Industrial Flex Building with
For Sale
$1,350,000
155 Kruse Avenue, Coos Bay, OR 97420
Flex industrial building configured as two units, with fenced and gated parking and rear truck loading access.
Property Size14,640 SF
Lot Size1.33 Acres
Price / SF$92.21
Days on Market268
Property Features for 155 Kruse Avenue
General Information
Standard status
Active
Size
14,640 SF
Lot size
1.33 Acres
Property subtype
Commercial
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Business Included
No
Heavy Power
Yes
Building Details
Year Built
1959
Listing Agency:
Coastal Sotheby's International Realty
Listed By:
Juli Whelchel · License #200509355
(541) 217-9485
Source:
Century21northhomes
Added: Feb 4
Changed: Oct 28
Last Checked: Oct 28 at 8:41AM
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 Coastal Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This industrial flex building offers a versatile layout currently configured as two separate units. Each unit includes two ADA-compliant restrooms, and the overall site includes extensive fenced and gated parking suitable for customer parking and equipment or fleet storage. A rear truck loading door supports loading and logistics needs.
The property is located at 155 Kruse Avenue in Coos Bay, close to Highway 101, and across the street from a Fred Meyer gas station. It sits on 1.33 acres across two tax lots.
The building is supported by industrial-commercial zoning and robust 480V three-phase power. Previously operated as a grocery store, the expansive footprint and open layout may support a range of industrial and commercial uses, subject to buyer due diligence to confirm specific requirements.
The property is located at 155 Kruse Avenue in Coos Bay, close to Highway 101, and across the street from a Fred Meyer gas station. It sits on 1.33 acres across two tax lots.
The building is supported by industrial-commercial zoning and robust 480V three-phase power. Previously operated as a grocery store, the expansive footprint and open layout may support a range of industrial and commercial uses, subject to buyer due diligence to confirm specific requirements.
Key Highlights
- Nearly 15,000 SF commercial/industrial building built in 1959 on 1.33 acres across two tax lots
- Configured as two separate units, each with two ADA‑compliant restrooms
- Extensive fenced and gated parking with rear truck loading door; designed for fleet vehicles, equipment storage, or customer parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$120,725
Cap Rate
8.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,414,500
$2.4M
Cap Rate 7%
$1,724,643
$1.7M
Cap Rate 9%
$1,341,389
$1.3M
Market Conditions
NOI Build-Up for 14,640 SF
Gross rent
$193.2K $13.20/SF
− Vacancy
−$7.5K −$0.51/SF
EGI
$185.7K $12.69/SF
− OpEx
−$65.0K −$4.44/SF
NOI
$120.7K $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%
$2,414,500
Cap Rate 7%
$1,724,643
Cap Rate 9%
$1,341,389
Alternative Uses
Best Use
Warehouse
$2.05M
$1.79M – $2.39M
NOI $143,519 @ 7.0% cap · market cap 10.63%
Second Best
Flex RnD
$1.72M
$1.51M – $2.01M
NOI $120,725 @ 7.0% cap · market cap 8.94%
Theoretical Best
Office A
$2.65M
$2.32M – $3.09M
NOI $185,518 @ 7.0% cap · market cap 13.74%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
Yes
Heavy power
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
370
Businesses Nearby
Under-served
Demand for This Use
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Flex industrial building configured as two units, with fenced and gated parking and rear truck loading access.
Where is this flex space located?
The property is located at 155 Kruse Avenue Coos Bay, OR.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Nearly 15,000 SF commercial/industrial building built in 1959 on 1.33 acres across two tax lots; Configured as two separate units, each with two ADA‑compliant restrooms; Extensive fenced and gated parking with rear truck loading door; designed for fleet vehicles, equipment storage, or customer parking
