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    Commercial Warehouse with Retail Showroom Title is generated by Realmo AI

    4190 N Highway 101, Tillamook, OR 97141

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    For Sale
    $4,050,000

    Steel warehouse and showroom building with drive-thru roll-up access, offices, ADA restrooms, and highway visibility.

    Type:Commercial
    Property size:
    32,400 SF
    Lot size:
    1.21 Acres
    Price / SF:
    $125/SF
    Added:
    Dec 20, 2025
    Days on Market:
    167
    Last Refresh:
    Jun 5 at 2:37 am

    Property Features for 4190 N Highway 101

    General Information

    Standard status
    Active
    Size
    32,400 SF
    Lot size
    1.21 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    2009

    We can help!

    Listing Contact
    Valerie Schumann

    Listing office Berkshire Hathaway HomeService Northwest Real Estate

    Listing date Dec 20, 2025

    Source Century21northhomes

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

    All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeService Northwest Real Estate

    HighLights

    • 11,250 SF steel commercial warehouse/retail/showroom building built in 2009 with a 5,000 SF full‑height mezzanine
    • Hwy 101 frontage in Tillamook with signage and highway visibility, plus 6 drive‑thru (16x14') roll‑up doors
    • Heated shop, HVAC showroom/offices, private offices, and ADA restrooms; includes security cameras and night lighting
    • RV storage business includes 33 total units: 25 units built in 2019 (14' x 46') and 8 additional units completed in 2024 (14' x 40')
    • 15 of the larger storage units have heating available, plus an onsite tiny home residence rented monthly
    • 1.21 acres for Tillamook RV (includes a .34‑acre parcel bordering Hwy 101) and Field of Dreams on 1.37 acres; public water and commercial septic with shared‑use maintenance agreement

    Overview

    Located at 4190 N Highway 101 in Tillamook, this high-grade steel commercial building combines warehouse, retail, and showroom uses with a full-height mezzanine totaling 5,000 SF. The property includes a heated shop, HVAC showroom and offices, private offices, ADA restrooms, work areas, and security camera and night lighting. Six drive-thru roll-up doors (16x14') support roll-up access for vehicles and equipment, and the facility is supported by public water and commercial septic with a maintenance agreement for shared property use.

    The site is positioned for visibility along Highway 101 and sits contiguous to a Habitat for Humanity building, directly adjacent to Tillamook Creamery. The area is described as a popular local and tourist visitor stop with more than 1.3 million visitors annually. The business currently known as “Field of Dreams” is operated as an RV storage operation on 1.37 acres, with a .34-acre parcel also bordering Highway 101. Containing both the 11,250 SF warehouse/showroom structure and additional outdoor storage improvements.

    The RV storage component includes 33 total units, with 25 units measuring 14 feet wide by 46 feet long built in 2019, and 8 additional units added in 2024 measuring 14 feet by 40 feet. Fifteen of the larger units have heating available. An onsite tiny home residence is rented on a monthly basis, and the seller indicates onsite management can be provided for an extended period to support a new owner. Financial information is available with proof of funds and a signed NDA.
    Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Big Box & Wholesale Store Hotel & Motel Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Tillamook
    County
    Tillamook
    State
    Oregon
    Longitude
    -123.8459185
    Latitude
    45.4853755

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    FAQs

    What type of property is this?
    Self storage facility - Steel warehouse and showroom building with drive-thru roll-up access, offices, ADA restrooms, and highway visibility.
    Where is this self storage facility located?
    The property is located at 4190 N Highway 101 Tillamook, OR.
    What is the asking price?
    The asking price for this property is $4,050,000.
    What are key features of this property?
    This property features: 11,250 SF steel commercial warehouse/retail/showroom building built in 2009 with a 5,000 SF full‑height mezzanine; Hwy 101 frontage in Tillamook with signage and highway visibility, plus 6 drive‑thru (16x14') roll‑up doors; Heated shop, HVAC showroom/offices, private offices, and ADA restrooms; includes security cameras and night lighting
    We can help!
    Listing Contact
    Valerie Schumann
    Learn More
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    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.

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    4190 N Highway 101, Tillamook, OR 97141
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