Riverfront Office
For Sale
$549,000
751 W RIVERSIDE Dr, Coquille, OR 97423
CommercialSale, Coquille, OR
Property Size3,456 SF
Lot Size0.73 Acres
Price / SF$158.85
Days on Market1640
Property Features for 751 W RIVERSIDE Dr
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-2
View
River
Directions
Hwy 42 to Riverside Dr.
Subdivision
_260
Standard status
Active
APN
888200
Size
3,456 SF
Lot size
0.73 Acres
Taxes and HOA fees
Tax Description
28-13-01B TL 00700
Tax Annual Amount
3852
Legal Description
28-13-01B TL 00700
Utilities
Heating system
Zoned
Water front features
River Front
Water front
1
Amenities
large deck overlooking river front
Building Details
Year built
1960
Building materials
CementSiding, Concrete, WoodFrame
Roof type
Metal
Listing Agency:
Pacific Properties
(541) 269-5263
Listed By:
Joel Sweet · License #201214598
(541) 290-9597
Added: Feb 28, 2022
Changed: Aug 25
Last Checked: Aug 26 at 7:06AM
MLS# 22524939
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 office property in Coquille includes 3,456 square feet on 0.73 acres, with a shared entry lobby serving updated office areas. Construction features cement siding, concrete, wood framing, a metal roof, and zoned heating. A separate shop includes its own office and bathroom and is currently vacant, while long-term leases are in place elsewhere in the property.
The site fronts the river and includes a large deck oriented toward the waterfront. A paved parking area serves the improvements. Built in 1960, the property is zoned C-2 and combines office accommodations with additional shop space in a commercial setting.
The site fronts the river and includes a large deck oriented toward the waterfront. A paved parking area serves the improvements. Built in 1960, the property is zoned C-2 and combines office accommodations with additional shop space in a commercial setting.
Key Highlights
- 3,456‑square‑foot office property on 0.73 acres
- Riverfront setting with a large deck overlooking the water
- C‑2 zoning in Coquille, OR 97423
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
$32,099
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
5.85%
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%
$641,980
$642.0K
Cap Rate 7%
$458,557
$458.6K
Cap Rate 9%
$356,656
$356.7K
Market Conditions
NOI Build-Up for 3,456 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
$49.8K $14.40/SF
− Vacancy
−$7.0K −$2.02/SF
EGI
$42.8K $12.38/SF
− OpEx
−$10.7K −$3.10/SF
NOI
$32.1K $9.29/SF
Area
Coos County, OR
Vacancy
14.00%
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%
$641,980
Cap Rate 7%
$458,557
Cap Rate 9%
$356,656
Alternative Uses
Best Use
Office B
$458.6K
$401.2K – $535.0K
NOI $32,099 @ 7.0% cap · market cap 5.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$625.6K
$547.4K – $729.9K
NOI $43,794 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
293
Businesses Nearby
Explore this area
Business Placement
Demographics for 97423, OR
6,986
Population
2,835
Households
2.5
Avg Household Size
49
Median Age
19%
College-Educated
91%
High-School Grad
126.6 sq mi
ZIP Area
55
Density / Sq Mi
$57,665
Median Household Income
$36,250
Median Earnings
$1,150
Median Rent
$266,200
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Office property with updated suites, a shared lobby, river views, and a separate shop with office and bathroom.
Where is this office units located?
The property is located at 751 W RIVERSIDE Dr Coquille, OR.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 3,456‑square‑foot office property on 0.73 acres; Riverfront setting with a large deck overlooking the water; C‑2 zoning in Coquille, OR 97423
