Building Details

Year built 1978

Floors in Building 1

Building materials Block, MetalFrame, MetalSiding

Roof type Metal, Membrane

Listing Agency: Pacific Coast Real Estate & Development, LLC c***@pcreteam.com Show Phone

Listed By: Joseph Aguirre · License #201012096 Show Phone

Added: Dec 17, 2025 Changed: Oct 8 Last Checked: Oct 9 at 11:06AM

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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.

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 / Yr

$131,412

Cap Rate

8.79%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $168,667 @ 7.0% cap · market cap 11.28%

Second Best

Specialty Retail

$2.37M

$2.08M – $2.77M (±1% cap)

NOI $166,240 @ 7.0% cap · market cap 11.12%

Theoretical Best

Office A

$2.88M

$2.52M – $3.37M (±1% cap)

NOI $201,941 @ 7.0% cap · market cap 13.51%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Spa & Massage Center Dental Office Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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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