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    2770 Woodland Dr Coos Bay, OR 97420

    For Sale
    $2,499,000

    Multi-tenant income property, redevelopment potential.

    Property size:
    21,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 21,000 square foot multi-tenant property at 2770 Woodland Dr, Coos Bay, Oregon, presents a compelling investment opportunity. The property, encompassing 3-4.99 acres, boasts five buildings across two stories, constructed in 1963 and currently 80% occupied under a net-net lease structure. The diverse property includes medical office space, warehouse, and manufacturing facilities, catering to a variety of business needs. With a current asking price of $2,499,000 and a 7.70% cap rate, this presents strong potential for return on investment. The property features ample parking with 100 spaces and is zoned I-C, allowing for a wide range of uses, including the development of a medical complex. The location is prime, adjacent to existing medical facilities, and over an acre of land has already been cleared, graded, and graveled, ready for further construction. This business park offers significant redevelopment potential, making it an ideal acquisition for investors seeking a versatile and high-yield asset in a thriving Oregon location. The APN is 357300 and the zip code is 97420. This is a Class C property.

    Property Features for 2770 Woodland Dr

    General Information

    Property type
    Medical offices
    Square Feet
    21,000 SF
    Class
    C
    Lot Size
    130,680 SF

    Building Details

    Year Built
    1963
    Buildings
    5
    Stories
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Coos Bay
    County
    Coos
    State
    Oregon
    Longitude
    -124.238609
    Latitude
    43.3873133

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    FAQs

    What type of property is this?
    Medical office - Multi-tenant income property, redevelopment potential.
    Where is this medical office located?
    The property is located at 2770 Woodland Dr Coos Bay, OR.
    What is the asking price?
    The asking price for this property is $2,499,000.
    Request Owner's contact information
    2770 Woodland Dr Coos Bay, OR 97420
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    Coos Bay, OR 97420
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2770 Woodland Dr Coos Bay, OR 97420
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