Office Building With Private
For Sale
$850,000
307 HIGHWAY 42, Coquille, OR 97423
CommercialSale, Coquille, OR
Property Size5,000 SF
Lot Size0.73 Acres
Price / SF$170
Days on Market43
Property Features for 307 HIGHWAY 42
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
IND
Directions
Hwy 42, 1/4 mile East of Coquille
Subdivision
_260
Standard status
Active
APN
879406
Size
5,000 SF
Lot size
0.73 Acres
Taxes and HOA fees
Tax Description
28S1301-DB-00305
Tax Annual Amount
9972
Legal Description
28S1301-DB-00305
Utilities
Heating system
Heat Pump (Heating)
Amenities
private offices
reception area
open work areas
conference/training room
kitchen/break room
storage
outdoor storage building/garage
Building Details
Year built
1995
Listing Agency:
Pacific Properties
(541) 269-5263
Listed By:
Randy Hoffine · License #200405075
(541) 260-2651
Added: Jul 14
Changed: Aug 25
Last Checked: Aug 25 at 10:06AM
MLS# 617242752
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 office building, constructed in 1995, offers a mix of private and shared work areas. The layout includes 10 private offices, a reception area with a built-in front desk, open workspaces, a large conference and training room, a kitchen and break room, three restrooms, and dedicated storage and file areas. An outdoor storage building or garage provides additional space for equipment and materials. Heating is provided by a heat pump, and the property is zoned IND.
The building is located along Highway 42 at 307 Highway 42 in Coquille, Oregon. The 0.73-acre property includes on-site parking and a combination of interior office improvements and exterior storage facilities. Its configuration supports administrative operations and other office-based uses identified in the property information.
The building is located along Highway 42 at 307 Highway 42 in Coquille, Oregon. The 0.73-acre property includes on-site parking and a combination of interior office improvements and exterior storage facilities. Its configuration supports administrative operations and other office-based uses identified in the property information.
Key Highlights
- 10 private offices plus open work areas
- Reception area with built‑in front desk
- Large conference and training 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
$46,440
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
5.46%
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%
$928,800
$928.8K
Cap Rate 7%
$663,429
$663.4K
Cap Rate 9%
$516,000
$516.0K
Market Conditions
NOI Build-Up for 5,000 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
$72.0K $14.40/SF
− Vacancy
−$10.1K −$2.02/SF
EGI
$61.9K $12.38/SF
− OpEx
−$15.5K −$3.10/SF
NOI
$46.4K $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%
$928,800
Cap Rate 7%
$663,429
Cap Rate 9%
$516,000
Alternative Uses
Best Use
Office B
$663.4K
$580.5K – $774.0K
NOI $46,440 @ 7.0% cap · market cap 5.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$905.1K
$792.0K – $1.06M
NOI $63,360 @ 7.0% cap · market cap 7.45%
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
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Frequently Asked Questions
What type of property is this?
Office building - Flexible commercial workspace includes reception, collaborative areas, conference facilities, storage, and on-site parking.
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: 10 private offices plus open work areas; Reception area with built‑in front desk; Large conference and training room
