Neighborhood Pub with
New
For Sale
$299,000
702 Newmark Ave, Coos Bay, OR 97420
The offering combines the tavern real estate and business with six lottery machines, a pool table, and four TVs.
Property Size1,250 SF
Price / SF$239.20
Days on Market3
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
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$1,613
Building Details
Building Size
1,250 SF
Year Built
1931
Listing Agency:
Pacific Properties
Listed By:
Randy Hoffine · License #200405075
(541) 260-2651
Source:
Duanejohnson
Added: Oct 22
Changed: Oct 24
Last Checked: Oct 23 at 4:54PM
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
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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, six lottery machines, a pool table, and four televisions. The property is zoned C-2.
The pub is located across from a newly built apartment building in Coos Bay, Oregon.
The pub is located across from a newly built apartment building in Coos Bay, Oregon.
Key Highlights
- 1,250‑square‑foot tavern built in 1931
- Sale includes the real estate and business
- Six lottery machines, a pool table, and four TVs are included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,040
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
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
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 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 4.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$226.3K
$198.0K – $264.0K
NOI $15,840 @ 7.0% cap · market cap 5.30%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
221
Businesses Nearby
22k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 84%
Dining 10%
Home Improvements & Furnishings 6%
Chevron
Shops & Services
9,602 visits/mo
0.2 miles
7-Eleven
Shops & Services
8,588 visits/mo
0.3 miles
SUBWAY
Dining
2,157 visits/mo
0.1 miles
Fastenal
Home Improvements & Furnishings
1,200 visits/mo
0.3 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Silver Dollar Tavern — 479 Newmark Ave, Coos Bay, OR 97420
- The Dolphin Playhouse--home of the Dolphin Players — 580 Newmark Ave, Coos Bay, OR 97420
- O' Bradi — 702 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 - The offering combines the tavern real estate and business with six lottery machines, a pool table, and four TVs.
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 $299,000.
What are key features of this property?
This property features: 1,250‑square‑foot tavern built in 1931; Sale includes the real estate and business; Six lottery machines, a pool table, and four TVs are included
