Highway Live-Work
For Sale
$679,000
49045 Highway 101, Bandon, OR 97411
Updated commercial space combines a flexible storefront, office area, apartment, and on-site residence with dedicated parking.
Property Size4,082 SF
Lot Size1.03 Acres
Price / SF$166.34
Days on Market51
Property Features for 49045 Highway 101
General Information
Standard status
Active
Size
4,082 SF
Total Parking Spaces
15
Lot size
1.03 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
circular drive
hot tub
wood-burning stove
stacked washer/dryer
Building Details
Year Built
1950
Listing Agency:
Beach Loop Realty
Listed By:
Dawn Holthouser
(541) 347-1800
Source:
Christiesrealestateevg
Added: Aug 25
Changed: Oct 1
Last Checked: Oct 7 at 2:48PM
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 Beach Loop Realty
Investment Insights
Based on property information with market context.
This live-work property contains 4,082 SF across 1,450 SF of storefront space and 2,632 SF of living area. The commercial portion includes a versatile storefront, office area, circular-drive access, and 15 dedicated parking spaces. A loft-style apartment provides a bedroom area, full bath, stacked washer/dryer, and separate living space. The attached residence includes 2 bedrooms, 1 bath, a great room, vaulted ceilings, and a wood-burning stove.
The property occupies approximately 1.03 acres along Highway 101 with 295 feet of frontage. Bradley Lake is 1 mile away, and Bandon Crossing Golf Course is 2 miles south. Recent property improvements include water tanks, a pump, hot tub, and gravel.
The property occupies approximately 1.03 acres along Highway 101 with 295 feet of frontage. Bradley Lake is 1 mile away, and Bandon Crossing Golf Course is 2 miles south. Recent property improvements include water tanks, a pump, hot tub, and gravel.
Key Highlights
- 4,082 SF total with 1,450 SF of storefront and 2,632 SF of living space
- Approximately 1.03 acres with 295' of Highway 101 frontage
- 15 dedicated parking spaces plus circular‑drive access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,204
Cap Rate
6.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$864,080
$864.1K
Cap Rate 7%
$617,200
$617.2K
Cap Rate 9%
$480,044
$480.0K
Market Conditions
NOI Build-Up for 4,082 SF
Gross rent
$68.6K $16.80/SF
− Vacancy
−$6.9K −$1.68/SF
EGI
$61.7K $15.12/SF
− OpEx
−$18.5K −$4.54/SF
NOI
$43.2K $10.58/SF
Area
Coos County, OR
Vacancy
10.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$864,080
Cap Rate 7%
$617,200
Cap Rate 9%
$480,044
Alternative Uses
Best Use
Retail
$617.2K
$540.1K – $720.1K
NOI $43,204 @ 7.0% cap · market cap 6.36%
Second Best
Office B
$541.6K
$473.9K – $631.9K
NOI $37,914 @ 7.0% cap · market cap 5.58%
Theoretical Best
Office A
$739.0K
$646.6K – $862.1K
NOI $51,727 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Explore this area
Business Placement
Demographics for 97411, OR
7,572
Population
4,396
Households
1.7
Avg Household Size
59
Median Age
27%
College-Educated
95%
High-School Grad
128.6 sq mi
ZIP Area
59
Density / Sq Mi
$48,476
Median Household Income
$27,375
Median Earnings
$920
Median Rent
$425,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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?
Live-work space - Updated commercial space combines a flexible storefront, office area, apartment, and on-site residence with dedicated parking.
Where is this live-work space located?
The property is located at 49045 Highway 101 Bandon, OR.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: 4,082 SF total with 1,450 SF of storefront and 2,632 SF of living space; Approximately 1.03 acres with 295' of Highway 101 frontage; 15 dedicated parking spaces plus circular‑drive access
