Downtown Mixed-Use
For Sale
$539,000
265 CENTRAL Ave, Coos Bay, OR 97420
CommercialSale, CoosBay, OR
Property Size4,364 SF
Lot Size0.11 Acres
Price / SF$123.51
Days on Market248
Property Features for 265 CENTRAL Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Mixed
Directions
Corner of 3rd St & Central
Subdivision
_260
Standard status
Active
APN
7115500
Size
4,364 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Description
25S-13-26CC-TL7902
Legal Description
25S-13-26CC-TL7902
Utilities
Heating system
Forced Air
Building Details
Year built
1923
Floors in Building
1
Building materials
Concrete
Roof type
Membrane, Flat
Listing Agency:
Beach Loop Realty
(541) 347-1800
Listed By:
Gina Morelli · License #200604248
(541) 404-1804
Added: Dec 20, 2025
Changed: Aug 25
Last Checked: Aug 25 at 7:06AM
MLS# 646385981
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.
The Palace Building is a 4,364-square-foot concrete commercial property with mixed-use zoning and a 1923 construction date. Its layout includes tall storefront windows, a front office, two sizable main rooms, a kitchen, three restrooms, and two bar areas, including one with existing plumbing. Upstairs storage rooms add functional support space, while forced-air heating serves the building beneath a flat membrane roof.
Positioned 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. Parking is available behind the building and in nearby public lots. A rear loading ramp supports deliveries, and the existing configuration can accommodate restaurant, retail, or office use, as well as multiple tenant spaces.
Positioned 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. Parking is available behind the building and in nearby public lots. A rear loading ramp supports deliveries, and the existing configuration can accommodate restaurant, retail, or office use, as well as multiple tenant spaces.
Key Highlights
- 4,364‑square‑foot mixed‑use commercial building
- Built in 1923 with concrete construction
- Tall storefront windows, two main rooms, front office, kitchen, and three restrooms
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
Lease Details
Single-tenant
Tenancy
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Concrete commercial building with storefront glazing, rear loading access, off-street parking, and adaptable interior rooms.
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: 4,364‑square‑foot mixed‑use commercial building; Built in 1923 with concrete construction; Tall storefront windows, two main rooms, front office, kitchen, and three restrooms
