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 Market55
Property Features for 190 E 3RD St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-2
View
City, Territorial
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: Sep 28
Last Checked: Oct 10 at 5:06AM
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 / Yr
$23,081
Cap Rate
8.39%
Suggested Prices Based on Cap Rates
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
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 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
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Open Analytics
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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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
