4190 Highway 101Tillamook, OR 97141

Property Details for 4190 Highway 101

Year built

2009

Lot size

0.88 AC

Property size (Sq ft)

11,250 SF

Zone code

M-1

Property type

Auto shops

APN

1S1013-D0-01401

APU

1S1013D001401

Description

This 11,250 square foot warehouse, built in 2009, is located at 4190 N Hwy 101 in Tillamook, Oregon (zip code 97141, APN 416710). The property sits on a 0.87-acre lot and is zoned M-1. The building features six 16x14 foot drive-thru roll-up doors, providing excellent access for loading and unloading. Inside, you'll find a 5,000 square foot full-height mezzanine, private offices, ADA-compliant restrooms, work areas, a heated shop, and HVAC-equipped showroom/offices. Security is enhanced with a camera system and night lighting. Excellent signage opportunities exist due to the high-traffic location. The property offers 30 parking spaces. The asking price is $1,950,000, translating to $173.33 per square foot. The seller is offering up to three months of occupancy before payments are due. The property is directly adjacent to the Tillamook Creamery, a popular tourist destination with over 1.3 million annual visitors. Color-coded surveys are available showing two adjacent parcels that may also be available for purchase. The subject property and easement are highlighted in yellow on these surveys.

• CAP approach

  CAP return

  Valuation

  6%

  $3,761,266

  6.5%

  $3,471,938

  7%

  $3,223,943

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,599,306

  Geo Method

  $5,459,643

• Alternative Use

  Use

  Valuation

  Residential

  $2,928,710

  Hospitality

  $2,682,682

  Educational

  $2,231,960

  Medical

  $2,308,721

  Retail

  $3,471,938

Location Insight

City

Tillamook

County

Tillamook

State

Oregon

Latitude

45.4857

Longitude

-123.846

Property Tax & Assessments

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