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    2405 3Rd St Tillamook, OR 97141

    Sponsored
    For Sale
    $1,225,000

    Class A Bank, 5,297 SF, NNN Lease

    Property size:
    5,297 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a Class A, 5,297 square foot freestanding bank building located at 2405 3rd St, Tillamook, OR 97141. The property, situated on a 0.46-acre lot (20,021 sq ft), boasts ample parking and convenient access, positioned advantageously between Highways 6 and 101. Currently occupied by Umpqua Bank at 100% occupancy under a NNN lease with five years remaining, this single-tenant building offers a stable and predictable income stream. The asking price is $1,225,000, translating to $231.26 per square foot. Built in 1974, the building is well-maintained, featuring recent upgrades to the drive-thru awning and exterior. The property is zoned TMCC and comprises a single, one-story building. This is a rare chance to acquire a high-quality, single-tenant investment property in a desirable location with a strong tenant and a long-term lease. The building's excellent condition and strategic location make it an attractive investment for discerning buyers seeking a stable and appreciating asset. Please note that the current operator should not be disturbed.

    Property Features for 2405 3Rd St

    General Information

    Property type
    Individual retail properties
    Square Feet
    5,297 SF
    Class
    A

    Building Details

    Year Built
    1974
    Buildings
    1
    Stories
    1

    HighLights

    • Class A, 5,297 SF freestanding bank building on a 0.46‑acre lot.
    • Located at 2405 3rd St, Tillamook, OR 97141, between Highways 6 and 101.
    • 100% occupied by Umpqua Bank under a NNN lease with five years remaining.
    • Asking price: $1,225,000 ($231.26/SF).
    • Well‑maintained, single‑story building built in 1974 with recent exterior upgrades.
    Property Profile 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
    -123.83930520806
    Latitude
    45.456061818046

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    FAQs

    What type of property is this?
    Individual retail property - Class A Bank, 5,297 SF, NNN Lease
    Where is this individual retail property located?
    The property is located at 2405 3Rd St Tillamook, OR.
    What is the asking price?
    The asking price for this property is $1,225,000.
    What are key features of this property?
    This property features: Class A, 5,297 SF freestanding bank building on a 0.46-acre lot.; Located at 2405 3rd St, Tillamook, OR 97141, between Highways 6 and 101.; 100% occupied by Umpqua Bank under a NNN lease with five years remaining.
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    2405 3Rd St 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
    2405 3Rd St Tillamook, OR 97141
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