Building Details

Year built 1918

Floors in Building 2

Building materials Stucco, WoodFrame

Roof type Membrane

Listing Agency: Pacific Properties Show Phone

Listed By: Randy Hoffine · License #200405075 Show Phone

Added: Dec 30, 2025 Changed: Sep 30 Last Checked: Oct 10 at 12:06PM

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MLS# 752056359

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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.

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 / Yr

$89,700

Cap Rate

8.15%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $105,840 @ 7.0% cap · market cap 9.62%

Second Best

Mixed Use

$1.28M

$1.12M – $1.50M (±1% cap)

NOI $89,700 @ 7.0% cap · market cap 8.15%

Theoretical Best

Office A

$1.81M

$1.58M – $2.11M (±1% cap)

NOI $126,720 @ 7.0% cap · market cap 11.52%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Parking Lot & Garage HVAC Service (Bike/Boat/Book/etc) Store Locksmith Pet Grooming Service Florist

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

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

7% 2022

7.8% 2023

8.6% 2024

8.6% 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 mixed-use properties 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?

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