Self Storage Facility with RV
For Sale
$699,000
87563 OBERMAN Ln, Bandon, OR 97411
CommercialSale, Bandon, OR
Property Size6,144 SF
Lot Size3.83 Acres
Price / SF$113.77
Days on Market51
Property Features for 87563 OBERMAN Ln
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-1
View
Territorial
Directions
Hwy 101 South to Oberman Rd. Turn west. Property at the gate. Includes the Hwy 101 frontage
Subdivision
_260
Standard status
Active
APN
1235402
Size
6,144 SF
Lot size
3.83 Acres
Taxes and HOA fees
Tax Description
The N 1/2 of the NE 1/4 of the SE 1/4 of Sec 1, TWN 29 S, RNG 15 W of the Willamette Meridian Coos Co,OR
Tax Annual Amount
3803
Legal Description
The N 1/2 of the NE 1/4 of the SE 1/4 of Sec 1, TWN 29 S, RNG 15 W of the Willamette Meridian Coos Co,OR
Utilities
Heating system
Zoned
Building Details
Year built
1981
Floors in Building
1
Building materials
T111Siding
Roof type
Metal
Listing Agency:
Pacific Properties
(541) 269-5263
Listed By:
Ilene Kittner · License #201212732
(541) 539-0017
Added: Jul 6
Changed: Aug 25
Last Checked: Aug 25 at 8:06AM
MLS# 738813467
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 self-storage property occupies 3.83 acres and includes a 6,144-square-foot facility with 32 storage units. The site also provides an on-site manager apartment with two bedrooms and one bathroom, an attached 10 x 23-foot garage, and attic storage. A metal roof, T111 siding, zoned heating, fencing, and a wide access gate are among the existing improvements.
The property includes field area for vehicle, RV, and boat storage, along with an additional commercial vacant lot. The vacant lot has frontage on Hwy 101 and multiple power meters. C-1 zoning applies to the property, which was built in 1981.
The property includes field area for vehicle, RV, and boat storage, along with an additional commercial vacant lot. The vacant lot has frontage on Hwy 101 and multiple power meters. C-1 zoning applies to the property, which was built in 1981.
Key Highlights
- 3.83‑acre self‑storage property with 6,144 square feet of improvements
- 32 storage units included
- On‑site manager apartment with 2 bedrooms and 1 bath
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
$60,231
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
8.62%
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%
$1,204,620
$1.2M
Cap Rate 7%
$860,443
$860.4K
Cap Rate 9%
$669,233
$669.2K
Market Conditions
NOI Build-Up for 6,144 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
$73.7K $12.00/SF
− Vacancy
−$2.9K −$0.47/SF
EGI
$70.9K $11.53/SF
− OpEx
−$10.6K −$1.73/SF
NOI
$60.2K $9.80/SF
Area
Coos County, OR
Vacancy
3.89%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
15.00%
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%
$1,204,620
Cap Rate 7%
$860,443
Cap Rate 9%
$669,233
Alternative Uses
Best Use
Warehouse
$860.4K
$752.9K – $1.00M
NOI $60,231 @ 7.0% cap · market cap 8.62%
Second Best
Self Storage
$840.5K
$735.4K – $980.6K
NOI $58,835 @ 7.0% cap · market cap 8.42%
Theoretical Best
Office A
$1.11M
$973.2K – $1.30M
NOI $77,857 @ 7.0% cap · market cap 11.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
30
Businesses Nearby
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
Market
Vacancy Rate% for Industrial 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?
Self storage facility - Fenced self-storage property includes vehicle storage areas and an on-site manager apartment.
Where is this self storage facility located?
The property is located at 87563 OBERMAN Ln Bandon, OR.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 3.83‑acre self‑storage property with 6,144 square feet of improvements; 32 storage units included; On‑site manager apartment with 2 bedrooms and 1 bath
