Mixed-Use Property With
For Sale
$599,000
565 LINDY Ln, Coos Bay, OR 97420
CommercialSale, CoosBay, OR
Property Size5,000 SF
Lot Size1.64 Acres
Price / SF$119.80
Days on Market300
Property Features for 565 LINDY Ln
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-2,R-2
Directions
Corner of Ocean Blvd and Lindy Ln
Subdivision
_260
Standard status
Active
APN
351400
Size
5,000 SF
Lot size
1.64 Acres
Taxes and HOA fees
Tax Description
25S1321-CB-05900
Tax Annual Amount
4630
Legal Description
25S1321-CB-05900
Utilities
Heating system
Radiant
Amenities
bathroom
washer/dryer hook-ups
Building Details
Year built
2009
Floors in Building
1
Roof type
Composition
Listing Agency:
Pacific Properties
(541) 269-5263
Listed By:
Randy Hoffine · License #200405075
(541) 260-2651
Added: Oct 30, 2025
Changed: Aug 25
Last Checked: Aug 25 at 7:06AM
MLS# 143147398
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 mixed-use property includes a 5,000-square-foot shop constructed in 2009 with insulated concrete form walls, radiant heating, a bathroom, and washer/dryer hookups. The building offers a substantial enclosed footprint for commercial, automotive, or flexible business use, subject to applicable approvals. A composition roof serves the structure.
The 1.64-acre parcel carries both C-2 and R-2 zoning. Commercially zoned land occupies the front portion, while the rear section is residentially zoned. A home and additional outbuildings are also included and require further work. The property is located in CoosBay, Oregon, with access from Lindy Ln.
The 1.64-acre parcel carries both C-2 and R-2 zoning. Commercially zoned land occupies the front portion, while the rear section is residentially zoned. A home and additional outbuildings are also included and require further work. The property is located in CoosBay, Oregon, with access from Lindy Ln.
Key Highlights
- 5,000‑square‑foot shop on a 1.64‑acre parcel
- Built in 2009 with insulated concrete form construction
- C‑2 and R‑2 zoning across the property
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
$52,920
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
8.83%
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%
$1,058,400
$1.1M
Cap Rate 7%
$756,000
$756.0K
Cap Rate 9%
$588,000
$588.0K
Market Conditions
NOI Build-Up for 5,000 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
$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 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%
$1,058,400
Cap Rate 7%
$756,000
Cap Rate 9%
$588,000
Alternative Uses
Best Use
Retail
$756.0K
$661.5K – $882.0K
NOI $52,920 @ 7.0% cap · market cap 8.83%
Second Best
Mixed Use
$640.7K
$560.6K – $747.5K
NOI $44,850 @ 7.0% cap · market cap 7.49%
Theoretical Best
Office A
$905.1K
$792.0K – $1.06M
NOI $63,360 @ 7.0% cap · market cap 10.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
280
Businesses Nearby
Explore this area
Business Placement
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 Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Energy-efficient commercial building with a bathroom, radiant heat, and washer/dryer hookups on a combined commercial and residential parcel.
Where is this mixed-use property 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: 5,000‑square‑foot shop on a 1.64‑acre parcel; Built in 2009 with insulated concrete form construction; C‑2 and R‑2 zoning across the property
