Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Tillamook Land For Sale Title is generated by Realmo AI

    Ellen Ave, Tillamook, OR 97141

    View on Map
    Claim this Listing
    For Sale
    $125,000

    LAND - Tillamook, OR

    Type:Single Family Residence
    Lot size:
    4.87 Acres
    Added:
    Feb 3, 2025
    Days on Market:
    486
    Last Refresh:
    Jun 4 at 2:06 pm

    Property Features for Ellen Ave

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Zoning
    RR-2
    Standard status
    Active
    APN
    286381
    Lot size
    4.87 Acres

    Taxes and HOA fees

    Tax Description
    Tax ID 286381
    Tax Annual Amount
    820

    We can help!

    Listing Contact
    Scott Crowe
    Scott Crowe

    Listing agent Scott Crowe License #971000058

    Listing office Sierra Cascades Real Estate 1144 Commercial St, Astoria, OR

    Listing date Feb 3, 2025

    MLS# 494689439 Listing URL

    Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Close proximity to town (just a few minutes away).
    • Direct access to forest for hunting and hiking.
    • Power availability (per Tillamook County).
    • Opportunity to build a custom home.
    • Secluded location.
    • Latitude/Longitude coordinates provided.

    Overview

    This 4.87-acre land is located in Tillamook, Oregon. The property is zoned RR-2. Power is available per Tillamook County. There are no sanitation or septic records on file. The property is accessed via an easement, and permission is required prior to viewing. It is located a few minutes from town, offering the opportunity to build a home with direct access to hunting or hiking in the forest. Buyers are advised to conduct their own due diligence.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Tillamook
    County
    Tillamook
    State
    Oregon
    Longitude
    -123.83968
    Latitude
    45.489878

    Nearby Similar for Sale

    • $1,474,000
      26,744 SF

      Tillamook Commercial Building For Sale

      26,744 sq ft commercial building in downtown Tillamook.
      301 Main Avenue/2011 3rd Street, 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
    • $429,000
      1,464 SF

      Updated Home with Auxiliary Unit

      Updated 4-bed home with a separate 1-bed dwelling unit.
      405 EVERGREEN Dr, Tillamook, OR 97141
      View Details
    • $200,000

      Retail Opportunity in Downtown Tillamook

      Successful retail business opportunity in a prime location.
      301 Main Avenue, Tillamook, OR 97141
      View Details
    • $150,000

      Tillamook Land with Septic System

      Buildable land near Highway 6 with existing septic system.
      Elk Meadows Ln, 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
    • $190,000

      Residential Land in Coastal Hills

      2.88 acre residential parcel for custom home or investment.
      Westwood Dr, Tillamook, OR 97141
      View Details
    • $595,000

      Tillamook Land with Development Potential

      2.07-acre site zoned for high-density residential and mixed-use.
      2506 1ST St, Tillamook, OR 97141
      View Details
    • $200,000

      Level Lot with Valley Views

      Ready-to-develop 0.99 acre lot with valley and ocean views.
      110 Skyview Rd, 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
    • $245,000

      Netarts Bay View Buildable Lot

      Buildable lot near beach access with bay and ocean views.
      Happy Camp Rd, Tillamook, OR 97141
      View Details

    FAQs

    What type of property is this?
    Land - 4.87 acre land near town with forest access.
    Where is this land located?
    The property is located at Ellen Ave Tillamook, OR.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: Close proximity to town (just a few minutes away).; Direct access to forest for hunting and hiking.; Power availability (per Tillamook County).
    (503) 754-8022
    We can help!
    Listing Contact
    Scott Crowe
    Scott Crowe
    Real Estate License ID: 971000058
    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

    Thank You for Inquiry
    Ellen Ave, Tillamook, OR 97141
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!