Office Building with
For Sale
$850,000
307 Highway 42, Coquille, OR 97423
Office building with multiple private offices, reception, conference room, kitchen, restrooms, and outdoor storage/garage.
Property Size5,000 SF
Price / SF$169.93
Days on Market42
Property Features for 307 Highway 42
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Commercial
Zoning
IND
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Taxes and HOA fees
Annual Taxes
$9,971
Amenities
reception area
conference/training room
kitchen/break room
outdoor storage building/garage
Building Details
Building Size
5,000 SF
Year Built
1995
Listing Agency:
Pacific Properties
(541) 260-2651
Listed By:
Randy Hoffine · License #200405075
(541) 260-2651
Source:
Allprofessionalsre
Added: Jul 14
Changed: Aug 23
Last Checked: Aug 24 at 12:43PM
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 Properties
Investment Insights
Based on property information with market context.
This office building includes 10 private offices plus a reception area with a built-in front desk, along with open work areas intended for collaborative use. The interior also features a large conference/training room, a kitchen/break room, three restrooms, and generous storage and file space.
The property offers on-site parking and an outdoor storage building/garage for equipment or additional storage. The building is located on Highway 42 E in Coquille.
With a flexible floor plan that combines private offices and shared workspace, the space is suited for a range of professional and administrative office needs, including medical or government use as described in the listing.
The property offers on-site parking and an outdoor storage building/garage for equipment or additional storage. The building is located on Highway 42 E in Coquille.
With a flexible floor plan that combines private offices and shared workspace, the space is suited for a range of professional and administrative office needs, including medical or government use as described in the listing.
Key Highlights
- Approximately 5,002 SF commercial office building built in 1995 with a flexible floor plan
- Includes 10 private offices, reception area with built‑in front desk, and spacious open work areas
- Large conference/training room plus kitchen/break room
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
$46,459
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
5.47%
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%
$929,180
$929.2K
Cap Rate 7%
$663,700
$663.7K
Cap Rate 9%
$516,211
$516.2K
Market Conditions
NOI Build-Up for 5,002 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
$72.0K $14.40/SF
− Vacancy
−$10.1K −$2.02/SF
EGI
$61.9K $12.38/SF
− OpEx
−$15.5K −$3.10/SF
NOI
$46.5K $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%
$929,180
Cap Rate 7%
$663,700
Cap Rate 9%
$516,211
Alternative Uses
Best Use
Office B
$663.7K
$580.7K – $774.3K
NOI $46,459 @ 7.0% cap · market cap 5.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$905.5K
$792.3K – $1.06M
NOI $63,385 @ 7.0% cap · market cap 7.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
284
Businesses Nearby
Explore this area
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
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?
Office building - Office building with multiple private offices, reception, conference room, kitchen, restrooms, and outdoor storage/garage.
Where is this office building located?
The property is located at 307 Highway 42 Coquille, OR.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Approximately 5,002 SF commercial office building built in 1995 with a flexible floor plan; Includes 10 private offices, reception area with built‑in front desk, and spacious open work areas; Large conference/training room plus kitchen/break room
