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Residential Care Facility on Large Grounds

87326 McTimmons Ln, Bandon, OR 97411

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For Sale

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20-unit residential care facility on 5.33 acres near ocean.

Type:Senior Living

Property size:

18,200 SF

Lot size:

5.33 Acres

Price / SF:

$97/SF

HighLights

Expansive 5.33‑acre property with beautifully landscaped grounds.
One‑level, 20‑unit, 30‑bed residential care facility.
Includes a single‑family residence for caregivers, two detached garages, and a spacious storage warehouse/shop.
Tranquil setting with walking trails, wooded areas, open fields, and a fishpond.
Versatile property suitable for various uses: residential care, rehabilitation, treatment center, or corporate retreat.
Ideally situated near the ocean, a small airport, and a golf course.

We can help!

Contact an agent

Cornell Mann

For Sale

Contact for pricing

20-unit residential care facility on 5.33 acres near ocean.

Type:Senior Living

Property size:

18,200 SF

Lot size:

5.33 Acres

Price / SF:

$97/SF

Added:: Feb 20, 2025
Days on Market:: 492
Last Refresh:: Mar 17 at 1:16 pm

Property Features for 87326 McTimmons Ln

General Information

Standard status: Active
Size: 18,200 SF
Lot size: 5.33 Acres
Property subtype: Senior Living

Building Details

Year Built: 1960

We can help!

Contact an agent

Cornell Mann

Listing office Great Western Real Estate Co

Listing date Feb 20, 2025

Source Crexi

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 Great Western Real Estate Co

HighLights

Expansive 5.33‑acre property with beautifully landscaped grounds.
One‑level, 20‑unit, 30‑bed residential care facility.
Includes a single‑family residence for caregivers, two detached garages, and a spacious storage warehouse/shop.
Tranquil setting with walking trails, wooded areas, open fields, and a fishpond.
Versatile property suitable for various uses: residential care, rehabilitation, treatment center, or corporate retreat.
Ideally situated near the ocean, a small airport, and a golf course.

Overview

This one-level residential care facility features 20 units and 30 beds, situated on 5.33 acres of landscaped grounds. The property includes a single-family residence intended for caregivers, along with two detached garages and a storage warehouse/shop. Outdoor amenities include walking trails through wooded areas, open fields, and a fishpond. The property is located near the ocean, a small airport, and a golf course. It is suited for use as a residential care facility, rehabilitation center, treatment center, or corporate retreat.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$294.8k	$16.20
− Vacancy	−$17.7k	−$0.97
EGI	$277.1k	$15.23
− OpEx	−$124.7k	−$6.85
NOI	$152.4k	$8.38

18,200 SF · lease $16.20/SF/yr · vacancy 6.00% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$2.18M

$1.91M – $2.54M (±1% cap)

NOI $152,432 @ 7.0% cap · market cap 8.57%

Second Best

—

no second resolved use

Theoretical Best

Office A

$3.29M

$2.88M – $3.84M (±1% cap)

NOI $230,630 @ 7.0% cap · market cap 12.96%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Assisted living facilities

Suggested Use

Location Insight

Map
Local Demand

City: Bandon
County: Coos
State: Oregon
Longitude: -124.4214349
Latitude: 43.0243346

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For sale
Assisted living facilities
OR
Bandon
97411
87326 McTimmons Ln

What type of property is this?

Assisted living facility - 20-unit residential care facility on 5.33 acres near ocean.

Where is this assisted living facility located?

The property is located at 87326 McTimmons Ln Bandon, OR.

What is the asking price?

The asking price for this property is $1,779,000.

What are key features of this property?

This property features: Expansive 5.33‑acre property with beautifully landscaped grounds.; One‑level, 20‑unit, 30‑bed residential care facility.; Includes a single‑family residence for caregivers, two detached garages, and a spacious storage warehouse/shop.