Well-Managed Motel with Rental
For Sale
$1,395,000
787 N CENTRAL Blvd Unit 787, Coquille, OR 97423
26-room motel with manager's apartment and strong rental history.
Property Size10,542 SF
Price / SF$132.33
Days on Market649
Property Features for 787 N CENTRAL Blvd Unit 787
General Information
Standard status
Active
Size
10,542 SF
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$11,587
Amenities
3
Heavy Composition
C-2
30 Parking Spaces. On Site.
Mountain
Office/Library, Storage Area. Paved Road.
Building Details
Year Built
1947
Listing Agency:
Johnson Group Real Estate, LLC
(541) 559-0111
Listed By:
Belinda Mace · License #201207349
(541) 808-4775
Source:
Xome
Added: Oct 30, 2024
Changed: Aug 8
Last Checked: Aug 8 at 4:40AM
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 Johnson Group Real Estate, LLC
Investment Insights
Based on property information with market context.
This well-managed motel features 26 guest rooms and includes an office with a manager's apartment containing 3 bedrooms and 2 bathrooms. The established local business has a strong rental history. Upgrades include flooring and a natural gas connection. Themed rooms feature patriotic, wildlife, forest, flowers, ferns, fish, and Sasquatch designs. Furniture updates include chest hide-away extra beds in several rooms and new granite countertops in many rooms. A new reservation and management software is included with the sale, along with a security system. A large reader board sign provides value to the community and generates extra income. The property size is 10542 square feet.
Key Highlights
- Established motel business with great rental history.
- Includes a 3‑bedroom/2‑bath apartment for the manager/owner.
- Recent upgrades including flooring, natural gas connection, and themed rooms.
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
$81,121
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
5.82%
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%
$1,622,420
$1.6M
Cap Rate 7%
$1,158,871
$1.2M
Cap Rate 9%
$901,344
$901.3K
Market Conditions
NOI Build-Up for 10,542 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
$189.8K $18.00/SF
− Vacancy
−$19.0K −$1.80/SF
EGI
$170.8K $16.20/SF
− OpEx
−$89.7K −$8.51/SF
NOI
$81.1K $7.69/SF
Area
Coos County, OR
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
52.50%
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%
$1,622,420
Cap Rate 7%
$1,158,871
Cap Rate 9%
$901,344
Alternative Uses
Best Use
Hotel Hospitality
$1.16M
$1.01M – $1.35M
NOI $81,121 @ 7.0% cap · market cap 5.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,588 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
406
Businesses Nearby
Under-served
Demand for This Use
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
Questions? Ask Rey
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Similar Off Market Nearby
- Myrtle Lane Inn — 787 N Central Blvd, Coquille, OR 97423
Frequently Asked Questions
What type of property is this?
Motel - 26-room motel with manager's apartment and strong rental history.
Where is this motel located?
The property is located at 787 N CENTRAL Blvd Unit 787 Coquille, OR.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Established motel business with great rental history.; Includes a **3‑bedroom/2‑bath apartment** for the manager/owner.; Recent upgrades including flooring, natural gas connection, and themed rooms.
