Renovated Live-Work
890 2nd St, Bandon, OR 97411
For Sale
$450,000
C-2-zoned space pairs flexible interior areas with residential-style rooms and two laundry hookups.
Property Size1,804 SF
Price / SF$249.45
Days on Market424
Property Features for 890 2nd St
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Condition
Taxes and HOA fees
Annual Taxes
Amenities
grandfathered sign
Building Details
Building Size
Year Built
Listing Agency:
Century 21 Northstar
(541) 267-2221
Listed By:
Mindy Boston · License #200402144
(541) 297-8123
Source:
Eaglecaprealty
Added: Sep 12, 2025
Changed: Nov 7
Last Checked: Nov 8 at 1:08PM
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 Century 21 Northstar
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Investment Insights
Based on property information with market context.
This renovated 1,804-square-foot live-work property has a large flexible area, four additional rooms, a living room, kitchen and dining area. Two bathrooms and two laundry hookups add to the interior configuration. The property was built in 1945 and is zoned C-2.
The site is fully fenced and includes mature landscaping, fruit trees and southern exposure. A grandfathered sign is also in place, and the property fronts 2nd Street along the main route through town.
The site is fully fenced and includes mature landscaping, fruit trees and southern exposure. A grandfathered sign is also in place, and the property fronts 2nd Street along the main route through town.
Key Highlights
- 1,804 square feet of live‑work space
- Large flexible area plus four additional rooms, living room, kitchen and dining area
- Two bathrooms and two laundry hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,756
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,120
$335.1K
Cap Rate 7%
$239,371
$239.4K
Cap Rate 9%
$186,178
$186.2K
Market Conditions
NOI Build-Up for 1,804 SF
Gross rent
$26.0K $14.40/SF
− Vacancy
−$3.6K −$2.02/SF
EGI
$22.3K $12.38/SF
− OpEx
−$5.6K −$3.10/SF
NOI
$16.8K $9.29/SF
Area
Coos County, OR
Vacancy
14.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,120
Cap Rate 7%
$239,371
Cap Rate 9%
$186,178
Alternative Uses
Best Use
Office B
$239.4K
$209.5K – $279.3K
NOI $16,756 @ 7.0% cap · market cap 3.72%
Second Best
Mixed Use
$231.2K
$202.3K – $269.7K
NOI $16,182 @ 7.0% cap · market cap 3.60%
Theoretical Best
Office A
$326.6K
$285.8K – $381.0K
NOI $22,860 @ 7.0% cap · market cap 5.08%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
483
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Live-work space - C-2-zoned space pairs flexible interior areas with residential-style rooms and two laundry hookups.
Where is this live-work space located?
The property is located at 890 2nd St Bandon, OR.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 1,804 square feet of live‑work space; Large flexible area plus four additional rooms, living room, kitchen and dining area; Two bathrooms and two laundry hookups
