Steel-Framed Flex
For Sale
$1,495,000
1385 Newmark Ave, Coos Bay, OR 97420
Vacant commercial building with office, breakroom, storage, and receiving dock.
Property Size15,936 SF
Days on Market256
Property Features for 1385 Newmark Ave
General Information
Standard status
Active
Size
15,936 SF
Property subtype
Commercial
Zoning
C
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$15,717
Amenities
breakroom
Building Details
Building Size
15,936 SF
Year Built
1978
Buildings
1
Stories
1
Construction
steel frame
Listing Agency:
Pacific Coast Real Estate & Development, LLC
(541) 808-3297
Listed By:
Joseph Aguirre · License #201012096
(541) 808-3297
Source:
Metanars
Added: Dec 17, 2025
Changed: Aug 30
Last Checked: Aug 30 at 4:16AM
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 Coast Real Estate & Development, LLC
Investment Insights
Based on property information with market context.
Built in 1978, this vacant flex property combines warehouse and retail functionality within a steel-framed commercial building. The interior features an open arrangement with high ceilings, along with a small office, breakroom, storage area, and receiving dock.
Exterior improvements include a parking lot, landscaping, and prominent signage. The property is positioned on Newmark Ave in Coos Bay along an arterial roadway and carries C zoning, providing a practical setting for an owner-user seeking combined retail and warehouse space.
Exterior improvements include a parking lot, landscaping, and prominent signage. The property is positioned on Newmark Ave in Coos Bay along an arterial roadway and carries C zoning, providing a practical setting for an owner-user seeking combined retail and warehouse space.
Key Highlights
- Steel‑framed flex property built in 1978
- Vacant space suitable for an owner‑user
- Open interior with high ceilings
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
$131,412
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
8.79%
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%
$2,628,240
$2.6M
Cap Rate 7%
$1,877,314
$1.9M
Cap Rate 9%
$1,460,133
$1.5M
Market Conditions
NOI Build-Up for 15,936 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
$210.4K $13.20/SF
− Vacancy
−$8.2K −$0.51/SF
EGI
$202.2K $12.69/SF
− OpEx
−$70.8K −$4.44/SF
NOI
$131.4K $8.25/SF
Area
Coos County, OR
Vacancy
3.89%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
35.00%
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%
$2,628,240
Cap Rate 7%
$1,877,314
Cap Rate 9%
$1,460,133
Alternative Uses
Best Use
Retail
$2.41M
$2.11M – $2.81M
NOI $168,667 @ 7.0% cap · market cap 11.28%
Second Best
Warehouse
$2.23M
$1.95M – $2.60M
NOI $156,224 @ 7.0% cap · market cap 10.45%
Theoretical Best
Office A
$2.88M
$2.52M – $3.37M
NOI $201,941 @ 7.0% cap · market cap 13.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
258
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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 Industrial 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?
Flex space - Vacant commercial building with office, breakroom, storage, and receiving dock.
Where is this flex space located?
The property is located at 1385 Newmark Ave Coos Bay, OR.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Steel‑framed flex property built in 1978; Vacant space suitable for an owner‑user; Open interior with high ceilings
