Commercial Real Estate Market in Nehalem, OR
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
17 active listings and 155 off-market properties in Nehalem, OR.
Market Trends
Nehalem, OR spans 138.9 square miles in Tillamook County, Oregon. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Nehalem, OR runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail space in Nehalem, OR asks $59/SF to buy. Vacancy runs 5.8% across the West region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Industrial
Industrial vacancy in Nehalem, OR runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily vacancy in Nehalem, OR runs 8.6% across the West region in 2025, up from 7% in 2022.
Vacancy Rate % in West region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 84.5%
- Commercial 11.2%
- Open space 2.4%
- Industrial 1.4%
Largest Zones share of zoned land by district
Medium Density Residential
Low Density Residential
Commercial
Marine Residential
Estuary Conservation 1
Nehalem, OR zones 855 acres across 10 districts. Commercial zoning covers 11.2% of zoned land, residential 84.5%, open space 2.4% and industrial 1.4%. The largest single district is Medium Density Residential at 61.1%. For commercial buyers the practical constraint is that only 12.6% of land carries a commercial or industrial designation.
Medium Density Residential (RM)
The Medium-Density Residential area, designated by the symbol “RM”, is established to provide a variety of residential housing types and other uses that are, or can be, compatible with residential development. 157.205.02 Permitted Use In a RM Zone, the following uses and their accessory uses are permitted outright: (A) Single-family housing. (B) Duplexes or…
Market overview
Demographics & Economy
Nehalem, OR has 2,908 residents in 1,809 households. Density runs 21 people per square mile. Median household income here is $67,719 and median gross rent $1,453 a month.
2,908
Population
1,809
Households
1.6
Avg Household Size
55
Median Age
24%
College-Educated
93%
High-School Grad
138.9 sq mi
ZIP Area
21
Density / Sq Mi
$67,719
Median Household Income
$44,330
Median Earnings
$1,453
Median Rent
$427,700
Median Home Value
Tools
Nearby Markets
Commercial property in Nehalem, OR asks $291/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Nehalem?
Commercial property in Nehalem, OR asks an average of $291 per square foot. The 3 most recent recorded sales traded at a median of $168/SF, so asking sits 73% above the achieved median. Retail carries the highest asking price at $59/SF.
What zoning applies to commercial property in Nehalem?
Nehalem, OR zones 855 acres across 10 districts, of which 11.2% is commercial and 1.4% industrial. The largest single district is Medium Density Residential at 61.1% of zoned land. The Medium-Density Residential area, designated by the symbol “RM”, is established to provide a variety of residential housing types and other uses that are, or can be, compatible with residential development. 157.205.02 Permitted Use In a RM Zone, the following uses and their accessory uses are permitted outright: (A) Single-family housing. (B) Duplexes or… Residential zoning covers 84.5% and open space 2.4%.
Where does Realmo's Nehalem market data come from?
Realmo compiles Nehalem, OR figures from 4 recent recorded sales, 17 active sale listings, 155 tracked off-market properties, the current Nehalem zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 17 active for-sale and 0 active for-lease listings in Nehalem, OR. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 855 zoned acres across 10 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · report a data issue
