Property profile

711 Spruce St Myrtle Point, OR 97458

FOR SALE
Auto shops
Property ID
US71-0959007
3,760 SF
Individually Owned 8-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This established auto repair shop, Outlaw Auto, Tire & Lube, presents a unique owner-user opportunity in Myrtle Point, Oregon. Located at 711 Spruce St, this 3,760 square foot building sits on a 0.22-acre lot and boasts four large bays with potential for a fifth. Built in 1995 and extensively renovated in 2018, the property includes a new roof, updated office, bathroom, and lobby, all ADA-compliant. The building features 2"x6" framed walls, double sheet-rocked with a firebreak in the attic, and a built-in loft for extra storage. The shop is equipped with new lifts and a full-size oil and lube pit. Plumbing is in place for an additional bathroom. The property includes approximately 10 parking spaces and is conveniently located amongst complementary businesses in an area with limited competition. The asking price is $775,000 ($206.12/sq ft). 2023 property taxes were $3,470.82. The property is zoned CR. Financial information for the business is available upon request. Showings are by appointment only, weekends from 10 am to 6 pm. Buyer to conduct due diligence. No sign on the property. Lots 1 & 2, Block 16.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Total area 3,760 SF
Zoning code CR
APN 29 S 12 W 09 CC 3000
UPID US71-0959007

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop

Location

711 Spruce St Myrtle Point, OR 97458
Myrtle Point metro Census 1102 COOS BAY, OR MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request

Owner & transaction history

since 2018
1 recorded transaction
2018
$265,000

Zoning & alternative use

CR · Myrtle Point, OR

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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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
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