Building Details

Year Built 1951

Listing Agency: Mast Realty Group

Listed By: Norm Lacey · License #200602208 Show Phone

Source: Vieweugenerealestate

Added: Jun 25 Changed: Oct 1 Last Checked: Oct 5 at 7:09PM

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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 Mast Realty Group

Investment Insights

Based on property information with market context.

This flex-space property comprises a 3,016-square-foot wood-frame commercial building on a 0.27-acre corner parcel. Constructed in 1951, the building provides adaptable interior area for industrial, warehouse, manufacturing, service, contractor, or business operations, subject to city approval.

The site includes fencing along the side and rear boundaries, with room for customer or employee parking, equipment storage, deliveries, and future site improvements. Its Reedsport location provides access to Highway 101, the Oregon Coast, Winchester Bay, and the Lower Umpqua River area, supporting businesses serving the surrounding coastal region.

Key Highlights

• 3,016‑square‑foot commercial building on a 0.27‑acre corner parcel
• M‑1 (Light Industrial) zoning with multiple commercial and industrial use possibilities subject to city approval
• Wood‑frame construction dating to 1951

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$27,112

Cap Rate

7.77%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$542,240 $542.2K

Cap Rate 7%

$387,314 $387.3K

Cap Rate 9%

$301,244 $301.2K

Market Conditions

NOI Build-Up for 3,016 SF

Gross rent

$45.2K $15.00/SF

− Vacancy

−$3.5K −$1.17/SF

EGI

$41.7K $13.83/SF

− OpEx

−$14.6K −$4.84/SF

NOI

$27.1K $8.99/SF

Area

Douglas County, OR

Vacancy

7.80%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$542,240

Cap Rate 7%

$387,314

Cap Rate 9%

$301,244

Alternative Uses

Best Use

Flex RnD

$387.3K

$338.9K – $451.9K (±1% cap)

NOI $27,112 @ 7.0% cap · market cap 7.77%

Second Best

Industrial

$260.9K

$228.3K – $304.4K (±1% cap)

NOI $18,262 @ 7.0% cap · market cap 5.23%

Theoretical Best

Specialty Retail

$522.0K

$456.8K – $609.0K (±1% cap)

NOI $36,540 @ 7.0% cap · market cap 10.47%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Building Supply Dental Office Law Firm Hair Salon Storage Facility Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

238

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 97467, OR

5,602

Population

2,816

Households

2

Avg Household Size

53

Median Age

14%

College-Educated

93%

High-School Grad

327.9 sq mi

ZIP Area

17

Density / Sq Mi

$58,333

Median Household Income

$41,441

Median Earnings

$750

Median Rent

$224,100

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - M-1 zoning supports industrial and commercial operations, subject to city approval.

Where is this flex space located?

The property is located at 364 N 4th St Reedsport, OR.

What is the asking price?

The asking price for this property is $349,000.

What are key features of this property?

This property features: 3,016‑square‑foot commercial building on a 0.27‑acre corner parcel; M‑1 (Light Industrial) zoning with multiple commercial and industrial use possibilities subject to city approval; Wood‑frame construction dating to 1951