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 Market14
Property Features for 68964 Wildwood Rd
General Information
Standard status
Active
Size
3,228 SF
Building Details
Year Built
1936
Listing Agency:
Pacific Properties
(541) 269-5263
Listed By:
Joel Sweet · License #201214598
Source:
Rosecityrealtygroup
Added: Aug 16
Changed: Aug 28
Last Checked: Aug 28 at 7:57PM
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 = 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
$34,165
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
8.04%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
30
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 - 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
