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    Property profile & analytics

    2506 Sherman Ave North Bend, OR 97459-3254

    • Grocery and convenience stores
    • 1,286 SF
    • 0.10 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jan 26, 2023
    Location Intelligence
    Property ID
    US71-0504998
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Bungalow Market / Grocery Store / Deli

    Property Details for 2506 Sherman Ave

    Year built
    1924
    Lot size
    0.10 lot acres
    Property size
    1,286 SF
    Zone code
    R-5
    Property type
    Grocery and convenience stores
    APN
    25 S 13 W 15 DB 11700
    APU
    25S13W15DB11700

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    North Bend
    County
    Coos
    State
    Oregon
    Longitude
    -124.224
    Latitude
    43.3995
    CBSA code
    18300
    CBSA name
    COOS BAY, OR MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,328
    $0.00
    $0.00
    $86,340
    -
    $68,510
    $77,790
    $146,300

    Comparable in this City

    • Value Estimation by Request
      0.17 Acres

      1700 Sherman Ave

      CONVENIENCE STORE (W/FUEL PUMP) • 0.17 Acres
      1700 Sherman Ave, North Bend, OR 97459-3534
      View Details
    • Value Estimation by Request

      770 Virginia Ave

      GROCERY, SUPERMARKET
      770 Virginia Ave, North Bend, OR 97459-3428
      View Details
    • Value Estimation by Request
      48,000 SF

      1735 Virginia Ave

      GROCERY, SUPERMARKET • 48,000 SF
      1735 Virginia Ave, North Bend, OR 97459-2346
      View Details
    • Value Estimation by Request
      1,656 SF

      2596 Broadway Ave

      CONVENIENCE STORE • 1,656 SF
      2596 Broadway Ave, North Bend, OR 97459-1635
      View Details
    • Value Estimation by Request

      1988 Virginia Ave

      CONVENIENCE STORE
      1988 Virginia Ave, North Bend, OR 97459-2349
      View Details
    • Value Estimation
      $225,000
      0.28 Acres

      1780 Sherman Ave

      CONVENIENCE STORE (W/FUEL PUMP) • 0.28 Acres
      1780 Sherman Ave, North Bend, OR 97459-3534
      View Details

    Similar Nearby for Sale

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      $799,000
      7,600 SF

      Turnkey Restaurant and Bar Buildings

      Two commercial buildings with restaurant and bar, fully furnished.
      2043/2037 Sherman Ave, North Bend, OR 97459
      View Details
    • New
      $399,000
      4,800 SF

      Highway 101 Mixed-Use Property

      Excellent commercial property with apartment and highway exposure.
      2238 Tremont St, North Bend, OR 97459
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    • $425,000
      1,467 SF

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      Updated 3-bedroom, 2-bath home near downtown with bay views.
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    • $89,500
      0.37 Acres

      View Lot Near Glascow Market

      Residential land with septic site evaluation and owner carry option.
      67482 E Bay Rd, North Bend, OR 97459
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    • New
      $332,997
      1,749 SF

      North Bend Duplex Investment Opportunity

      Duplex near bay and shopping with two units and backyard.
      1860 Meade St, North Bend, OR 97459
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    • New
      $199,000
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      Ready-to-Build Coastal Dream Lot

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    2506 Sherman Ave
    North Bend, OR 97459-3254
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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
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