Duplex Office
For Sale
$399,900
280 N Collier St, Coquille, OR 97423
Single-level office property offers separate utilities, dedicated parking, and two independently occupied office configurations.
Property Size2,798 SF
Price / SF$142.92
Days on Market47
Property Features for 280 N Collier St
General Information
Standard status
Active
Size
2,798 SF
Building Details
Year Built
1975
Listing Agency:
River Cities Realty Inc
Listed By:
Ann Parker · License #890600170
(541) 297-2136
Source:
Christiesrealestateevg
Added: Aug 19
Changed: Sep 24
Last Checked: Oct 4 at 12:37PM
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 River Cities Realty Inc
Investment Insights
Based on property information with market context.
Located at 280 N Collier St in Coquille, Oregon, this 2,857-square-foot office building provides two distinct office configurations within a single-level layout. Constructed in 1975, the property has separate utility meters and a 10-space marked asphalt parking lot, with additional on-street parking along 190 feet of combined road frontage.
The larger office includes three private offices, a break room, storage, and a conference room. It is occupied under a lease that runs through October 2028 and includes two options. The second office is occupied by a month-to-month tenant, providing separate occupancy arrangements within the building. The property is situated next to the Coos County Courthouse.
The larger office includes three private offices, a break room, storage, and a conference room. It is occupied under a lease that runs through October 2028 and includes two options. The second office is occupied by a month-to-month tenant, providing separate occupancy arrangements within the building. The property is situated next to the Coos County Courthouse.
Key Highlights
- 2,857 SF duplex office building constructed in 1975
- 10 marked asphalt parking spaces plus additional on‑street parking
- 190 ft of combined road frontage
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
$25,988
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
6.50%
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%
$519,760
$519.8K
Cap Rate 7%
$371,257
$371.3K
Cap Rate 9%
$288,756
$288.8K
Market Conditions
NOI Build-Up for 2,798 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
$40.3K $14.40/SF
− Vacancy
−$5.6K −$2.02/SF
EGI
$34.7K $12.38/SF
− OpEx
−$8.7K −$3.10/SF
NOI
$26.0K $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%
$519,760
Cap Rate 7%
$371,257
Cap Rate 9%
$288,756
Alternative Uses
Best Use
Office B
$371.3K
$324.9K – $433.1K
NOI $25,988 @ 7.0% cap · market cap 6.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$506.5K
$443.2K – $590.9K
NOI $35,456 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
382
Businesses Nearby
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Business Placement
Demographics for 97423, OR
6,986
Population
2,835
Households
2.5
Avg Household Size
49
Median Age
19%
College-Educated
91%
High-School Grad
126.6 sq mi
ZIP Area
55
Density / Sq Mi
$57,665
Median Household Income
$36,250
Median Earnings
$1,150
Median Rent
$266,200
Median Home Value
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Single-level office property offers separate utilities, dedicated parking, and two independently occupied office configurations.
Where is this office building located?
The property is located at 280 N Collier St Coquille, OR.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 2,857 SF duplex office building constructed in 1975; 10 marked asphalt parking spaces plus additional on‑street parking; 190 ft of combined road frontage
