Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    680 2nd SE St Bandon, OR 97411-9486

    • Manufacturing properties
    • 8,198 SF
    • 0.33 lot acres
    OFF-MARKET
    Last Sale
    Oct 05, 2023
    $3,475,000
    Value Estimations
    $3,565,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-1058979
    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

    • Face Rock Creamery / Bakery / Specialty Food Shop
    • Public Restroom / Public Bathroom

    Property Details for 680 2nd SE St

    Year built
    2014
    Lot size
    0.33 lot acres
    Property size
    8,198 SF
    Zone code
    LI
    Property type
    Manufacturing properties
    APN
    28 S 14 W 30 CA 500
    APU
    28S14W30CA500

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,750,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Bandon
    County
    Coos
    State
    Oregon
    Longitude
    -124.407
    Latitude
    43.1188
    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
    $11,354
    $0.00
    $0.00
    $1,008,320
    -
    $193,170
    $1,304,270
    $1,497,440

    Comparable in this City

    • Value Estimation by Request
      306 SF

      49667 Hwy 101

      LUMBER & WOOD PRODUCT MFG • 306 SF
      49667 Hwy 101, Bandon, OR 97411-8236
      View Details
    • Value Estimation by Request
      5.52 Acres

      87522 Rogge Ln

      MILL (FEED, GRAIN, LUMBER, TEXTILE) • 5.52 Acres
      87522 Rogge Ln, Bandon, OR 97411-8425
      View Details
    • Value Estimation by Request
      33.28 Acres

      49864 Hwy 101

      FOOD PROCESSING • 33.28 Acres
      49864 Hwy 101, Bandon, OR 97411
      View Details
    • Value Estimation by Request
      63,692 SF

      87679 Kehl Ln

      MANUFACTURING (LIGHT) • 63,692 SF
      87679 Kehl Ln, Bandon, OR 97411-0090
      View Details
    • Value Estimation by Request
      0.25 Acres

      480 11th SE St

      MANUFACTURING (LIGHT) • 0.25 Acres
      480 11th SE St, Bandon, OR 97411-9100
      View Details
    • Value Estimation by Request
      12,362 SF

      250 1st SW St

      FOOD PROCESSING • 12,362 SF
      250 1st SW St, Bandon, OR 97411
      View Details

    Similar Nearby for Sale

    • $195,000
      0.15 Acres

      Bandon Coastal Retreat Land

      Ready-to-build .15-acre lot near beaches, golf, and amenities.
      2710 Lincoln Ave SW, Bandon, OR 97411
      View Details
    • $359,000
      4.01 Acres

      Developed Homesite Near Bandon Beaches

      4.01 acre developed homesite near beaches, golf, and seafood.
      Devereux Way, Bandon, OR 97411
      View Details
    • $195,000
      0.24 Acres

      Bandon Development Opportunity: Cleared Lot

      Cleared, flat lot with flexible zoning near Bandon's attractions.
      1168 2Nd St, Bandon, OR 97411
      View Details
    • New
      $299,900
      1.24 Acres

      Large Residential Lots Near Coast

      Two residential lots totaling 1.24 acres near coastal amenities.
      87905 Astor Ln, Bandon, OR 97411
      View Details
    • $1,800,000
      4,000 SF

      website

      WWW booking agreements. Check out Old Town shops
      940 Oregon Ave, Bandon, OR 97411
      View Details
    • $695,000

      Old Town Bandon Restaurant Opportunity

      Fully equipped restaurant in high-traffic area near waterfront.
      145 2Nd St Se, Bandon, OR 97411
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    680 2nd SE St
    Bandon, OR 97411-9486
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!