Pub Property With Included
For Sale
$399,000
702 NEWMARK Ave, Coos Bay, OR 97420
CommercialSale, CoosBay, OR
Property Size1,250 SF
Price / SF$319.20
Days on Market379
Property Features for 702 NEWMARK Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-2
Directions
Newmark Ave, at corner of N Wasson
Subdivision
_260
Standard status
Active
APN
1874711
Size
1,250 SF
Taxes and HOA fees
Tax Description
25S 13 20BA TL 11100
Tax Annual Amount
1614
Legal Description
25S 13 20BA TL 11100
Utilities
Heating system
Zoned
Building Details
Year built
1931
Listing Agency:
Pacific Properties
(541) 269-5263
Listed By:
Randy Hoffine · License #200405075
(541) 260-2651
Added: Aug 13, 2025
Changed: Aug 25
Last Checked: Aug 26 at 7:06AM
MLS# 492088781
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 1,250-square-foot pub property is offered with the real estate, business, and equipment included. The inventory includes 7 lottery machines, a pool table, and 4 TVs. Built in 1931, the building has Zoned heating and carries C-2 zoning.
The property is located at 702 Newmark Ave in CoosBay, Oregon, across from a brand-new apartment building. The offering combines an established pub operation with the underlying commercial real estate and its existing equipment package.
The property is located at 702 Newmark Ave in CoosBay, Oregon, across from a brand-new apartment building. The offering combines an established pub operation with the underlying commercial real estate and its existing equipment package.
Key Highlights
- 1,250‑square‑foot pub property with real estate, business, and equipment included
- 7 lottery machines included in the sale
- Pool table and 4 TVs 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
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
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
- 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 pub business, real estate, and equipment in a C-2-zoned commercial property.
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 pub property with real estate, business, and equipment included; 7 lottery machines included in the sale; Pool table and 4 TVs included
