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

    TL 300 Westwood Pl Tillamook, OR 97141

    View on Map
    Claim this Listing
    For Sale
    $215,000

    LAND - Tillamook, OR

    Lot size:
    2.01 Acres
    Added:
    Apr 16, 2024
    Days on Market:
    741
    Last Refresh:
    Apr 26 at 9:06 am

    Property Features for TL 300 Westwood Pl

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RR-2
    Standard status
    Active
    APN
    402975
    Lot size
    2.01 Acres

    Taxes and HOA fees

    Tax Description
    PARCEL 1
    Tax Annual Amount
    651

    We can help!

    Listing Contact
    Marilyn Hankins
    Marilyn Hankins

    Listing agent Marilyn Hankins License #880500008

    Listing office King Realty 2507 Main Ave N Ste A, Tillamook, OR

    Listing date Apr 16, 2024

    MLS# 24312794 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.

    Overview

    Tillamook Land Parcel For Sale

    This two-acre parcel, located just north of Tillamook in the Sollie Smith area, presents a level building site suitable for constructing a dream home, an Accessory Dwelling Unit (ADU), and a shop. The property is zoned rural residential (RR-2). Public water is available, and the site is septic approved for a standard system. Road access and underground utilities extend to the property line. The parcel is situated outside of the flood zone and benefits from coastal breezes. It features access from both Westwood Drive and Westwood Place.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Food Market Garden Center Pet Store Farmer's Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Tillamook
    County
    Tillamook
    State
    Oregon
    Longitude
    -123.794765
    Latitude
    45.480778

    Nearby Similar for Sale

    • $399,000

      Detached Duplex Investment Opportunity

      Rare duplex with two separate homes on one lot.
      1806 10TH St, 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
    • $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
    • $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
    • $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
    • $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
    • $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
    • $144,000

      Cleared Land Ready For Home

      3 acres of cleared land ready for your new home.
      00100 Sollie Smith Road, Tillamook, OR 97141
      View Details
    • $126,000

      Tillamook Land Ready For Home

      2.12 acres, cleared, ready for new home construction.
      00502 Sollie Smith Road, 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
    • $799,000

      Tillamook Land Investment Opportunity

      3.78 acres zoned for multi-family development near Tillamook.
      02600 12th St, Tillamook, OR 97141
      View Details

    FAQs

    What type of property is this?
    Land - Two-acre Tillamook parcel with utilities, ready for development.
    Where is this land located?
    The property is located at TL 300 Westwood Pl Tillamook, OR.
    What is the asking price?
    The asking price for this property is $215,000.
    What are key features of this property?
    This property features: Level 2‑acre building site ready for construction.; Public water and septic approved for a standard system.; Road access and underground utilities to the property line.
    (503) 812-8208
    We can help!
    Listing Contact
    Marilyn Hankins
    Marilyn Hankins
    Real Estate License ID: 880500008
    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!