Multi-Building Medical
For Sale
$6,000,000
2699 N 17TH St, Coos Bay, OR 97420
CommercialSale, CoosBay, OR
Property Size29,011 SF
Lot Size3.13 Acres
Price / SF$206.82
Days on Market133
Property Features for 2699 N 17TH St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
MP
Directions
Thompson to 17th to Address
Subdivision
_260
Standard status
Active
APN
6530000
Size
29,011 SF
Lot size
3.13 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
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# 251016394
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 campus comprises three buildings on 3.13 acres in Coos Bay, Oregon. The property includes established improvements configured for immediate care, orthopedic services, X-ray operations, physical therapy, and specialized treatment areas. Heat pump systems provide heating and cooling, and the campus was developed in 1979.
One building is fully leased, while the other structures provide space for continued medical operations or owner occupancy. The site includes on-site parking, landscaped grounds, and access features supporting patient and staff circulation. Located within an established healthcare corridor, the property is zoned MP and offers a combination of existing medical infrastructure and multi-building flexibility.
One building is fully leased, while the other structures provide space for continued medical operations or owner occupancy. The site includes on-site parking, landscaped grounds, and access features supporting patient and staff circulation. Located within an established healthcare corridor, the property is zoned MP and offers a combination of existing medical infrastructure and multi-building flexibility.
Key Highlights
- Three‑building medical campus on 3.13 acres
- One building is currently fully leased
- Configured areas for immediate care, orthopedics, X‑ray, physical therapy, and specialized treatment
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
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 - Healthcare property with established treatment areas, on-site parking, and adaptable layouts for medical and professional 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 on 3.13 acres; One building is currently fully leased; Configured areas for immediate care, orthopedics, X‑ray, physical therapy, and specialized treatment
