Building Details

Year built 1997

Roof type Metal

Listing Agency: Johnson Group Real Estate, LLC c***@johnsongrouprealestate.com Show Phone

Listed By: Ricky Ostle · License #201229932 Show Phone

Added: Apr 25, 2024 Changed: Aug 25 Last Checked: Aug 26 at 10:06AM

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MLS# 24074446

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 two-story mixed-use property contains 2,000 square feet and was built in 1997. The ground level is configured for a food bank and is leased month to month, while the upper floor provides a two-bedroom, one-bath apartment also occupied under a month-to-month arrangement. The building has a metal roof and C zoning.

Located in Powers, the property offers an existing combination of commercial and residential space within the same structure. The current layout supports continued separate occupancy of the first-floor commercial area and upstairs apartment, subject to applicable requirements.

Key Highlights

• 2,000‑square‑foot mixed‑use property in Powers
• Two‑story building constructed in 1997
• Ground floor configured for a food bank and leased month to month

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

$18,576

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

8.44%

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%

$371,520 $371.5K

Cap Rate 7%

$265,371 $265.4K

Cap Rate 9%

$206,400 $206.4K

Market Conditions

NOI Build-Up for 2,000 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

$28.8K $14.40/SF

− Vacancy

−$4.0K −$2.02/SF

EGI

$24.8K $12.38/SF

− OpEx

−$6.2K −$3.10/SF

NOI

$18.6K $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%

$371,520

Cap Rate 7%

$265,371

Cap Rate 9%

$206,400

Alternative Uses

Best Use

Office B

$265.4K

$232.2K – $309.6K (±1% cap)

NOI $18,576 @ 7.0% cap · market cap 8.44%

Second Best

Mixed Use

$256.3K

$224.3K – $299.0K (±1% cap)

NOI $17,940 @ 7.0% cap · market cap 8.15%

Theoretical Best

Office A

$362.1K

$316.8K – $422.4K (±1% cap)

NOI $25,344 @ 7.0% cap · market cap 11.52%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Live-work space

Lease Details

1

Residential units

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

45

Businesses Nearby

Explore this area Business Placement

Demographics for 97466, OR

854

Population

515

Households

1.7

Avg Household Size

51

Median Age

6%

College-Educated

95%

High-School Grad

48.5 sq mi

ZIP Area

18

Density / Sq Mi

$49,940

Median Household Income

$49,083

Median Earnings

$870

Median Rent

$221,300

Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties 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?

Mixed-use property - Commercial space occupies the ground floor, with a month-to-month apartment lease above.

Where is this mixed-use property located?

The property is located at 510 FIR St Powers, OR.

What is the asking price?

The asking price for this property is $220,000.

What are key features of this property?

This property features: 2,000‑square‑foot mixed‑use property in Powers; Two‑story building constructed in 1997; Ground floor configured for a food bank and leased month to month