Mixed-Use Building with Storefront
For Sale
$539,000
265 Central Ave, Coos Bay, OR 97420
Flexible downtown commercial layout includes office, kitchen, restrooms, storage, and loading access.
Property Size4,364 SF
Price / SF$123.51
Days on Market47
Property Features for 265 Central Ave
General Information
Standard status
Active
Size
4,364 SF
Amenities
tall storefront windows
front office
two large main rooms
kitchen
three restrooms
two bar areas
upstairs storage rooms
off-street parking
rear loading ramp
Building Details
Year Built
1923
Buildings
1
Building Size
4,364 SF
Listing Agency:
Beach Loop Realty
(541) 404-1804
Listed By:
Gina Morelli · License #200604248
Source:
Wyndeekono
Added: Jul 14
Changed: Aug 28
Last Checked: Aug 25 at 5:52AM
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 Beach Loop Realty
Investment Insights
Based on property information with market context.
The Palace Building is a mixed-use commercial property totaling approximately 4,364 sq ft. Its interior includes tall storefront glazing, a front office, two expansive main rooms, a kitchen, three restrooms, two bar areas, and upstairs storage rooms. One bar area is currently plumbed, and a rear loading ramp supports deliveries. The building dates to 1923 and currently houses Coos Bay Elks Lodge #1160.
Located on Central Ave in downtown Coos Bay, the property is on the same street as the seasonal Farmers Market and one block from the waterfront boardwalk. Off-street parking is positioned behind the building, with additional nearby public lots. The existing configuration supports restaurant, retail, and office uses, with potential for multiple tenant spaces.
Located on Central Ave in downtown Coos Bay, the property is on the same street as the seasonal Farmers Market and one block from the waterfront boardwalk. Off-street parking is positioned behind the building, with additional nearby public lots. The existing configuration supports restaurant, retail, and office uses, with potential for multiple tenant spaces.
Key Highlights
- Approximately 4,364 sq ft mixed‑use commercial building
- Tall storefront windows, two main rooms, front office, kitchen, and upstairs storage
- Three restrooms and two bar areas, including one currently plumbed
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
$46,189
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
8.57%
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%
$923,780
$923.8K
Cap Rate 7%
$659,843
$659.8K
Cap Rate 9%
$513,211
$513.2K
Market Conditions
NOI Build-Up for 4,364 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
$73.3K $16.80/SF
− Vacancy
−$7.3K −$1.68/SF
EGI
$66.0K $15.12/SF
− OpEx
−$19.8K −$4.54/SF
NOI
$46.2K $10.58/SF
Area
Coos County, OR
Vacancy
10.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
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%
$923,780
Cap Rate 7%
$659,843
Cap Rate 9%
$513,211
Alternative Uses
Best Use
Retail
$659.8K
$577.4K – $769.8K
NOI $46,189 @ 7.0% cap · market cap 8.57%
Second Best
Mixed Use
$559.2K
$489.3K – $652.4K
NOI $39,145 @ 7.0% cap · market cap 7.26%
Theoretical Best
Office A
$790.0K
$691.3K – $921.7K
NOI $55,301 @ 7.0% cap · market cap 10.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
925
Businesses Nearby
113k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 51%
Dining 37%
Groceries 6%
Hotels & Casinos 4%
McDonald's
Dining
26,936 visits/mo
0.5 miles
Dollar Tree
Shops & Services
17,436 visits/mo
0.3 miles
Bi-Mart
Shops & Services
14,177 visits/mo
0.3 miles
Dutch Bros. Coffee
Dining
8,544 visits/mo
0.2 miles
Natural Grocers
Groceries
6,790 visits/mo
0.2 miles
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 Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible downtown commercial layout includes office, kitchen, restrooms, storage, and loading access.
Where is this mixed-use property located?
The property is located at 265 Central Ave Coos Bay, OR.
What is the asking price?
The asking price for this property is $539,000.
What are key features of this property?
This property features: Approximately 4,364 sq ft mixed‑use commercial building; Tall storefront windows, two main rooms, front office, kitchen, and upstairs storage; Three restrooms and two bar areas, including one currently plumbed
