Financial
Distress signals
Property profile

635 Virginia Ave North Bend, OR 97459

FOR SALE
Retail space
Property ID
US71-0697499
13,538 SF Built 1909
Individually Owned Owner of record is an individual. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

The Citizens Building is a historic landmark commercial property located in downtown North Bend along Highway 101. Originally constructed in 1909, it comprises approximately 21,000 square feet of solid brick construction and retains period details including original tile work and wood architectural detailing. The street level includes multiple distinct uses: a prominent retail storefront with expansive display windows and bay views and an updated, fully functional restaurant/café space; it also

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$4k
Tax billed · 2023
Assessed value$261k
Effective rate1.54%

Value estimate

· Sep 2026
$170k
$153k – $187k
Submarket $/SF estimate$827k
NOI build-up
Gross scheduled income$317k
Vacancy & credit loss−$25k
Operating expenses−$109k
NOI · 12.14% cap applied$182k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$139/SF
County average, outlier-cleaned · 31 recorded sales of this use type
Observed band · Q1–Q3$61 – $193

Cap rate analysis

How does the asset earn?
12.14%
$182k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
IL
JurisdictionCOOS

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store12.4
Parking Facility11.7
Auto Repair Shop11.5

Location

635 Virginia Ave North Bend, OR 97459
County assessor Recorded deeds · not on file Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 9 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2051 Sherman, North Bend, OR 97459-3306 $190,000 Jan 2025 3,000 SF
3219 Broadway, North Bend, OR 97459-2225 $535,000 Oct 2023 6,322 SF
2356 Broadway, North Bend, OR 97459-1631 $650,000 Jun 2023 4,350 SF
1750 Sherman, North Bend, OR 97459-3534 $240,000 Nov 2021 5,644 SF
3133 Broadway, North Bend, OR 97459-2223 $1,000,000 Jul 2020 25,240 SF
1901 Sherman, North Bend, OR 97459-3419 $410,000 Jan 2020 4,775 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message