Residential Care Facility on Large
For Sale
Contact for pricing
Pending
87326 McTimmons Ln, Bandon, OR 97411
20-unit residential care facility on 5.33 acres near ocean.
Property Size18,200 SF
Lot Size5.33 Acres
Days on Market537
Property Features for 87326 McTimmons Ln
General Information
Standard status
Pending
Size
18,200 SF
Lot size
5.33 Acres
Property subtype
Senior Living
Building Details
Year Built
1960
Year Renovated
2021
Buildings
2
Stories
1
Units
30
Listing Agency:
Great Western Real Estate Co
(503) 255-7775
Listed By:
Cornell Mann · License #OR 911000262
Source:
Crexi
Added: Feb 20, 2025
Changed: Aug 8
Last Checked: Aug 9 at 9:33AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
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
$152,432
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
8.57%
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%
$3,048,640
$3.0M
Cap Rate 7%
$2,177,600
$2.2M
Cap Rate 9%
$1,693,689
$1.7M
Market Conditions
NOI Build-Up for 18,200 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
$294.8K $16.20/SF
− Vacancy
−$17.7K −$0.97/SF
EGI
$277.1K $15.23/SF
− OpEx
−$124.7K −$6.85/SF
NOI
$152.4K $8.38/SF
Area
Coos County, OR
Vacancy
6.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
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%
$3,048,640
Cap Rate 7%
$2,177,600
Cap Rate 9%
$1,693,689
Alternative Uses
Best Use
Apartment 5plus
$2.18M
$1.91M – $2.54M
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
NOI $230,630 @ 7.0% cap · market cap 12.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97411, OR
7,572
Population
4,396
Households
1.7
Avg Household Size
59
Median Age
27%
College-Educated
95%
High-School Grad
128.6 sq mi
ZIP Area
59
Density / Sq Mi
$48,476
Median Household Income
$27,375
Median Earnings
$920
Median Rent
$425,800
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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.
