Four-Bay Automotive Repair
For Sale
$650,000
711 Spruce St, Myrtle Point, OR 97458
Paved automotive facility with service bays, loft storage, office space, and dedicated electrical capacity.
Property Size3,760 SF
Price / SF$172.87
Days on Market51
Property Features for 711 Spruce St
General Information
Standard status
Active
Size
3,760 SF
Additional Details
Utilities to Site
Yes
Service Bays
4
Amenities
fully paved lot
drive-over oil/lube pit
office/waiting area
ADA-compliant bathroom
plumbing for additional restroom
Building Details
Year Built
1995
Buildings
1
Construction
wood frame
Abandoned
No
Listing Agency:
Premiere Property Group, LLC
Listed By:
Mark James · License #201210837
(541) 808-4566
Source:
Wisser
Added: Aug 24
Changed: Oct 4
Last Checked: Oct 12 at 10:47PM
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 Premiere Property Group, LLC
Investment Insights
Based on property information with market context.
Located at 711 Spruce St in Myrtle Point, this 1995 automotive repair facility includes 3,760 square feet of shop space and 1,100 square feet of loft storage on nearly ¼ acre. The property is fully paved and configured with four service bays, with room for a potential fifth bay, along with a 275-square-foot office and waiting area and an ADA-compliant bathroom.
Improvements include two brand-new lifts, a drive-over oil/lube pit, 240V power, and two 200-amp service panels. Plumbing is in place for an additional restroom. The building features 2x6 framed walls, double sheetrock, and an attic firebreak. Equipment may be purchased separately, with an inventory list available.
Improvements include two brand-new lifts, a drive-over oil/lube pit, 240V power, and two 200-amp service panels. Plumbing is in place for an additional restroom. The building features 2x6 framed walls, double sheetrock, and an attic firebreak. Equipment may be purchased separately, with an inventory list available.
Key Highlights
- 3,760 SQ FT shop plus 1,100 SQ FT loft storage on nearly ¼ acre
- Four spacious bays with potential for a fifth
- Two brand‑new lifts and a drive‑over oil/lube pit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,796
Cap Rate
6.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$795,920
$795.9K
Cap Rate 7%
$568,514
$568.5K
Cap Rate 9%
$442,178
$442.2K
Market Conditions
NOI Build-Up for 3,760 SF
Gross rent
$63.2K $16.80/SF
− Vacancy
−$6.3K −$1.68/SF
EGI
$56.9K $15.12/SF
− OpEx
−$17.1K −$4.54/SF
NOI
$39.8K $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 Rate 5%
$795,920
Cap Rate 7%
$568,514
Cap Rate 9%
$442,178
Alternative Uses
Best Use
Retail
$568.5K
$497.5K – $663.3K
NOI $39,796 @ 7.0% cap · market cap 6.12%
Second Best
Industrial
$433.6K
$379.4K – $505.9K
NOI $30,355 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$680.7K
$595.6K – $794.1K
NOI $47,647 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Service bays
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
190
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97458, OR
4,729
Population
2,376
Households
2
Avg Household Size
50
Median Age
13%
College-Educated
90%
High-School Grad
360.9 sq mi
ZIP Area
13
Density / Sq Mi
$51,703
Median Household Income
$41,406
Median Earnings
$800
Median Rent
$251,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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Similar Off Market Nearby
- Pete's Superior Collision Facility — 1541 Roseburg Rd, Myrtle Point, OR 97458
- Ken's Auto Services — 642 8th St, Myrtle Point, OR 97458
- Outlaw Auto Tire & Lube — 711 Spruce St, Myrtle Point, OR 97458
- Myrtle Point Gas — 734 Spruce St, Myrtle Point, OR 97458
Frequently Asked Questions
What type of property is this?
Auto shop - Paved automotive facility with service bays, loft storage, office space, and dedicated electrical capacity.
Where is this auto shop located?
The property is located at 711 Spruce St Myrtle Point, OR.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 3,760 SQ FT shop plus 1,100 SQ FT loft storage on nearly ¼ acre; Four spacious bays with potential for a fifth; Two brand‑new lifts and a drive‑over oil/lube pit
