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 Market176
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
(877) 319-7625
Source:
Century21northhomes
Added: Mar 22
Changed: Sep 12
Last Checked: Sep 13 at 9:30AM
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
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
$120,725
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
8.94%
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%
$2,414,500
$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
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
$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 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%
$2,414,500
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.
Property Analytics
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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
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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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
