Commercial Real Estate Market in Wheeler, OR
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
14 active listings and 80 off-market properties in Wheeler, OR.
Market Trends
Wheeler, OR spans 0.5 square miles in Tillamook County, Oregon. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Wheeler, OR runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail space in Wheeler, 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 Wheeler, 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 Wheeler, 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 79.2%
- Commercial 13.3%
- Industrial 4.9%
Largest Zones share of zoned land by district
Residential 1
Residential 2
General Commercial
Water Related Industrial
Water Related Commercial
Wheeler, OR zones 342 acres across 6 districts. Commercial zoning covers 13.3% of zoned land, residential 79.2% and industrial 4.9%. The largest single district is Residential 1 at 69.3%. For commercial buyers the practical constraint is that only 18.2% of land carries a commercial or industrial designation.
Residential 1 (R1)
The residential type 1 area, designated by the primary symbol R-1, is established to provide for orderly residential development of mainly conventional structures, in areas that have already been subdivided and/or where physical limitations do exist
Market overview
Demographics & Economy
Wheeler, OR has 422 residents in 301 households. Density runs 822 people per square mile. Median household income here is $56,333 and median gross rent $933 a month.
422
Population
301
Households
1.4
Avg Household Size
57
Median Age
36%
College-Educated
86%
High-School Grad
0.5 sq mi
ZIP Area
822
Density / Sq Mi
$56,333
Median Household Income
$27,356
Median Earnings
$933
Median Rent
$412,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Nehalem | — | — |
| Manzanita | — | — |
| Garibaldi | — | — |
Commercial property in Wheeler, OR asks $381/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Wheeler?
Commercial property in Wheeler, OR asks an average of $381 per square foot. Retail carries the highest asking price at $59/SF.
What zoning applies to commercial property in Wheeler?
Wheeler, OR zones 342 acres across 6 districts, of which 13.3% is commercial and 4.9% industrial. The largest single district is Residential 1 at 69.3% of zoned land. The residential type 1 area, designated by the primary symbol R-1, is established to provide for orderly residential development of mainly conventional structures, in areas that have already been subdivided and/or where physical limitations do exist Residential zoning covers 79.2% and open space 0%.
Where does Realmo's Wheeler market data come from?
Realmo compiles Wheeler, OR figures from 14 active sale listings, 80 tracked off-market properties, the current Wheeler zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 14 active for-sale and 0 active for-lease listings in Wheeler, 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: 342 zoned acres across 6 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
