Mixed-Use Property with Upper-Level
For Sale
$799,000
67538 E Bay Rd, North Bend, OR 97459
The layout combines main-level commercial space, an upper-floor residence, and lower-level flex and storage areas.
Property Size4,600 SF
Days on Market222
Property Features for 67538 E Bay Rd
General Information
Standard status
Active
Size
4,600 SF
Total Parking Spaces
7
Property subtype
Commercial
Zoning
RC
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Cold Storage
Yes
Cold Storage Area
120 SF
Cooler
120 SF
Taxes and HOA fees
Annual Taxes
$3,599
Amenities
walk-in refrigerator/cooler
private entrance
deck
large private yard
Building Details
Building Size
4,600 SF
Year Built
1978
Buildings
2
Stories
3
Listing Agency:
RE/MAX South Coast
(503) 807-8910
Listed By:
Julie Stephens · License #201223170
(503) 807-8910
Source:
Allprofessionalsre
Added: Dec 31, 2025
Changed: Aug 9
Last Checked: Aug 10 at 11:43AM
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 RE/MAX South Coast
Investment Insights
Based on property information with market context.
Built in 1978, this mixed-use property combines a main-level commercial area, an upper-floor residence, and additional lower-level space. The commercial portion includes approximately 1,000 square feet of open retail area, a walk-in refrigerator measuring approximately 10' x 12', a former kitchen area, and a half bath. Above, the approximately 1900 sq ft residence provides 3 bedrooms, 2 full baths, an open kitchen, dining, and living arrangement, plus laundry and storage space. A private entrance and deck extend the residential layout, with views toward the Bay and McCullough Bridge.
The lower level adds a bonus room or flex area, enclosed and open storage, and a carport. The property includes 7 dedicated parking spaces, additional lower-level parking, a private yard with fruit trees, and approximately 175 feet of frontage along E Bay Rd. Located near Hwy 101 at 67538 E Bay Rd in North Bend, the site is zoned RC.
The lower level adds a bonus room or flex area, enclosed and open storage, and a carport. The property includes 7 dedicated parking spaces, additional lower-level parking, a private yard with fruit trees, and approximately 175 feet of frontage along E Bay Rd. Located near Hwy 101 at 67538 E Bay Rd in North Bend, the site is zoned RC.
Key Highlights
- Mixed‑use layout with main‑level commercial space, upper‑floor residence, and lower‑level flex and storage areas
- Approximately 1,000 square feet of open retail floor space
- Upper residence is approximately 1900 sq ft with 3 bedrooms and 2 full baths
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
$48,686
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
6.09%
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%
$973,720
$973.7K
Cap Rate 7%
$695,514
$695.5K
Cap Rate 9%
$540,956
$541.0K
Market Conditions
NOI Build-Up for 4,600 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
$77.3K $16.80/SF
− Vacancy
−$7.7K −$1.68/SF
EGI
$69.6K $15.12/SF
− OpEx
−$20.9K −$4.54/SF
NOI
$48.7K $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%
$973,720
Cap Rate 7%
$695,514
Cap Rate 9%
$540,956
Alternative Uses
Best Use
Retail
$695.5K
$608.6K – $811.4K
NOI $48,686 @ 7.0% cap · market cap 6.09%
Second Best
Office B
$610.4K
$534.1K – $712.1K
NOI $42,725 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$832.7K
$728.6K – $971.5K
NOI $58,291 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
Explore this area
Business Placement
Demographics for 97459, OR
14,932
Population
6,856
Households
2.2
Avg Household Size
46
Median Age
29%
College-Educated
93%
High-School Grad
109.3 sq mi
ZIP Area
137
Density / Sq Mi
$79,679
Median Household Income
$39,665
Median Earnings
$1,066
Median Rent
$349,700
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The layout combines main-level commercial space, an upper-floor residence, and lower-level flex and storage areas.
Where is this mixed-use property located?
The property is located at 67538 E Bay Rd North Bend, OR.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Mixed‑use layout with main‑level commercial space, upper‑floor residence, and lower‑level flex and storage areas; Approximately 1,000 square feet of open retail floor space; Upper residence is approximately 1900 sq ft with 3 bedrooms and 2 full baths
