Riverfront Income Property with
751 W Riverside Dr Coquille, OR 97423
751 W Riverside Dr, Coquille, OR, 97423
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For Sale
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Income-generating riverfront property with long-term leases and a vacant shop.
Property Size3,456 SF
Price / SF$151.91
Days on Market955
Property Features for 751 W Riverside Dr
General Information
- Standard status
- Active
- Size
- 3,456 SF
- Property subtype
- Retail, Land
Building Details
- Year Built
- 1960
Listing Agency
Pacific Properties
(541) 269-5263
Listed by
Joel Sweet · License #201214598
Source
Crexi
Added: Dec 5, 2023 Checked: Jul 16 at 9:50 am
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.
This riverfront income property generates $3,250 per month from long-term leases. The buildings feature metal roofs, hardy cement siding, and massive concrete pillar foundations. The layout includes a common lobby area leading to clean, updated spaces with attractive finishes and fixtures. A large deck overlooks the riverfront. A separate shop with an office and bathroom is currently vacant and could be leased for $950 per month. The owner covers taxes, insurance, water/sewer, and garbage, while tenants pay for electric, gas, and janitorial services. The property includes a large paved parking area. The property size is 3,456 square feet. This property is suitable for retail and commercial use.
Key Highlights
- River front income property generating $3,250 per month with long term leases.
- Separate vacant shop with office and bathroom, potential for additional $950/month lease income.
- Buildings built to last with metal roof, hardy cement siding, and massive concrete pillar foundation.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $58.1k | $16.80 |
| − Vacancy | −$5.8k | −$1.68 |
| EGI | $52.3k | $15.12 |
| − OpEx | −$15.7k | −$4.54 |
| NOI | $36.6k | $10.58 |
3,456 SF · lease $16.80/SF/yr · vacancy 10.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$522.5K
$457.2K – $609.6K
NOI $36,578 @ 7.0% cap · market cap 6.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$625.6K
$547.4K – $729.9K
NOI $43,794 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail properties & Spaces
Similar For Sale Nearby
FAQs
What type of property is this?
Retail property - Income-generating riverfront property with long-term leases and a vacant shop.
Where is this retail property located?
The property is located at 751 W Riverside Dr Coquille, OR.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: River front income property generating $3,250 per month with long term leases.; Separate vacant shop with office and bathroom, potential for additional $950/month lease income.; Buildings built to last with metal roof, hardy cement siding, and massive concrete pillar foundation.
