Updated Mixed-Use
For Sale
$425,000
68964 WILDWOOD Rd, North Bend, OR 97459
CommercialSale, NorthBend, OR
Property Size3,228 SF
Lot Size0.58 Acres
Price / SF$131.66
Days on Market91
Property Features for 68964 WILDWOOD Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
RC
Directions
HWY 101 north to Hauser, right on south entrance to Wildwood Rd to address on the left
Subdivision
_260
Standard status
Active
APN
165004
Size
3,228 SF
Lot size
0.58 Acres
Taxes and HOA fees
Tax Description
24-13-11CB 00600
Tax Annual Amount
1775
Legal Description
24-13-11CB 00600
Utilities
Heating system
Forced Air, Baseboard
Amenities
walk-in cooler
half bath
kitchen
full bathroom
bedroom
living area
newer appliances
abundant natural light
Building Details
Year built
1936
Listing Agency:
Pacific Properties
(541) 269-5263
Listed By:
Joel Sweet · License #201214598
(541) 290-9597
Added: May 28
Changed: Aug 25
Last Checked: Aug 26 at 4:06AM
MLS# 798855842
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 mixed-use property combines an updated commercial building with a separate manufactured home on a level 0.58-acre parcel. The commercial structure provides an open main floor with a walk-in cooler and half bathroom, while the upper floor includes a kitchen, full bathroom, bedroom, and living area that can function as finished living or workspace. The building dates to 1936 and has been updated inside and out.
The manufactured home adds three bedrooms, two full bathrooms, an open living and kitchen layout, newer appliances, and abundant natural light. RC zoning, identified as Rural Center, may support retail, café or small food service, office or service businesses, tourist-oriented operations, mixed-use live/work arrangements, rental housing tied to the primary use, and other small commercial activities, subject to verification with Coos County Planning. The property is in North Bend, near the Oregon Dunes National Recreation Area.
The manufactured home adds three bedrooms, two full bathrooms, an open living and kitchen layout, newer appliances, and abundant natural light. RC zoning, identified as Rural Center, may support retail, café or small food service, office or service businesses, tourist-oriented operations, mixed-use live/work arrangements, rental housing tied to the primary use, and other small commercial activities, subject to verification with Coos County Planning. The property is in North Bend, near the Oregon Dunes National Recreation Area.
Key Highlights
- 3,228‑square‑foot mixed‑use property on a level 0.58‑acre lot
- RC (Rural Center) zoning in Coos County
- Commercial building includes open main level, 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level commercial building with a separate manufactured home supports varied business, residential, and live-work configurations.
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: 3,228‑square‑foot mixed‑use property on a level 0.58‑acre lot; RC (Rural Center) zoning in Coos County; Commercial building includes open main level, walk‑in cooler, and half bathroom
