Mixed-Use Property with Upper-Level
For Sale
$425,000
68964 Wildwood Rd, North Bend, OR 97459
RC-zoned property combines commercial space, finished living quarters, and a separate manufactured home.
Property Size3,228 SF
Price / SF$131.66
Days on Market60
Property Features for 68964 Wildwood Rd
General Information
Standard status
Active
Size
3,228 SF
Building Details
Year Built
1936
Listing Agency:
Pacific Properties
Listed By:
Joel Sweet · License #201214598
(541) 269-5263
Source:
Rosecityrealtygroup
Added: Aug 16
Changed: Sep 12
Last Checked: Oct 12 at 10:46PM
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
Investment Insights
Based on property information with market context.
This mixed-use property includes a two-level commercial building and a separate manufactured home on a level 0.58-acre parcel. The commercial building has an updated interior and exterior, with an open main floor, walk-in cooler, and half bathroom. Its upper level contains a kitchen, full bathroom, bedroom, and living area that can function as living or workspace. The separate manufactured home provides 3 bedrooms, 2 full bathrooms, an open living and kitchen layout, newer appliances, and abundant natural light.
Zoned RC (Rural Center), the property is positioned near the Oregon Dunes National Recreation Area. The zoning framework is described as supporting potential residential, commercial, tourist-commercial, and live/work applications, subject to verification with Coos County Planning. The property dates to 1936 and offers 3,228 of reported property size.
Zoned RC (Rural Center), the property is positioned near the Oregon Dunes National Recreation Area. The zoning framework is described as supporting potential residential, commercial, tourist-commercial, and live/work applications, subject to verification with Coos County Planning. The property dates to 1936 and offers 3,228 of reported property size.
Key Highlights
- 0.58‑acre level lot with RC (Rural Center) zoning
- Two‑level commercial building with updated interior and exterior
- Open main floor includes a walk‑in cooler and half bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,165
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$683,300
$683.3K
Cap Rate 7%
$488,071
$488.1K
Cap Rate 9%
$379,611
$379.6K
Market Conditions
NOI Build-Up for 3,228 SF
Gross rent
$54.2K $16.80/SF
− Vacancy
−$5.4K −$1.68/SF
EGI
$48.8K $15.12/SF
− OpEx
−$14.6K −$4.54/SF
NOI
$34.2K $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%
$683,300
Cap Rate 7%
$488,071
Cap Rate 9%
$379,611
Alternative Uses
Best Use
Retail
$488.1K
$427.1K – $569.4K
NOI $34,165 @ 7.0% cap · market cap 8.04%
Second Best
Office B
$428.3K
$374.8K – $499.7K
NOI $29,982 @ 7.0% cap · market cap 7.05%
Theoretical Best
Office A
$584.4K
$511.3K – $681.8K
NOI $40,905 @ 7.0% cap · market cap 9.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
30
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - RC-zoned property combines commercial space, finished living quarters, and a separate manufactured home.
Where is this mixed-use property located?
The property is located at 68964 Wildwood Rd North Bend, OR.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 0.58‑acre level lot with RC (Rural Center) zoning; Two‑level commercial building with updated interior and exterior; Open main floor includes a walk‑in cooler and half bathroom
