Mixed-Use Property With Restaurant
New
For Sale
$700,000
3290 OCEAN Blvd, Coos Bay, OR 97420
CommercialSale, CoosBay, OR
Property Size4,710 SF
Lot Size0.66 Acres
Price / SF$148.62
Days on Market1
Property Features for 3290 OCEAN Blvd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-2
View
City
Directions
Ocean Bvld to Address
Subdivision
_260
Standard status
Active
APN
351703
Size
4,710 SF
Lot size
0.66 Acres
Taxes and HOA fees
Tax Description
25S-13W-21C 00300
Tax Annual Amount
3799
Legal Description
25S-13W-21C 00300
Utilities
Heating system
Zoned
Amenities
vaulted ceilings
large windows
large kitchen
updated restrooms
fully fenced outdoor seating area
beautiful back patio
huge monument sign with marquee
Building Details
Year built
1955
Building materials
CementSiding, WoodFrame
Roof type
Composition
Listing Agency:
Pacific Coast Real Estate & Development, LLC
(541) 808-3297
Listed By:
Sadena Abell · License #200201254
(541) 404-8388
Added: Aug 26
Last Checked: Aug 26 at 8:06PM
MLS# 543629360
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 mixed-use property combines a restaurant-oriented commercial building with a separate manufactured home and garage on 0.66 acres. The 4,710-square-foot commercial improvement includes vaulted ceilings, large windows, a kitchen, dining room, updated restrooms, and fenced outdoor seating. Zoned C-2, the property also includes several outbuildings and a private rear patio serving the residence.
Located at 3290 Ocean Blvd in CoosBay, the property fronts a major arterial and includes on-site parking, a monument sign with marquee, and established ingress and egress. The site is near the ocean and beaches and is in an area with new development, including a residential community planned for more than 400 homes.
Located at 3290 Ocean Blvd in CoosBay, the property fronts a major arterial and includes on-site parking, a monument sign with marquee, and established ingress and egress. The site is near the ocean and beaches and is in an area with new development, including a residential community planned for more than 400 homes.
Key Highlights
- 4,710‑square‑foot commercial building on a 0.66‑acre parcel
- C‑2 zoning with restaurant‑oriented commercial improvements
- Separate manufactured home with large garage and several outbuildings
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
$49,133
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
7.02%
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%
$982,660
$982.7K
Cap Rate 7%
$701,900
$701.9K
Cap Rate 9%
$545,922
$545.9K
Market Conditions
NOI Build-Up for 4,710 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
$67.8K $14.40/SF
− Vacancy
−$2.3K −$0.49/SF
EGI
$65.5K $13.91/SF
− OpEx
−$16.4K −$3.48/SF
NOI
$49.1K $10.43/SF
Area
Coos County, OR
Vacancy
3.41%
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%
$982,660
Cap Rate 7%
$701,900
Cap Rate 9%
$545,922
Alternative Uses
Best Use
Specialty Retail
$701.9K
$614.2K – $818.9K
NOI $49,133 @ 7.0% cap · market cap 7.02%
Second Best
Mixed Use
$603.6K
$528.1K – $704.2K
NOI $42,249 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$852.6K
$746.1K – $994.8K
NOI $59,685 @ 7.0% cap · market cap 8.53%
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
200
Businesses Nearby
80k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 97%
Dining 3%
Walmart
Superstores
77,423 visits/mo
0.5 miles
Domino's Pizza
Dining
2,804 visits/mo
0.2 miles
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Combined commercial and residential improvements include restaurant facilities, a manufactured home, garage, and fenced outdoor area.
Where is this mixed-use property located?
The property is located at 3290 OCEAN Blvd Coos Bay, OR.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 4,710‑square‑foot commercial building on a 0.66‑acre parcel; C‑2 zoning with restaurant‑oriented commercial improvements; Separate manufactured home with large garage and several outbuildings
