Building Details

Building Size 5,000 SF

Year Built 2009

Stories 1

Listing Agency: Pacific Properties

Listed By: Randy Hoffine · License #200405075 Show Phone

Source: Duanejohnson

Added: Oct 22 Changed: Oct 23 Last Checked: Oct 23 at 4:37PM

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Investment Insights

Based on property information with market context.

The 1.64-acre parcel includes a shop built in 2009 using insulated concrete forms, with a bathroom and washer and dryer hookups. A home and additional outbuildings are also included in the property.

The front portion is zoned C-2, while the rear area is zoned R-2. The property is served by a newly paved street.

Key Highlights

• 1.64‑acre parcel
• Shop built in 2009 with insulated concrete form construction
• Bathroom and washer and dryer hookups in the shop

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$52,920

Cap Rate

8.83%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,058,400 $1.1M

Cap Rate 7%

$756,000 $756.0K

Cap Rate 9%

$588,000 $588.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,000 SF

Gross rent

$84.0K $16.80/SF

− Vacancy

−$8.4K −$1.68/SF

EGI

$75.6K $15.12/SF

− OpEx

−$22.7K −$4.54/SF

NOI

$52.9K $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%

$1,058,400

Cap Rate 7%

$756,000

Cap Rate 9%

$588,000

Alternative Uses

Best Use

Retail

$756.0K

$661.5K – $882.0K (±1% cap)

NOI $52,920 @ 7.0% cap · market cap 8.83%

Second Best

Industrial

$576.7K

$504.6K – $672.8K (±1% cap)

NOI $40,366 @ 7.0% cap · market cap 6.74%

Theoretical Best

Office A

$905.1K

$792.0K – $1.06M (±1% cap)

NOI $63,360 @ 7.0% cap · market cap 10.58%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply HVAC Service Big Box & Wholesale Store Hair Salon

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

280

Businesses Nearby

123k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Superstores 63% Dining 29% Office Supplies 8%

Walmart Superstores

77,423 visits/mo 0.3 miles

Starbucks Dining

15,780 visits/mo 0.5 miles

Arby's Dining

10,536 visits/mo 0.5 miles

Staples Office Supplies

9,739 visits/mo 0.4 miles

Burger King Dining

7,065 visits/mo 0.5 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

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

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Frequently Asked Questions

What type of property is this?

Commercial land - An existing insulated-concrete-form shop includes a bathroom and washer and dryer hookups.

Where is this commercial land located?

The property is located at 565 Lindy Ln Coos Bay, OR.

What is the asking price?

The asking price for this property is $599,000.

What are key features of this property?

This property features: 1.64‑acre parcel; Shop built in 2009 with insulated concrete form construction; Bathroom and washer and dryer hookups in the shop