Add Listing
    For Sale
    • 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

    301 Main Avenue/2011 3rd Street Tillamook, OR 97141

    View on Map
    Claim this Listing
    For Sale
    $1,474,000

    COMMERCIAL - Tillamook, OR

    Type:Retail
    Property size:
    26,744 SF
    Lot size:
    0.26 Acres
    Added:
    Dec 15, 2025
    Days on Market:
    122
    Last Refresh:
    Apr 16 at 4:06 am

    Property Features for 301 Main Avenue/2011 3rd Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Zoning
    C-2 General Commercial
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 3, Bathroom 2, Basement
    Parking features
    On Street
    Basement
    Concrete
    Standard status
    Active
    APN
    1S0930CB
    Size
    26,744 SF
    Lot size
    0.26 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    5281

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Water source
    Public

    Building Details

    Year built
    1928
    Floors in Building
    3
    Building materials
    Brick
    Roof type
    Membrane

    We can help!

    Listing Contact
    Dennis M Regen
    Dennis M Regen

    Listing agent Dennis M Regen License #810604051

    Listing office Taylor & Taylor Realty Company 3891 NW Hwy 101, Lincoln City, OR

    Listing date Dec 15, 2025

    MLS# 25-4003

    Copyright © 2026 Oregon Coast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Tillamook Commercial Building For Sale

    Located in downtown Tillamook, this commercial building offers 26,744 square feet of space. The property, currently operating as a furniture and home accessory store since 2006, is zoned C-2 General Commercial. The building is situated on a 0.26-acre lot. The building at 301 Main Ave has a new roof and the exterior is scheduled to be painted in 2025. The property is positioned as a destination for visitors' shopping needs. The building is suitable for various commercial uses, given its zoning and size. Note that the sale of the building does not include the business inventory. The business opportunity "Home Life Furniture" is also for sale.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Clothing & Fashion Store Wine and Liquor Store Nursing Home (Bike/Boat/Book/etc) Store Nursing Home (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tillamook
    County
    Tillamook
    State
    Oregon
    Longitude
    -123.869667
    Latitude
    45.456969

    Nearby Similar for Sale

    • $200,000

      Retail Opportunity in Downtown Tillamook

      Successful retail business opportunity in a prime location.
      301 Main Avenue, Tillamook, OR 97141
      View Details
    • $1,250,000
      8,198 SF

      Tillamook Multifamily Investment Opportunity

      Two well-maintained 4-plexes on 1.13 acres, fully occupied.
      1110/1120 MEADOW Ave, Tillamook, OR 97141
      View Details
    • $725,000
      8,376 SF

      Downtown Tillamook Freestanding Building

      Freestanding building with parking lot in downtown Tillamook.
      2105 Fourth Street, Tillamook, OR 97141
      View Details
    • $1,500,000
      8,634 SF

      Prime Retail/Restaurant Location on Hwy 101

      Highly desirable retail/restaurant location on Tillamook's Prime Commercial Corridor.
      1865 N Main Avenue, Tillamook, OR 97141
      View Details
    • $689,000
      3,572 SF

      MULTI_FAMILY - Tillamook, OR

      5514 3RD St, Tillamook, OR 97141
      View Details
    • $1,950,000
      11,250 SF

      Highway Frontage Commercial Building

      Commercial warehouse/retail/showroom building with high visibility and traffic.
      4190 Hwy 101 N, Tillamook, OR 97141
      View Details
    • $449,000
      1,724 SF

      Updated Home with Auxiliary Dwelling

      Updated 4 bed, 2 bath home with 1 bed ADU.
      405 Evergreen Drive, Tillamook, OR 97141
      View Details
    • $2,900,000
      9,968 SF

      Tillamook Turn-Key Inn and Cafe

      Well-loved Tillamook motel and cafe with 22 rooms.
      815 Main Avenue, Tillamook, OR 97141
      View Details
    • $1,300,000
      5,297 SF

      Tillamook Freestanding Bank Building

      5,297 SF bank building on 0.46 AC lot.
      2405 3rd St, Tillamook, OR
      View Details
    • $1,950,000
      11,250 SF

      Tillamook Commercial Warehouse/Retail Building

      11,250 SF commercial building with highway frontage and high visibility.
      4190 N Hwy 101, Tillamook, OR 97141
      View Details
    • $725,000

      Tillamook Multifamily Investment Opportunity

      Duplex, home, and manufactured home for sale in Tillamook.
      3413 MAPLE Ln, Tillamook, OR 97141
      View Details
    • $1,950,000
      6,568 SF

      Freestanding Retail Building For Sale

      Single-story retail building 100% leased to US Bank.
      408 Main Ave, Tillamook, OR
      View Details

    FAQs

    What type of property is this?
    Storefront property - 26,744 sq ft commercial building in downtown Tillamook.
    Where is this storefront property located?
    The property is located at 301 Main Avenue/2011 3rd Street Tillamook, OR.
    What is the asking price?
    The asking price for this property is $1,474,000.
    What are key features of this property?
    This property features: Prime downtown Tillamook location; Newly renovated 26,744 sq ft building; Zoned general commercial
    (541) 994-4169
    We can help!
    Listing Contact
    Dennis M Regen
    Dennis M Regen
    Real Estate License ID: 810604051
    Learn More
    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.
    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!