Teakwood Plaza
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
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
254
Businesses Nearby
21k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 40%
Shops & Services 40%
Hotels & Casinos 10%
Dining 6%
Hardware Express
Home Improvements & Furnishings
8,612 visits/mo
0.1 miles
76
Shops & Services
5,458 visits/mo
0.4 miles
Coos Bay Toyota
Shops & Services
3,038 visits/mo
0.2 miles
Motel 6
Hotels & Casinos
2,138 visits/mo
0.5 miles
Krispy Krunchy Chicken
Dining
1,285 visits/mo
0.4 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - Under-construction commercial building with highway frontage and I-C zoning in an established retail plaza.
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: 22,166‑square‑foot commercial building on a 1.27‑acre site; Under construction with a 2026 year built; Positioned along U.S. Highway 101 in Teakwood Plaza
