Flex Space with Receiving
For Sale
$1,495,000
1385 NEWMARK Ave, Coos Bay, OR 97420
CommercialSale, CoosBay, OR
Property Size15,936 SF
Lot Size1.28 Acres
Price / SF$93.81
Days on Market251
Property Features for 1385 NEWMARK Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C
View
City
Directions
Newmark to Address
Subdivision
_260
Standard status
Active
APN
344700
Size
15,936 SF
Lot size
1.28 Acres
Taxes and HOA fees
Tax Description
25S1320 AC-TL500
Tax Annual Amount
15718
Legal Description
25S1320 AC-TL500
Utilities
Heating system
Zoned
Amenities
breakroom
Building Details
Year built
1978
Floors in Building
1
Building materials
Block, MetalFrame, MetalSiding
Roof type
Membrane, Metal
Listing Agency:
Pacific Coast Real Estate & Development, LLC
(541) 808-3297
Listed By:
Joseph Aguirre · License #201214598
(541) 808-3297
Added: Dec 17, 2025
Changed: Aug 25
Last Checked: Aug 25 at 7:06AM
MLS# 386553157
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 15,936-square-foot flex property was built in 1978 and sits on 1.28 acres. The metal-framed facility provides an open interior with high ceilings, supported by a small office, breakroom, storage area, and receiving dock. Block and metal-siding construction, along with membrane and metal roofing, contribute to the building’s functional commercial design. Zoned C, the property is currently vacant and includes a spacious parking area, landscaping, and prominent exterior signage.
Located at 1385 Newmark Ave in Coos Bay, the property fronts a major arterial road and offers exposure along an established commercial route. Zoned heating serves the building, providing an existing mechanical feature for future occupancy. The combination of open warehouse-oriented space and retail configuration supports flexible commercial use within the existing improvements.
Located at 1385 Newmark Ave in Coos Bay, the property fronts a major arterial road and offers exposure along an established commercial route. Zoned heating serves the building, providing an existing mechanical feature for future occupancy. The combination of open warehouse-oriented space and retail configuration supports flexible commercial use within the existing improvements.
Key Highlights
- 15,936 square feet on 1.28 acres
- Receiving dock with rear storage area
- 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
Specialty Retail
$2.37M
$2.08M – $2.77M
NOI $166,240 @ 7.0% cap · market cap 11.12%
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 facility with open interiors, office support areas, and on-site parking.
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: 15,936 square feet on 1.28 acres; Receiving dock with rear storage area; Open interior with high ceilings
