C-2 Mixed-Use
For Sale
$275,000
190 E 3RD St, Coquille, OR 97423
CommercialSale, Coquille, OR
Property Size2,485 SF
Lot Size0.06 Acres
Price / SF$110.66
Days on Market10
Property Features for 190 E 3RD St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-2
View
Territorial, City
Directions
Hwy 42 to Coquille, Adams to 3rd, right to address on left on corner.
Subdivision
_260
Standard status
Active
APN
3291500
Size
2,485 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Description
28S-13W-01AB-TL12100
Tax Annual Amount
1669
Legal Description
28S-13W-01AB-TL12100
Building Details
Year built
1921
Floors in Building
2
Building materials
Block, Stucco
Roof type
Composition, Flat
Listing Agency:
Johnson Group Real Estate, LLC
(541) 559-0111
Listed By:
Cynthia Johnson · License #900900210
(541) 297-2823
Added: Aug 17
Changed: Aug 18
Last Checked: Aug 26 at 2:06AM
MLS# 718629602
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 mixed-use property combines a residence with an attached commercial area under C-2 zoning. The home includes three bedrooms and one and a half baths, while the adjoining business space was formerly operated as a locksmith shop. The residence is undergoing updates, with most of the work completed and finishing materials available on site.
Built in 1921, the 2,485-square-foot property occupies a 0.06-acre parcel at 190 E 3RD St in Coquille, Oregon. Block and stucco construction, along with composition and flat roofing, are among the recorded physical features. The combined residential and commercial layout supports a live-work configuration within the city.
Built in 1921, the 2,485-square-foot property occupies a 0.06-acre parcel at 190 E 3RD St in Coquille, Oregon. Block and stucco construction, along with composition and flat roofing, are among the recorded physical features. The combined residential and commercial layout supports a live-work configuration within the city.
Key Highlights
- C‑2 zoning supports the property’s mixed‑use configuration
- 2,485‑square‑foot property on a 0.06‑acre parcel
- Three‑bedroom, 1.5‑bath residence with attached commercial space
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
$23,081
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
8.39%
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%
$461,620
$461.6K
Cap Rate 7%
$329,729
$329.7K
Cap Rate 9%
$256,456
$256.5K
Market Conditions
NOI Build-Up for 2,485 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
$35.8K $14.40/SF
− Vacancy
−$5.0K −$2.02/SF
EGI
$30.8K $12.38/SF
− OpEx
−$7.7K −$3.10/SF
NOI
$23.1K $9.29/SF
Area
Coos County, OR
Vacancy
14.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
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%
$461,620
Cap Rate 7%
$329,729
Cap Rate 9%
$256,456
Alternative Uses
Best Use
Office B
$329.7K
$288.5K – $384.7K
NOI $23,081 @ 7.0% cap · market cap 8.39%
Second Best
Mixed Use
$318.4K
$278.6K – $371.5K
NOI $22,290 @ 7.0% cap · market cap 8.11%
Theoretical Best
Office A
$449.9K
$393.6K – $524.8K
NOI $31,490 @ 7.0% cap · market cap 11.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
382
Businesses Nearby
Explore this area
Business Placement
Demographics for 97423, OR
6,986
Population
2,835
Households
2.5
Avg Household Size
49
Median Age
19%
College-Educated
91%
High-School Grad
126.6 sq mi
ZIP Area
55
Density / Sq Mi
$57,665
Median Household Income
$36,250
Median Earnings
$1,150
Median Rent
$266,200
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Attached commercial space accompanies a three-bedroom, one-and-a-half-bath residence.
Where is this mixed-use property located?
The property is located at 190 E 3RD St Coquille, OR.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: C‑2 zoning supports the property’s mixed‑use configuration; 2,485‑square‑foot property on a 0.06‑acre parcel; Three‑bedroom, 1.5‑bath residence with attached commercial space
