Mixed-Use Property with Bay
New
For Sale
$759,000
67552 E BAY Rd, North Bend, OR 97459
CommercialSale, NorthBend, OR
Property Size4,600 SF
Lot Size0.40 Acres
Price / SF$165
Days on Market2
Property Features for 67552 E BAY Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
RC
Directions
Hwy 101 to East Bay Rd to address
Subdivision
_260
Standard status
Active
APN
4192100
Size
4,600 SF
Lot size
0.40 Acres
Taxes and HOA fees
Tax Description
25S1302-BD-02700
Tax Annual Amount
3599
Legal Description
25S1302-BD-02700
Utilities
Heating system
Forced Air, Zoned
Amenities
walk-in cooler room
large deck
Building Details
Year built
1978
Floors in Building
3
Building materials
BoardBattenSiding, T111Siding
Roof type
Composition
Listing Agency:
Pacific Properties
(541) 269-5263
Listed By:
Randy Hoffine · License #200405075
(541) 260-2651
Added: Sep 1
Changed: Sep 2
Last Checked: Sep 2 at 11:06AM
MLS# 135952732
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 4,600-square-foot mixed-use property combines commercial improvements with residential space on a 0.4-acre site. The main level formerly housed a neighborhood market and retains a walk-in cooler room, while the upper floor contains a remodeled three-bedroom, two-bath apartment with living areas, a large deck, and views across the bay. An older mobile home is also included, with flooring and paint work identified for potential rental use or possible removal and replacement.
Located at 67552 E Bay Rd in North Bend, Oregon, the property is surrounded by residences and positioned near the Oregon Dunes. Bay-facing views, an existing commercial layout, and multiple structures create a flexible live-work configuration. The property was built in 1978 and is zoned RC. Heating includes forced air and zoned systems, with a composition roof and board-and-batten/T1-11 siding.
Located at 67552 E Bay Rd in North Bend, Oregon, the property is surrounded by residences and positioned near the Oregon Dunes. Bay-facing views, an existing commercial layout, and multiple structures create a flexible live-work configuration. The property was built in 1978 and is zoned RC. Heating includes forced air and zoned systems, with a composition roof and board-and-batten/T1-11 siding.
Key Highlights
- 4,600‑square‑foot mixed‑use property on a 0.4‑acre site
- Remodeled three‑bedroom, two‑bath apartment with large deck
- Former neighborhood market space includes a walk‑in cooler room
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
6.41%
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 6.41%
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.
Property Analytics
Property Profile
Current Use
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 - Two-level improvements combine a former neighborhood market with a remodeled apartment and an additional mobile home.
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 on a 0.4‑acre site; Remodeled three‑bedroom, two‑bath apartment with large deck; Former neighborhood market space includes a walk‑in cooler room
