Four-Bay Automotive Repair
For Sale
$650,000
711 SPRUCE St, Myrtle Point, OR 97458
CommercialSale, MyrtlePoint, OR
Property Size3,760 SF
Lot Size0.22 Acres
Price / SF$172.87
Days on Market447
Property Features for 711 SPRUCE St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CR
View
City, Territorial
Directions
In Myrtle Point 8th St west on Spruce.
Subdivision
_260
Standard status
Active
APN
3465700
Size
3,760 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Description
29S 1209-CC-03000 -- Lots 1 and 2, Block 16, Extension of Myrtle Point, Coos County, Oregon
Tax Annual Amount
3700
Legal Description
29S 1209-CC-03000 -- Lots 1 and 2, Block 16, Extension of Myrtle Point, Coos County, Oregon
Amenities
office/waiting area
ADA-compliant bathroom
loft storage
fully paved
240V power
200-amp service panels
plumbing for additional restroom
drive-over oil/lube pit
Building Details
Year built
1995
Floors in Building
1
Building materials
Concrete, T111Siding, WoodFrame
Roof type
Composition
Listing Agency:
Premiere Property Group, LLC
(541) 808-4566
Listed By:
Mark James · License #201210837
(541) 740-9854
Added: Jun 9, 2025
Changed: Aug 25
Last Checked: Aug 29 at 12:06PM
MLS# 342217535
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 automotive repair facility includes a 3,760-square-foot shop and 1,100 square feet of loft storage on a 0.22-acre parcel. The building has four bays with potential for a fifth, two new lifts, a drive-over oil and lube pit, and 240V power supported by two 200-amp service panels. A 275-square-foot office and waiting area, ADA-compliant bathroom, and plumbing for another restroom add functional support space. Construction includes concrete, wood framing, T1-11 siding, and composition roofing; the structure was built in 1995.
The property is currently operating as an automotive repair shop and is fully paved. Its existing configuration also supports uses identified in the property information, including detailing, vehicle customization, stereo installation, car wrapping, towing services, and impound storage. Equipment may be available separately, with an inventory list provided by the seller.
The property is currently operating as an automotive repair shop and is fully paved. Its existing configuration also supports uses identified in the property information, including detailing, vehicle customization, stereo installation, car wrapping, towing services, and impound storage. Equipment may be available separately, with an inventory list provided by the seller.
Key Highlights
- 3,760 SF automotive shop with 1,100 SF loft storage
- Four service bays with potential for a fifth
- Two brand‑new lifts and drive‑over oil/lube pit
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
$39,796
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
6.12%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
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
- 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 - Operating repair facility with loft storage, heavy electrical service, paved grounds, and room for additional restroom plumbing.
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 SF automotive shop with 1,100 SF loft storage; Four service bays with potential for a fifth; Two brand‑new lifts and drive‑over oil/lube pit
