Mixed-Use Property with
New
For Sale
$759,000
67552 E Bay Rd, North Bend, OR 97459
Commercial space, a remodeled upstairs residence, and a separate mobile home occupy one property.
Property Size4,600 SF
Price / SF$165
Days on Market3
Property Features for 67552 E Bay Rd
General Information
Standard status
Active
Size
4,600 SF
Property subtype
Commercial
Zoning
RC
Additional Details
Mixed-Use Components
retail, residential
Taxes and HOA fees
Annual Taxes
$3,599
Amenities
walk-in cooler room
large deck
bay views
Building Details
Building Size
4,600 SF
Year Built
1978
Buildings
2
Stories
3
Listing Agency:
Pacific Properties
Listed By:
Randy Hoffine · License #200405075
(541) 260-2651
Source:
Duanejohnson
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 5:42PM
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 Pacific Properties
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Investment Insights
Based on property information with market context.
This 4,600-square-foot mixed-use property includes ground-floor commercial space with a walk-in cooler room. The upper level contains a remodeled apartment with three bedrooms, two bathrooms, and a large deck overlooking the bay. An older mobile home is also on the property; its flooring and paint require completion. The building dates to 1978 and is zoned RC. The commercial area previously operated as a neighborhood market, while the apartment and mobile home provide distinct residential components.
Key Highlights
- 4,600‑square‑foot mixed‑use property
- Remodeled upstairs apartment with 3 bedrooms and 2 bathrooms
- Large apartment deck with bay views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,686
Cap Rate
6.41%
Suggested Prices Based on Cap Rates
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
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 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 6.41%
Second Best
Specialty Retail
$685.5K
$599.8K – $799.8K
NOI $47,986 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$832.7K
$728.6K – $971.5K
NOI $58,291 @ 7.0% cap · market cap 7.68%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial space, a remodeled upstairs residence, and a separate mobile home occupy one property.
Where is this mixed-use property located?
The property is located at 67552 E Bay Rd North Bend, OR.
What is the asking price?
The asking price for this property is $759,000.
What are key features of this property?
This property features: 4,600‑square‑foot mixed‑use property; Remodeled upstairs apartment with 3 bedrooms and 2 bathrooms; Large apartment deck with bay views
