Redevelopment Opportunity in Prime
For Sale
Contact for pricing
2770 Woodland Dr, Coos Bay, OR 97420
20,000+ SF warehouse/manufacturing space on 4.53 acres for sale.
Property Size21,000 SF
Lot Size4.53 Acres
Price / SF$119
Days on Market979
Property Features for 2770 Woodland Dr
General Information
Standard status
Active
Size
21,000 SF
Class
C
Total Parking Spaces
100
Lot size
4.53 Acres
Property subtype
Office, Industrial
Zoning
I-C
Occupancy
80%
Lease Type
NN
Building Details
Year Built
1963
Buildings
5
Stories
2
Tenancy
Multi
Listing Agency:
Pacific Coast Real Estate & Development
(541) 217-7710
Listed By:
Joe Aguirre · License #201012060
Source:
Crexi
Added: Dec 5, 2023
Changed: Aug 9
Last Checked: Aug 9 at 7:50PM
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
Investment Insights
Based on property information with market context.
This property features over 20,000 square feet of warehouse and manufacturing shops, along with a small medical office building. Situated on 4.53 usable acres within a prime business park, the location is adjacent to medical facilities and is ready for redevelopment. The zoning allows for various uses, including a medical complex. The property offers a suitable location and footprint for new projects. Over an acre has been cleared, graveled, and graded, making it ready for additional structures.
Key Highlights
- 4.53 Usable Acres in Prime Business Park.
- Zoning Allows for Many Uses Including Medical Complex.
- Over an Acre Has Been Cleared, Gravel and Graded Ready for More Structures.
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
$208,316
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
8.34%
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%
$4,166,320
$4.2M
Cap Rate 7%
$2,975,943
$3.0M
Cap Rate 9%
$2,314,622
$2.3M
Market Conditions
NOI Build-Up for 21,000 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
$378.0K $18.00/SF
− Vacancy
−$30.8K −$1.47/SF
EGI
$347.2K $16.53/SF
− OpEx
−$138.9K −$6.61/SF
NOI
$208.3K $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%
$4,166,320
Cap Rate 7%
$2,975,943
Cap Rate 9%
$2,314,622
Alternative Uses
Best Use
Healthcare Medical
$2.98M
$2.60M – $3.47M
NOI $208,316 @ 7.0% cap · market cap 8.34%
Second Best
Warehouse
$2.94M
$2.57M – $3.43M
NOI $205,868 @ 7.0% cap · market cap 8.24%
Theoretical Best
Office A
$3.80M
$3.33M – $4.44M
NOI $266,112 @ 7.0% cap · market cap 10.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
447
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?
Mixed-use property - 20,000+ SF warehouse/manufacturing space on 4.53 acres for sale.
Where is this mixed-use property located?
The property is located at 2770 Woodland Dr Coos Bay, OR.
What is the asking price?
The asking price for this property is $2,499,000.
What are key features of this property?
This property features: 4.53 Usable Acres in Prime Business Park.; Zoning Allows for Many Uses Including Medical Complex.; Over an Acre Has Been Cleared, Gravel and Graded Ready for More Structures.
