Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    409 Main Ave, Unit 1 Tillamook, OR 97141

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $399,900

    Turn-key auto repair business with equipment on 0.22 acre lot.

    Property size:
    1,764 SF
    Lot size:
    0.22 Acres

    Property Features for 409 Main Ave

    General Information

    Standard status
    Active
    Size
    1,764 SF
    Lot size
    0.22 Acres

    Building Details

    Year built
    1954

    We can help!

    Listing Contact
    Holly Cole
    Source: Exitrealty

    Listing Agency: Keller Williams Realty Central Oregon Listing Agent: Holly Cole

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

    Learn more

    Overview

    Established Auto Repair Business Opportunity

    This is an opportunity to purchase an established business that has been located on the corner of 5th & Main St since 1963. The property includes a 1,764 square foot building situated on a 0.22 acre lot. The business is turn-key and includes all equipment, signage, clientele, and history. The building features three auto bays with 2 lifts and storage space. Denny Green's Auto Repair has been a cornerstone of the community since its founding. The business name can convey or transform this space into your own business plan. The property is also available as building and land only with all equipment removed.
    Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    Tillamook Rental Center, Les Schwab Tire Center, S-R Repair, LLC, Denny Green Radiator & Auto, Tillamook Tire Services Inc

    Location Insight

    • Map
    • Local Demand
    City
    Tillamook
    County
    Tillamook
    State
    Oregon
    Longitude
    -123.8435969
    Latitude
    45.4551451

    Nearby Similar for Sale

    • $200,000
      0.26 Acres

      Retail Opportunity in Downtown Tillamook

      Successful retail business opportunity in a prime location.
      301 Main Ave, 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
    • $1,499,000
      26,744 SF

      Tillamook Commercial Building For Sale

      26,744 SF commercial building in downtown Tillamook, Oregon.
      301 3Rd St, Tillamook, OR 97141
      View Details
    • New
      $429,000
      1,464 SF

      Updated Home with Auxiliary Dwelling

      Updated 4 bed, 2 bath home with 1 bed ADU.
      405 Evergreen Dr, Tillamook, OR 97141
      View Details
    • $725,000
      1,860 SF

      Tillamook Multifamily Investment Opportunity

      Duplex, home, and manufactured home for sale in Tillamook.
      3413 Maple Ln, Tillamook, OR 97141
      View Details
    • $1,950,000
      11,250 SF

      Tillamook Warehouse - Hwy 101 Frontage

      Prime Tillamook location, 11,250 sq ft warehouse.
      4190 Highway 101, Tillamook, OR 97141
      View Details
    • $690,000
      2,657 SF

      Prime Tillamook Commercial Building

      High-traffic Hwy 101 location, excellent investment.
      1145 Main Ave, Tillamook, OR 97141
      View Details
    • Contact for pricing
      10 SF

      Tillamook Mobile Home Park Investment

      Family-run mobile home park with positive cash flow potential.
      7475 Alderbrook Rd, Tillamook, OR 97141
      View Details
    • $574,900
      1,764 SF

      Tillamook Commercial Building & Business

      Iconic Business, Turnkey Operation, High Traffic
      409 Main Ave, Tillamook, OR 97141
      View Details
    • $3,500,000
      9,968 SF

      Prime Tillamook Commercial Property

      Successful Inn & Cafe, 22 Rooms
      815 Main Ave, Tillamook, OR 97141
      View Details
    • $10,000,000
      16,491 SF

      Tillamook Commercial Land & Building

      12-Acre Commercial Property, Development Potential
      3802 3Rd St, Tillamook, OR 97141
      View Details
    • $1,225,000
      5,297 SF

      Tillamook Bank Building - $1.225M

      Class A Bank, 5,297 SF, NNN Lease
      2405 3Rd St, Tillamook, OR 97141
      View Details

    FAQs

    What type of property is this?
    Auto shop - Turn-key auto repair business with equipment on 0.22 acre lot.
    Where is this auto shop located?
    The property is located at 409 Main Ave, Unit 1 Tillamook, OR.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: - Turnkey auto repair business with 60+ years of history; - Includes equipment & signage in a 1,764 sq ft building; - Prime corner location at 5th & Main St.
    (541) 585-3760
    Request Owner's contact information
    409 Main Ave, Unit 1 Tillamook, OR 97141
    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.
    409 Main Ave, Unit 1
    Tillamook, OR 97141
    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
    409 Main Ave, Unit 1 Tillamook, OR 97141
    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

    We can help!
    Listing Contact
    Holly Cole
    Real Estate License ID: 200903090
    (541) 585-3760 (541) 480-4208
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!