Medical Center with X-Ray
For Sale
$3,500,000
2699 N 17TH St, Coos Bay, OR 97420
CommercialSale, CoosBay, OR
Property Size21,692 SF
Lot Size1.54 Acres
Price / SF$161.35
Days on Market133
Property Features for 2699 N 17TH St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C
Directions
Thompson Rd to 17th
Subdivision
_260
Standard status
Active
APN
6530000
Size
21,692 SF
Lot size
1.54 Acres
Taxes and HOA fees
Tax Description
25S1322CA TL3500
Tax Annual Amount
25720
Legal Description
25S1322CA TL3500
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Building Details
Year built
1979
Floors in Building
2
Building materials
WoodFrame
Roof type
Composition, Membrane, Built-Up
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 8:06AM
MLS# 385820627
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 21,692-square-foot medical center occupies 1.54 acres and includes existing improvements for immediate care and orthopedic surgery operations. The facility contains X-ray capabilities and specialized treatment areas arranged to support patient flow. Wood-frame construction dates to 1979, with heat pump systems providing both heating and cooling. The roof systems include composition, membrane, and built-up materials.
The property is located in an established healthcare corridor and provides on-site parking, as well as defined ingress and egress. C zoning and the existing medical configuration support continued healthcare use, while the building’s professional layout may accommodate other medical or professional operations identified in the property information.
The property is located in an established healthcare corridor and provides on-site parking, as well as defined ingress and egress. C zoning and the existing medical configuration support continued healthcare use, while the building’s professional layout may accommodate other medical or professional operations identified in the property information.
Key Highlights
- 21,692‑square‑foot medical facility on 1.54 acres
- Existing improvements for immediate care and orthopedic surgery operations
- X‑ray capabilities and specialized treatment areas
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
$215,180
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
6.15%
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%
$4,303,600
$4.3M
Cap Rate 7%
$3,074,000
$3.1M
Cap Rate 9%
$2,390,889
$2.4M
Market Conditions
NOI Build-Up for 21,692 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
$390.5K $18.00/SF
− Vacancy
−$31.8K −$1.47/SF
EGI
$358.6K $16.53/SF
− OpEx
−$143.5K −$6.61/SF
NOI
$215.2K $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%
$4,303,600
Cap Rate 7%
$3,074,000
Cap Rate 9%
$2,390,889
Alternative Uses
Best Use
Healthcare Medical
$3.07M
$2.69M – $3.59M
NOI $215,180 @ 7.0% cap · market cap 6.15%
Second Best
Office B
$2.88M
$2.52M – $3.36M
NOI $201,475 @ 7.0% cap · market cap 5.76%
Theoretical Best
Office A
$3.93M
$3.44M – $4.58M
NOI $274,881 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
667
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical center - Existing treatment areas and X-ray capability support a range of medical 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 $3,500,000.
What are key features of this property?
This property features: 21,692‑square‑foot medical facility on 1.54 acres; Existing improvements for immediate care and orthopedic surgery operations; X‑ray capabilities and specialized treatment areas
