Office Building with Paved
For Sale
$460,000
2707 Broadway, North Bend, OR 97459
Single-level commercial office property with flexible work areas, recent exterior improvements, and convenient street access.
Property Size1,712 SF
Lot Size0.25 Acres
Price / SF$268.69
Days on Market13
Property Features for 2707 Broadway
General Information
Standard status
Active
Size
1,712 SF
Total Parking Spaces
22
Lot size
0.25 Acres
Property subtype
Commercial
Additional Details
Road Access
Yes
Building Details
Year Built
1949
Buildings
1
Stories
1
Listing Agency:
Coastal Sotheby's International Realty
(541) 217-9485
Listed By:
Juli Whelchel · License #200509355
Source:
Vieweugenerealestate
Added: Aug 17
Changed: Aug 28
Last Checked: Aug 25 at 8:03AM
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 Coastal Sotheby's International Realty
Investment Insights
Based on property information with market context.
This single-level office property at 2707 Broadway includes a defined reception and waiting area, open office space, one private office, a kitchen area, and two bathrooms. The layout supports professional or service-oriented operations and provides a practical mix of shared and private workspace. Recent capital improvements include a new roof, siding, and windows.
The property occupies approximately ¼ acre along Broadway Street in North Bend, with easy vehicle access and 22 paved parking spaces. Its combination of usable land, dedicated parking, and a functional interior provides a straightforward setting for an office user seeking an owner-occupied commercial property.
The property occupies approximately ¼ acre along Broadway Street in North Bend, with easy vehicle access and 22 paved parking spaces. Its combination of usable land, dedicated parking, and a functional interior provides a straightforward setting for an office user seeking an owner-occupied commercial property.
Key Highlights
- Single‑level office building at 2707 Broadway, North Bend, OR 97459
- Approximately ¼ acre of property
- 22 paved parking spaces
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
$15,901
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
3.46%
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%
$318,020
$318.0K
Cap Rate 7%
$227,157
$227.2K
Cap Rate 9%
$176,678
$176.7K
Market Conditions
NOI Build-Up for 1,712 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
$24.7K $14.40/SF
− Vacancy
−$3.5K −$2.02/SF
EGI
$21.2K $12.38/SF
− OpEx
−$5.3K −$3.10/SF
NOI
$15.9K $9.29/SF
Area
Coos County, OR
Vacancy
14.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
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%
$318,020
Cap Rate 7%
$227,157
Cap Rate 9%
$176,678
Alternative Uses
Best Use
Office B
$227.2K
$198.8K – $265.0K
NOI $15,901 @ 7.0% cap · market cap 3.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$309.9K
$271.2K – $361.6K
NOI $21,694 @ 7.0% cap · market cap 4.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
445
Businesses Nearby
Explore this area
Business Placement
Demographics for 97459, OR
14,932
Population
6,856
Households
2.2
Avg Household Size
46
Median Age
29%
College-Educated
93%
High-School Grad
109.3 sq mi
ZIP Area
137
Density / Sq Mi
$79,679
Median Household Income
$39,665
Median Earnings
$1,066
Median Rent
$349,700
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?
Office building - Single-level commercial office property with flexible work areas, recent exterior improvements, and convenient street access.
Where is this office building located?
The property is located at 2707 Broadway North Bend, OR.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: Single‑level office building at 2707 Broadway, North Bend, OR 97459; Approximately ¼ acre of property; 22 paved parking spaces
