16218 Hoffeldt LnBrookings, OR 97415

Property Details for 16218 Hoffeldt Ln

Year built

1999

Lot size

0.39 AC

Property size (Sq ft)

6,900 SF

Zone code

C1

Property type

Showrooms

APN

4113-04CC-03401

APU

411304CC03401

Description

This exceptional commercial property, located at 16218 W HOFFELDT Ln, Brookings, OR, presents a compelling investment opportunity. Situated on a 0.61-acre lot directly off Highway 101, this property boasts two buildings totaling 10,500 square feet and offers a proven history of stable, long-term tenancies. The property is zoned C1 and includes 28 paved parking spaces, plus a convenient side loading/parking area. Building 16218 (tax lot #R27143) comprises 6,900 square feet and is currently divided into two separate rental units. Building 16220 (tax lot #R18698) offers 3,600 square feet of space, including a rear storage unit currently utilized by the owner. This prime location in coastal Brookings, Oregon, ensures strong rental income potential. The property's well-maintained condition and established tenant history contribute to its exceptional value. The asking price is $949,000. Showings are by appointment only. Don't miss this chance to acquire a high-return commercial investment in a desirable coastal Oregon location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,998,268

  6.5%

  $1,844,555

  7%

  $1,712,801

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,455,327

  Geo Method

  $4,455,327

• Alternative Use

  Use

  Valuation

  Residential

  $1,555,951

  Hospitality

  $1,425,243

  Educational

  $1,185,786

  Medical

  $1,226,566

  Retail

  $1,844,555

Location Insight

City

Brookings

County

Curry

State

Oregon

Latitude

42.0481

Longitude

-124.258

CBSA code

15060

CBSA name

BROOKINGS, OR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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