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    903 Garibaldi Ave Garibaldi, OR 97118

    For Sale
    $995,000

    6,400 SF Warehouse, $995,000

    Property size:
    6,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 6,400-square-foot warehouse, located at 903 Garibaldi Avenue in Garibaldi, Oregon, presents a unique investment opportunity. Built in 1980 and situated on a 0.29-acre lot, this property boasts a prime location with high visibility and traffic counts exceeding 9,000 ADT. The building is zoned C-1 and offers ample parking with 20 spaces. The property features a main retail area, a second-floor flex space ideal for storage or additional retail, and a dedicated shop space. Recent upgrades include a new metal roof and the installation of a ductless heat pump system, enhancing energy efficiency and comfort. The exterior has also undergone aesthetic improvements to the front of the building. The asking price is $995,000, translating to $155.47 per square foot. This established business, operating for over 40 years, offers a proven track record of annual revenue growth. The property's versatile layout and prime location make it suitable for a variety of commercial uses, presenting a compelling opportunity for both established businesses and new ventures alike. The zip code is 97118, and the property is located in Tillamook County.

    Property Features for 903 Garibaldi Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    6,400 SF
    Lot Size
    12,632 SF

    Building Details

    Year Built
    1980
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Realty agency Auto Parts Store Spa & Massage Hair Salon Auto Repair Shop Nail Salon Discount Store Electrical Service Pawn Shop Bakery

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

    Location Insight

    • Map
    • Local Demand
    City
    Garibaldi
    County
    Tillamook
    State
    Oregon
    Longitude
    -123.9173157
    Latitude
    45.5587496

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    FAQs

    What type of property is this?
    Distribution property - 6,400 SF Warehouse, $995,000
    Where is this distribution property located?
    The property is located at 903 Garibaldi Ave Garibaldi, OR.
    What is the asking price?
    The asking price for this property is $995,000.
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    903 Garibaldi Ave Garibaldi, OR 97118
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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
    903 Garibaldi Ave Garibaldi, OR 97118
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