Mixed-Use Property with
For Sale
$680,000
91125 91125/91127 Cape Arago Hwy, Coos Bay, OR 97420
Includes a studio apartment and a divided rear shop with separate access.
Property Size3,483 SF
Price / SF$195.23
Days on Market40
Property Features for 91125 91125/91127 Cape Arago Hwy
General Information
Standard status
Active
Size
3,483 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
1 x studio
Multifamily Units
1
Amenities
balcony
Building Details
Year Built
1971
Listing Agency:
Coastal Sotheby's International Realty
(541) 269-0355
Listed By:
Juli Whelchel, Vicki Whelchel · License #930300066
Source:
Rosecityrealtygroup
Added: Jul 22
Changed: Aug 29
Last Checked: Aug 25 at 5:23AM
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 Coastal Sotheby's International Realty
Investment Insights
Based on property information with market context.
This mixed-use property combines a 1,388-square-foot restaurant, a private-entry studio apartment of approximately 600 square feet, and a rear shop completed in 2022. The apartment includes a balcony. The 30-by-50-foot shop is separated into two sections, with each area providing a roll-up door, half bath, and entry door. The restaurant is occupied by Foggy's Cafe, and the occupant is willing to lease from a new owner. The apartment also has an existing revenue stream.
Positioned along Cape Arago Highway near Bastendorff Beach, the property offers a combination of commercial, residential, and shop space within a single 3,483-square-foot property. The primary building dates to 1971, while the rear shop provides newer supporting space for owner use or additional leasing arrangements.
Positioned along Cape Arago Highway near Bastendorff Beach, the property offers a combination of commercial, residential, and shop space within a single 3,483-square-foot property. The primary building dates to 1971, while the rear shop provides newer supporting space for owner use or additional leasing arrangements.
Key Highlights
- 1,388‑square‑foot restaurant occupied by Foggy's Cafe
- Private‑entry studio apartment of approximately 600 square feet with balcony
- 2022‑built 30‑by‑50‑foot rear 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
$36,334
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
5.34%
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%
$726,680
$726.7K
Cap Rate 7%
$519,057
$519.1K
Cap Rate 9%
$403,711
$403.7K
Market Conditions
NOI Build-Up for 3,483 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
$50.2K $14.40/SF
− Vacancy
−$1.7K −$0.49/SF
EGI
$48.4K $13.91/SF
− OpEx
−$12.1K −$3.48/SF
NOI
$36.3K $10.43/SF
Area
Coos County, OR
Vacancy
3.41%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
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%
$726,680
Cap Rate 7%
$519,057
Cap Rate 9%
$403,711
Alternative Uses
Best Use
Specialty Retail
$519.1K
$454.2K – $605.6K
NOI $36,334 @ 7.0% cap · market cap 5.34%
Second Best
Mixed Use
$446.3K
$390.5K – $520.7K
NOI $31,243 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$630.5K
$551.7K – $735.6K
NOI $44,137 @ 7.0% cap · market cap 6.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
119
Businesses Nearby
Explore this area
Business Placement
Demographics for 97420, OR
27,454
Population
12,967
Households
2.1
Avg Household Size
46
Median Age
19%
College-Educated
89%
High-School Grad
273.9 sq mi
ZIP Area
100
Density / Sq Mi
$61,624
Median Household Income
$35,536
Median Earnings
$982
Median Rent
$282,300
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes a studio apartment and a divided rear shop with separate access.
Where is this mixed-use property located?
The property is located at 91125 91125/91127 Cape Arago Hwy Coos Bay, OR.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: 1,388‑square‑foot restaurant occupied by Foggy's Cafe; Private‑entry studio apartment of approximately 600 square feet with balcony; 2022‑built 30‑by‑50‑foot rear shop
