O'Bradi Pub with
For Sale
$399,000
702 Newmark Ave, Coos Bay, OR 97420
Tavern sale includes the real estate, operating business, and equipment.
Property Size1,250 SF
Price / SF$319.20
Days on Market365
Property Features for 702 Newmark Ave
General Information
Standard status
Active
Size
1,250 SF
Property subtype
Commercial
Zoning
C-2
Additional Details
Business Included
Yes
Equipment Included
Yes
Taxes and HOA fees
Annual Taxes
$1,613
Building Details
Building Size
1,250 SF
Year Built
1931
Listing Agency:
Pacific Properties
(541) 260-2651
Listed By:
Randy Hoffine · License #200405075
(541) 260-2651
Source:
Allprofessionalsre
Added: Aug 13, 2025
Changed: Aug 12
Last Checked: Aug 12 at 4:56AM
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.
O'Bradi Pub is a 1,250-square-foot tavern built in 1931. The sale includes the real estate, operating business, and equipment, providing an existing bar setup with 7 lottery machines, a pool table, and 4 TVs.
The property is located at 702 Newmark Ave in Coos Bay, Oregon, across from an apartment building. C-2 zoning supports the property’s established commercial setting.
The property is located at 702 Newmark Ave in Coos Bay, Oregon, across from an apartment building. C-2 zoning supports the property’s established commercial setting.
Key Highlights
- 1,250‑square‑foot tavern built in 1931
- Sale includes real estate, operating business, and equipment
- 7 lottery machines included
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
$13,040
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
3.27%
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%
$260,800
$260.8K
Cap Rate 7%
$186,286
$186.3K
Cap Rate 9%
$144,889
$144.9K
Market Conditions
NOI Build-Up for 1,250 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
$18.0K $14.40/SF
− Vacancy
−$614 −$0.49/SF
EGI
$17.4K $13.91/SF
− OpEx
−$4.3K −$3.48/SF
NOI
$13.0K $10.43/SF
Area
Coos County, OR
Vacancy
3.41%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
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%
$260,800
Cap Rate 7%
$186,286
Cap Rate 9%
$144,889
Alternative Uses
Best Use
Specialty Retail
$186.3K
$163.0K – $217.3K
NOI $13,040 @ 7.0% cap · market cap 3.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$226.3K
$198.0K – $264.0K
NOI $15,840 @ 7.0% cap · market cap 3.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
317
Businesses Nearby
157k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 49%
Dining 31%
Shops & Services 10%
Office Supplies 6%
Walmart
Superstores
77,423 visits/mo
0.2 miles
Starbucks
Dining
15,780 visits/mo
0.1 miles
Bi-Mart
Shops & Services
14,424 visits/mo
0.5 miles
Arby's
Dining
10,536 visits/mo
0.1 miles
Staples
Office Supplies
9,739 visits/mo
0.2 miles
Demographics for 97420, OR
27,454
Population
12,967
Households
2.1
Avg Household Size
46
Median Age
19%
College-Educated
89%
High-School Grad
273.9 sq mi
ZIP Area
100
Density / Sq Mi
$61,624
Median Household Income
$35,536
Median Earnings
$982
Median Rent
$282,300
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- The Dolphin Playhouse--home of the Dolphin Players — 580 Newmark Ave, Coos Bay, OR 97420
- O' Bradi — 702 Newmark Ave, Coos Bay, OR 97420
- Silver Dollar Tavern — 479 Newmark Ave, Coos Bay, OR 97420
- Belle Bee Tavern — 702 newmark ave, coos bay, or 97420
Frequently Asked Questions
What type of property is this?
Bar & Pub - Tavern sale includes the real estate, operating business, and equipment.
Where is this bar & pub located?
The property is located at 702 Newmark Ave Coos Bay, OR.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 1,250‑square‑foot tavern built in 1931; Sale includes real estate, operating business, and equipment; 7 lottery machines included
