Building Details

Year built 1978

Floors in Building 3

Building materials BoardBattenSiding, T111Siding

Roof type Composition

Listing Agency: Pacific Properties Show Phone

Listed By: Randy Hoffine · License #200405075 Show Phone

Added: Sep 1 Changed: Oct 16 Last Checked: Oct 17 at 11:06AM

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MLS# 135952732

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Investment Insights

Based on property information with market context.

This 4,600-square-foot live-work property combines a former neighborhood market on the main level with residential space above. The commercial area retains a walk-in cooler room, while the upstairs apartment has three bedrooms, two bathrooms, remodeled interiors, a large deck, and views over the bay. An older mobile home is also located on the property; its flooring and paint remain unfinished. The site encompasses 0.4 acres and is zoned RC. Located at 67552 E BAY Rd in North Bend, the property is surrounded by residences and sits near the Oregon Dunes. Construction includes board-and-batten and T1-11 siding, with zoned forced-air heating and a composition roof. Buyer to verify zoning, permitted uses, and development options.

Key Highlights

• 4,600‑square‑foot live‑work property on 0.4 acres
• Main level includes former market space and a walk‑in cooler room
• Upstairs apartment has 3 bedrooms, 2 bathrooms, remodeled interiors, and a large deck

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

Is this asking price fair?

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 (±1% cap)

NOI $48,686 @ 7.0% cap · market cap 6.41%

Second Best

Specialty Retail

$685.5K

$599.8K – $799.8K (±1% cap)

NOI $47,986 @ 7.0% cap · market cap 6.32%

Theoretical Best

Office A

$832.7K

$728.6K – $971.5K (±1% cap)

NOI $58,291 @ 7.0% cap · market cap 7.68%

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

Property Analytics

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Current Use

Live-work space

Suggested Use

Top Pick Grocery & Convenience Store Cafe & Coffee Shop Law Firm Restaurant Bed & Breakfast Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

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

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Live-work space - Mixed-use building with commercial space and an upstairs remodeled apartment.

Where is this live-work space 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 live‑work property on 0.4 acres; Main level includes former market space and a walk‑in cooler room; Upstairs apartment has 3 bedrooms, 2 bathrooms, remodeled interiors, and a large deck