Mixed-Use Building with Rooftop
For Sale
$1,100,000
171 S BROADWAY St, Coos Bay, OR 97420
CommercialSale, CoosBay, OR
Property Size10,000 SF
Lot Size0.17 Acres
Price / SF$110
Days on Market239
Property Features for 171 S BROADWAY St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-1
View
City
Directions
corner of Hwy 101 and Anderson
Subdivision
_260
Standard status
Active
APN
7116600
Size
10,000 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Description
25S 13 26CD TL 4500
Tax Annual Amount
6125
Legal Description
25S 13 26CD TL 4500
Utilities
Heating system
Forced Air
Building Details
Year built
1918
Floors in Building
2
Building materials
Stucco, WoodFrame
Roof type
Membrane
Listing Agency:
Pacific Properties
(541) 269-5263
Listed By:
Randy Hoffine · License #200405075
(541) 260-2651
Added: Dec 30, 2025
Changed: Aug 25
Last Checked: Aug 26 at 4:06AM
MLS# 752056359
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 10,000-square-foot mixed-use building at 171 S BROADWAY St combines two street-level commercial tenant spaces with an upper-level residential apartment. The apartment has been remodeled and is offered fully furnished, with private rooftop access and bay views. The building was constructed in 1918 and features stucco and wood-frame construction, forced-air heating, and a membrane roof.
Located in CoosBay’s Broadway corridor, the property places commercial and residential uses within a single building. The 0.17-acre site carries C-1 zoning and is identified by postal code 97420 in Coos County, Oregon.
Located in CoosBay’s Broadway corridor, the property places commercial and residential uses within a single building. The 0.17-acre site carries C-1 zoning and is identified by postal code 97420 in Coos County, Oregon.
Key Highlights
- 10,000 square feet of mixed‑use building area
- Two established commercial tenants at street level
- Remodeled, fully furnished residential apartment above
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
$89,700
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
8.15%
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%
$1,794,000
$1.8M
Cap Rate 7%
$1,281,429
$1.3M
Cap Rate 9%
$996,667
$996.7K
Market Conditions
NOI Build-Up for 10,000 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
$156.0K $15.60/SF
− Vacancy
−$12.5K −$1.25/SF
EGI
$143.5K $14.35/SF
− OpEx
−$53.8K −$5.38/SF
NOI
$89.7K $8.97/SF
Area
Coos County, OR
Vacancy
8.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
37.50%
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%
$1,794,000
Cap Rate 7%
$1,281,429
Cap Rate 9%
$996,667
Alternative Uses
Best Use
Retail
$1.51M
$1.32M – $1.76M
NOI $105,840 @ 7.0% cap · market cap 9.62%
Second Best
Mixed Use
$1.28M
$1.12M – $1.50M
NOI $89,700 @ 7.0% cap · market cap 8.15%
Theoretical Best
Office A
$1.81M
$1.58M – $2.11M
NOI $126,720 @ 7.0% cap · market cap 11.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
911
Businesses Nearby
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 Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - C-1 property combines street-level commercial space with a furnished residential apartment.
Where is this mixed-use property located?
The property is located at 171 S BROADWAY St Coos Bay, OR.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 10,000 square feet of mixed‑use building area; Two established commercial tenants at street level; Remodeled, fully furnished residential apartment above
