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    371 5Th St Coos Bay, OR 97420
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    Property profile & analytics

    371 5Th St Coos Bay, OR 97420

    View on Map
    • Office Units
    • 2,000 SF
    • 0.23 lot acres
    Off-Market
    Property ID
    US71-0652193
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Units

    Property Details for 371 5Th St

    Year built
    1882
    Lot size
    0.23 lot acres
    Property size
    2,000 SF
    Property type
    Office Units

    Description

    This exceptional 2,000-square-foot office building, located at 371 S 5th St in Coos Bay, Oregon, presents a unique investment opportunity. Built in 1882, this charming property boasts a rich history, having served as a farmhouse and later a church office. Currently configured as a professional office space, it features approximately six to seven individual offices and two bathrooms, one on each level. The layout is adaptable, easily accommodating teams of three to fourteen employees. The building sits on a nearly quarter-acre lot (0.23 acres) and includes approximately twelve on-site parking spaces, a significant advantage in a downtown setting. A carriage house provides valuable additional storage space. The property benefits from favorable mixed-use zoning, opening up a multitude of potential uses beyond traditional office space. Importantly, this prime downtown location is situated outside the flood zone, offering peace of mind and reduced risk. While not officially registered, the building retains its historic character, adding to its unique appeal. The asking price for this remarkable property is $239,000. This is a rare chance to acquire a distinctive and well-situated commercial property in the heart of Coos Bay.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Coos Bay
    County
    Coos
    State
    Oregon
    Longitude
    -124.2173564
    Latitude
    43.3655477

    Comparable in this City

    • $1,595,000

      Hall Building: Downtown Coos Bay

      Iconic five-story commercial building in downtown Coos Bay.
      340 Central Ave, Coos Bay, OR 97420
      View Details
    • New
      $325,000
      1.39 Acres

      Coos Bay Mixed-Use Land

      1.39 acres in the heart of Coos Bay, Oregon.
      790 Commercial Ave, Coos Bay, OR 97420
      View Details
    • Contact for pricing
      3,545 SF

      Downtown Coos Bay Office Building

      One-story office building with recent renovations and C1 zoning.
      Coos, Coos Bay, OR 97420
      View Details
    • Contact for pricing
      21,000 SF

      Redevelopment Opportunity in Prime Location

      20,000+ SF warehouse/manufacturing space on 4.53 acres for sale.
      2770 Woodland Dr, Coos Bay, OR 97420
      View Details
    • New
      $165,000
      4.90 Acres

      Coos Bay Land Opportunity

      Two adjoining parcels totaling almost 5 acres in Coos Bay.
      62885 Isthmus Heights Rd, Coos Bay, OR 97420
      View Details
    • New
      $125,000
      0.21 Acres

      Industrial Land in Coos Bay

      0.21-acre industrial-zoned parcel suitable for commercial or light industrial uses.
      Carlisle Ln, Coos Bay, OR 97420
      View Details

    Similar Nearby for Sale

    • $1,595,000

      Hall Building: Downtown Coos Bay

      Iconic five-story commercial building in downtown Coos Bay.
      340 Central Ave, Coos Bay, OR 97420
      View Details
    • New
      $325,000
      1.39 Acres

      Coos Bay Mixed-Use Land

      1.39 acres in the heart of Coos Bay, Oregon.
      790 Commercial Ave, Coos Bay, OR 97420
      View Details
    • Contact for pricing
      3,545 SF

      Downtown Coos Bay Office Building

      One-story office building with recent renovations and C1 zoning.
      Coos, Coos Bay, OR 97420
      View Details
    • Contact for pricing
      21,000 SF

      Redevelopment Opportunity in Prime Location

      20,000+ SF warehouse/manufacturing space on 4.53 acres for sale.
      2770 Woodland Dr, Coos Bay, OR 97420
      View Details
    • New
      $165,000
      4.90 Acres

      Coos Bay Land Opportunity

      Two adjoining parcels totaling almost 5 acres in Coos Bay.
      62885 Isthmus Heights Rd, Coos Bay, OR 97420
      View Details
    • New
      $125,000
      0.21 Acres

      Industrial Land in Coos Bay

      0.21-acre industrial-zoned parcel suitable for commercial or light industrial uses.
      Carlisle Ln, Coos Bay, OR 97420
      View Details
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    Coos Bay, OR 97420
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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