Industrial Flex Building with
155 Kruse Avenue Coos Bay, OR 97420
For Sale
$1,350,000
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 Market84
Property Features for 155 Kruse Avenue
General Information
Standard status
Active
Size
14,640 SF
Lot size
1.33 Acres
Property subtype
Commercial
Building Details
Year Built
1959
Listing Agency:
Coastal Sotheby's International Realty
Listed By:
Juli Whelchel
(877) 319-7625
Source:
Century21northhomes
Added: May 8
Changed: Jul 28
Last Checked: Jul 29 at 5:06PM
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
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 For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $193.2k | $13.20 |
| − Vacancy | −$7.5k | −$0.51 |
| EGI | $185.7k | $12.69 |
| − OpEx | −$65.0k | −$4.44 |
| NOI | $120.7k | $8.25 |
14,640 SF · lease $13.20/SF/yr · vacancy 3.89% · expense 35.00%
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.
Property Analytics
Location Intelligence
Current Use
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
