Multi-Building Medical
For Sale
$6,000,000
2699 N 17th St, Coos Bay, OR 97420
Three medical buildings support immediate care, orthopedic, imaging, physical therapy, and other healthcare operations.
Property Size29,011 SF
Lot Size3.13 Acres
Price / SF$206.82
Days on Market11
Property Features for 2699 N 17th St
General Information
Standard status
Active
Size
29,011 SF
Lot size
3.13 Acres
Amenities
landscaping
Building Details
Year Built
1979
Buildings
3
Listing Agency:
Pacific Coast Real Estate & Development, LLC
(541) 217-7710
Listed By:
Joseph Aguirre · License #201012096
Source:
Veraanneinternational
Added: Aug 18
Changed: Aug 28
Last Checked: Aug 28 at 1:06PM
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.
This medical campus comprises three buildings on 3.13 acres, with established improvements supporting immediate care, orthopedic services, X-ray operations, physical therapy, and specialized treatment areas. The layouts are configured for patient movement and professional medical operations, while the separate structures provide flexibility for continued occupancy or investment use. One building is fully leased, and the remaining buildings can accommodate owner occupancy or further repositioning. On-site parking, landscaped grounds, and convenient ingress and egress support daily operations. The property is located at 2699 N 17th St in Coos Bay, within an established healthcare corridor. Built in 1979, the campus combines multiple medical facilities with existing healthcare infrastructure.
Key Highlights
- Three‑building medical campus spanning 3.13 acres
- Healthcare infrastructure includes immediate care, orthopedics, X‑ray, physical therapy, and specialized treatment areas
- One building is 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
$287,783
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
4.80%
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%
$5,755,660
$5.8M
Cap Rate 7%
$4,111,186
$4.1M
Cap Rate 9%
$3,197,589
$3.2M
Market Conditions
NOI Build-Up for 29,011 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
$522.2K $18.00/SF
− Vacancy
−$42.6K −$1.47/SF
EGI
$479.6K $16.53/SF
− OpEx
−$191.9K −$6.61/SF
NOI
$287.8K $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%
$5,755,660
Cap Rate 7%
$4,111,186
Cap Rate 9%
$3,197,589
Alternative Uses
Best Use
Healthcare Medical
$4.11M
$3.60M – $4.80M
NOI $287,783 @ 7.0% cap · market cap 4.80%
Second Best
Office B
$3.85M
$3.37M – $4.49M
NOI $269,454 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$5.25M
$4.60M – $6.13M
NOI $367,627 @ 7.0% cap · market cap 6.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
666
Businesses Nearby
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 center - Three medical buildings support immediate care, orthopedic, imaging, physical therapy, and other healthcare operations.
Where is this medical center located?
The property is located at 2699 N 17th St Coos Bay, OR.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: Three‑building medical campus spanning 3.13 acres; Healthcare infrastructure includes immediate care, orthopedics, X‑ray, physical therapy, and specialized treatment areas; One building is currently fully leased
