Building Details

Building Size 2,100 SF

Year Built 1962

Buildings 1

Stories 1

Listing Agency: Pacific Properties

Listed By: Sheri Edwards · License #200601424 Show Phone

Source: Duanejohnson

Added: Oct 22 Changed: Oct 25 Last Checked: Oct 23 at 12:04PM

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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 Pacific Properties

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Investment Insights

Based on property information with market context.

This medical office property occupies a 0.85-acre parcel and includes a flexible interior layout, on-site parking, and outdoor space. The building was constructed in 1962 and previously served as a veterinary office. Its LI zoning is also a relevant consideration for evaluating the property.

The site fronts Highway 42 near Myrtle Point. Outdoor space and parking provide additional property features alongside the building’s interior area.

Key Highlights

• 0.85‑acre parcel with a medical office building
• Frontage on Highway 42 near Myrtle Point
• LI zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$20,832

Cap Rate

3.31%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$416,640 $416.6K

Cap Rate 7%

$297,600 $297.6K

Cap Rate 9%

$231,467 $231.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,100 SF

Gross rent

$37.8K $18.00/SF

− Vacancy

−$3.1K −$1.47/SF

EGI

$34.7K $16.53/SF

− OpEx

−$13.9K −$6.61/SF

NOI

$20.8K $9.92/SF

Area

Coos County, OR

Vacancy

8.15%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

40.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$416,640

Cap Rate 7%

$297,600

Cap Rate 9%

$231,467

Alternative Uses

Best Use

Healthcare Medical

$297.6K

$260.4K – $347.2K (±1% cap)

NOI $20,832 @ 7.0% cap · market cap 3.31%

Second Best

Office B

$278.6K

$243.8K – $325.1K (±1% cap)

NOI $19,505 @ 7.0% cap · market cap 3.10%

Theoretical Best

Office A

$380.2K

$332.6K – $443.5K (±1% cap)

NOI $26,611 @ 7.0% cap · market cap 4.22%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Myrtle Veterinary Hospital Veterinary Clinic

Suggested Use

Top Pick Real Estate Agency Dental Office Restaurant Hair Salon Auto Repair Shop Spa & Massage Center

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

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

50

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 97458, OR

4,729

Population

2,376

Households

2

Avg Household Size

50

Median Age

13%

College-Educated

90%

High-School Grad

360.9 sq mi

ZIP Area

13

Density / Sq Mi

$51,703

Median Household Income

$41,406

Median Earnings

$800

Median Rent

$251,400

Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Similar Off Market Nearby

• Myrtle Veterinary Hospital — 1980 Roseburg Rd, Myrtle Point, OR 97458

Frequently Asked Questions

What type of property is this?

Medical Office Space - On-site parking and an outdoor area complement the building’s flexible layout.

Where is this medical office space located?

The property is located at 1980 Roseburg Rd Myrtle Point, OR.

What is the asking price?

The asking price for this property is $630,000.

What are key features of this property?

This property features: 0.85‑acre parcel with a medical office building; Frontage on Highway 42 near Myrtle Point; LI zoning