Medical Office with
For Sale
$500,000
2695 N 17TH St, Coos Bay, OR 97420
CommercialSale, CoosBay, OR
Property Size1,702 SF
Lot Size0.45 Acres
Price / SF$293.77
Days on Market133
Property Features for 2695 N 17TH St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
MP
Directions
Thompson to 17th
Subdivision
_260
Standard status
Active
APN
6530009
Size
1,702 SF
Lot size
0.45 Acres
Taxes and HOA fees
Tax Description
25S1322CATL3600
Tax Annual Amount
5716
Legal Description
25S1322CATL3600
Building Details
Year built
1952
Building materials
WoodFrame
Roof type
Composition
Listing Agency:
Pacific Coast Real Estate & Development, LLC
(541) 808-3297
Listed By:
Joseph Aguirre · License #201012096
(541) 808-3297
Added: Apr 15
Changed: Aug 25
Last Checked: Aug 25 at 7:06AM
MLS# 106148402
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 1702 square feet of building area along with an additional large shop. Constructed in 1952 with wood-frame construction and a composition roof, the property occupies a 0.45-acre lot with abundant parking and landscaped grounds. The building is currently fully leased, while the existing configuration also supports future owner-occupant use.
Located at 2695 N 17TH St in Coos Bay, the property is within the Medical Park District and carries MP zoning. The sale is contingent on the adjacent property being sold first.
Located at 2695 N 17TH St in Coos Bay, the property is within the Medical Park District and carries MP zoning. The sale is contingent on the adjacent property being sold first.
Key Highlights
- 1702‑square‑foot medical office property with an additional large shop
- 0.45‑acre lot with abundant parking and landscaped grounds
- Currently fully leased
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Fully leased medical property with an additional shop, on-site parking, and MP zoning in Coos Bay.
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: 1702‑square‑foot medical office property with an additional large shop; 0.45‑acre lot with abundant parking and landscaped grounds; Currently fully leased
