Two-Storefront Commercial
New
For Sale
$329,000
757 Newmark Ave, Coos Bay, OR 97420
Street-facing display windows and multiple entrances support a flexible storefront layout.
Property Size2,430 SF
Price / SF$135.39
Days on Market7
Property Features for 757 Newmark Ave
General Information
Standard status
Active
Size
2,430 SF
Property subtype
Commercial
Amenities
large street-facing display windows
multiple entrances
several restrooms
storage and work areas
rear off-street parking
Building Details
Year Built
1953
Listing Agency:
MORE Realty
Listed By:
Justin Hess · License #201233567
(435) 237-1840
Source:
Portlandpropertylistings
Added: Oct 26
Changed: Oct 31
Last Checked: Nov 1 at 5:53AM
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 MORE Realty
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Investment Insights
Based on property information with market context.
Two adjoining storefronts at 753 and 757 Newmark Avenue comprise a 2,430-square-foot commercial property built in 1953. The interior includes several restrooms, storage and work areas, and multiple entrances. Electrical updates and other improvements have been completed over time, and the layout can accommodate separate businesses or a combined operation.
The property fronts Newmark Avenue, with sidewalk access and rear off-street parking. Established businesses are nearby.
The property fronts Newmark Avenue, with sidewalk access and rear off-street parking. Established businesses are nearby.
Key Highlights
- Two adjoining storefronts totaling 2,430 square feet
- Built in 1953
- Display windows face Newmark Avenue, with sidewalk access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,719
Cap Rate
7.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$514,380
$514.4K
Cap Rate 7%
$367,414
$367.4K
Cap Rate 9%
$285,767
$285.8K
Market Conditions
NOI Build-Up for 2,430 SF
Gross rent
$40.8K $16.80/SF
− Vacancy
−$4.1K −$1.68/SF
EGI
$36.7K $15.12/SF
− OpEx
−$11.0K −$4.54/SF
NOI
$25.7K $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%
$514,380
Cap Rate 7%
$367,414
Cap Rate 9%
$285,767
Alternative Uses
Best Use
Retail
$367.4K
$321.5K – $428.7K
NOI $25,719 @ 7.0% cap · market cap 7.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$439.9K
$384.9K – $513.2K
NOI $30,793 @ 7.0% cap · market cap 9.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
221
Businesses Nearby
22k
Monthly Visits Nearby
Under-served
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Storefront property - Street-facing display windows and multiple entrances support a flexible storefront layout.
Where is this storefront property located?
The property is located at 757 Newmark Ave Coos Bay, OR.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Two adjoining storefronts totaling 2,430 square feet; Built in 1953; Display windows face Newmark Avenue, with sidewalk access
