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: Oct 10 Last Checked: Oct 10 at 12:06PM

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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 / Yr

$18,576

Cap Rate

8.44%

Suggested Prices Based on Cap Rates

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

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 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

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Open Analytics

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

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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?

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