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    408 Main Ave Tillamook, OR 97141

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    For Sale
    $1,950,000

    Single-story retail building 100% leased to US Bank.

    Property size:
    6,568 SF
    Lot size:
    0.25 Acres

    Property Features for 408 Main Ave

    General Information

    Size
    6,568 SF
    Lot size
    0.25 Acres

    Source: Apex Real Estate Partners Agent Max Schlesinger

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Freestanding Retail Building For Sale

    This is a single-story, freestanding retail building constructed in 1959. The site includes approximately 7 parking stalls. Zoning is TCC – Tillamook commercial. The property is 100% leased to US Bank with a 5-year renewal commencing June 1, 2022. Additionally, the property benefits from a drive-through easement.
    Insight Report Location Intelligence

    Current Use by Public Records

    Banks

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Tillamook
    County
    Tillamook
    State
    Oregon
    Longitude
    -123.8442445
    Latitude
    45.4552951

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    FAQs

    What type of property is this?
    Bank - Single-story retail building 100% leased to US Bank.
    Where is this bank located?
    The property is located at 408 Main Ave Tillamook, OR.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: - 100% leased to US Bank providing immediate and stable income.; - Freestanding retail building offers autonomy and visibility.; - Drive-through easement enhances accessibility and customer convenience.
    (503) 595-2840
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    408 Main Ave Tillamook, OR 97141
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    Realmo Value Estimation

    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.

    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.

    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
    408 Main Ave Tillamook, OR 97141
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