Medical Office Space with
For Sale
$500,000
2695 N 17th St, Coos Bay, OR 97420
Maintained medical office property with supplemental shop space, on-site parking, and current occupancy in the Medical Park District.
Property Size1,702 SF
Price / SF$293.77
Days on Market26
Property Features for 2695 N 17th St
General Information
Standard status
Active
Size
1,702 SF
Occupancy
100%
Building Details
Year Built
1952
Owner Occupied
No
Listing Agency:
Pacific Coast Real Estate & Development, LLC
(541) 217-7710
Listed By:
Joseph Aguirre · License #201012096
Source:
Wisser
Added: Aug 5
Changed: Aug 29
Last Checked: Aug 25 at 5:51AM
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 Coast Real Estate & Development, LLC
Investment Insights
Based on property information with market context.
Built in 1952, this 1,702 SF medical office property includes a separate large shop, creating a combination of professional workspace and supplemental utility area. The improvements are maintained and positioned on a large lot with abundant on-site parking and landscaped grounds.
The property is located in the Medical Park District at 2695 N 17th St in Coos Bay, Oregon. It is currently fully leased, providing an occupied medical office asset with an additional shop component. The sale is contingent on the adjacent property selling first.
The property is located in the Medical Park District at 2695 N 17th St in Coos Bay, Oregon. It is currently fully leased, providing an occupied medical office asset with an additional shop component. The sale is contingent on the adjacent property selling first.
Key Highlights
- 1,702 SF medical office property built in 1952
- Separate large shop included with the medical office
- Large lot with abundant on‑site parking
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
$16,883
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
3.38%
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%
$337,660
$337.7K
Cap Rate 7%
$241,186
$241.2K
Cap Rate 9%
$187,589
$187.6K
Market Conditions
NOI Build-Up for 1,702 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
$30.6K $18.00/SF
− Vacancy
−$2.5K −$1.47/SF
EGI
$28.1K $16.53/SF
− OpEx
−$11.3K −$6.61/SF
NOI
$16.9K $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%
$337,660
Cap Rate 7%
$241,186
Cap Rate 9%
$187,589
Alternative Uses
Best Use
Healthcare Medical
$241.2K
$211.0K – $281.4K
NOI $16,883 @ 7.0% cap · market cap 3.38%
Second Best
Office B
$225.8K
$197.6K – $263.5K
NOI $15,808 @ 7.0% cap · market cap 3.16%
Theoretical Best
Office A
$308.1K
$269.6K – $359.5K
NOI $21,568 @ 7.0% cap · market cap 4.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
667
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Maintained medical office property with supplemental shop space, on-site parking, and current occupancy in the Medical Park District.
Where is this medical office space located?
The property is located at 2695 N 17th St Coos Bay, OR.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 1,702 SF medical office property built in 1952; Separate large shop included with the medical office; Large lot with abundant on‑site parking
