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    Tillamook Land with Septic System Title is generated by Realmo AI

    Elk Meadows Ln, Tillamook, OR 97141

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    For Sale
    $150,000

    LAND - Tillamook, OR

    Type:Single Family Residence
    Lot size:
    1.80 Acres
    Added:
    May 15, 2026
    Days on Market:
    2
    Last Refresh:
    May 16 at 10:06 pm

    Property Features for Elk Meadows Ln

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Zoning
    RR-2
    Standard status
    Active
    APN
    375034
    Lot size
    1.80 Acres

    Taxes and HOA fees

    Tax Description
    SUBD NAME: ELK MEADOWS LOT NO: 3
    Tax Annual Amount
    676

    We can help!

    Listing Contact
    Amanda Boden

    Listing agent Amanda Boden

    Listing office Premiere Property Group LLC 201 SE Dora Ave, Lake Oswego, OR

    Listing date May 15, 2026

    MLS# 178234178 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.

    HighLights

    • Permitted 1,000‑gallon septic system already in place.
    • Flat, buildable RR‑2 property at the end of a cul‑de‑sac.
    • Electricity available at the curb.
    • Located near Highway 6, offering convenient access to both city amenities and the Oregon Coast.
    • Proximity to outdoor activities like hiking, fishing, and camping in the Tillamook Forest area.
    • Mature maple trees throughout the property.

    Overview

    This 1.8-acre property offers a foundation for realizing a vision, featuring an as-built septic system documented through Tillamook County in 2002, including a permitted 1,000-gallon concrete tank and approved disposal system. Electricity is available at the curb. The flat, buildable RR-2 property is located at the end of a cul-de-sac in a small private community off Highway 6. Historic Scotty Creek runs along the back of the property adjacent to Highway 6. The surrounding area provides access to hiking trails, fishing, camping, and the outdoor lifestyle of the Tillamook Forest area, with mature maple trees throughout the setting. Situated between city convenience and rural coastal living, the property is approximately 45 minutes to Costco and the Streets of Tanasbourne, around 30 minutes to the Tillamook Creamery, and under an hour to the Oregon Coast. Highway 6 borders the back of the property, resulting in some road noise, and there is no river access. The flat usable land, mature maple trees, existing septic system, electricity availability, and cul-de-sac location offer potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Tillamook
    County
    Tillamook
    State
    Oregon
    Longitude
    -123.674
    Latitude
    45.4813

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    FAQs

    What type of property is this?
    Residential land & home lot - Buildable land near Highway 6 with existing septic system.
    Where is this residential land & home lot located?
    The property is located at Elk Meadows Ln Tillamook, OR.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: Permitted 1,000‑gallon septic system already in place.; Flat, buildable RR‑2 property at the end of a cul‑de‑sac.; Electricity available at the curb.
    (503) 791-1829
    We can help!
    Listing Contact
    Amanda Boden
    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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