Medical Office with Outdoor
For Sale
$630,000
1980 ROSEBURG Rd, Myrtle Point, OR 97458
CommercialSale, MyrtlePoint, OR
Property Size2,000 SF
Lot Size0.85 Acres
Price / SF$300
Days on Market138
Property Features for 1980 ROSEBURG Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
LI
Directions
HWY 42 To address
Subdivision
_260
Standard status
Active
APN
1141511
Size
2,100 SF
Lot size
0.85 Acres
Taxes and HOA fees
Tax Description
29S-12W-16 D TL 5100
Tax Annual Amount
5542
Legal Description
29S-12W-16 D TL 5100
Utilities
Heating system
Heat Pump (Heating), Ductless (Heating)
Cooling system
Heat Pump
Building Details
Year built
1962
Floors in Building
1
Listing Agency:
Pacific Properties
(541) 396-8842
Listed By:
Sheri Edwards · License #200601424
(541) 404-6297
Added: May 8
Changed: Sep 22
Last Checked: Sep 22 at 4:06PM
MLS# 620332552
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 medical office property includes a 2,100-square-foot commercial building on 0.85 acres near Myrtle Point. The site previously operated as a veterinary office and includes onsite parking along with outdoor space that can accommodate large animals or equipment. The building was constructed in 1962 and is equipped with ductless heating, a heat pump, and heat pump cooling.
The property fronts Hwy 42 and is located at 1980 Roseburg Rd in Myrtle Point, Oregon. LI zoning and the combination of enclosed building area, parking, and exterior space provide a flexible commercial setting for medical office or similar operations supported by the existing improvements.
The property fronts Hwy 42 and is located at 1980 Roseburg Rd in Myrtle Point, Oregon. LI zoning and the combination of enclosed building area, parking, and exterior space provide a flexible commercial setting for medical office or similar operations supported by the existing improvements.
Key Highlights
- 2,100‑square‑foot commercial building on 0.85 acres
- Medical office property previously operated as a veterinary office
- LI zoning
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
$20,832
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
3.31%
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%
$416,640
$416.6K
Cap Rate 7%
$297,600
$297.6K
Cap Rate 9%
$231,467
$231.5K
Market Conditions
NOI Build-Up for 2,100 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
$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 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%
$416,640
Cap Rate 7%
$297,600
Cap Rate 9%
$231,467
Alternative Uses
Best Use
Healthcare Medical
$297.6K
$260.4K – $347.2K
NOI $20,832 @ 7.0% cap · market cap 3.31%
Second Best
Office B
$278.6K
$243.8K – $325.1K
NOI $19,505 @ 7.0% cap · market cap 3.10%
Theoretical Best
Office A
$380.2K
$332.6K – $443.5K
NOI $26,611 @ 7.0% cap · market cap 4.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
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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 - Flexible commercial building with onsite parking, outdoor area, and LI zoning near Myrtle Point.
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: 2,100‑square‑foot commercial building on 0.85 acres; Medical office property previously operated as a veterinary office; LI zoning
