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    Property profile & analytics

    1145 N Main Ave Tillamook, OR 97141

    • Turn key restaurants
    • 2,657 SF
    • 0.67 lot acres
    For Sale
    View listing
    $690,000
    Value Estimation
    Location Intelligence
    Property ID
    US71-0570658
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 1145 N Main Ave

    Year built
    1978
    Lot size
    0.67 lot acres
    Property size
    2,657 SF
    Zone code
    C-H
    Property type
    Turn key restaurants
    APN
    1S0919-C0-01000
    APU
    1S0919C001000

    Description

    This exceptional 2,657 square foot commercial building is ideally situated on Highway 101 in Tillamook, Oregon, boasting a highly desirable location with significant traffic volume. The free-standing structure sits on a 0.67-acre lot and includes an extra-large parking area for ample customer convenience. The building has undergone recent significant improvements, including a new roof installed in August 2017 at a cost of $65,000, and fresh exterior paint applied in 2019. Currently leased to a Chinese restaurant on a month-to-month basis for over 12 years, the tenant has expressed interest in a long-term lease agreement. This presents a unique opportunity for both owner-occupancy and investment purposes. The property's strong location, recent upgrades, and established tenancy make it an attractive proposition for a variety of commercial uses. The asking price is $690,000. This is a rare chance to acquire a well-maintained, high-visibility commercial property in a thriving Oregon coastal community. Serious inquiries are encouraged.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $290,000

    • CAP approach

      CAP return
      Estimation
      6%
      $275,000
      6.5%
      $300,000
      7%
      $255,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $235,000
      Geo Method
      $300,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $280,000
      Retail
      $310,000
      Mixed-Use
      $235,000
      Hospitality
      $280,000
      Educational
      $280,000
      Residential Income
      $265,000
      Energy
      $290,000
      Income-Based Land
      $275,000
      Food Service
      $295,000

    Location Insight

    • Map
    • Local Demand
    City
    Tillamook
    County
    Tillamook
    State
    Oregon
    Longitude
    -123.844
    Latitude
    45.4648

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,078
    $150,070
    $273,700
    $423,770
    -
    $300,360
    $332,200
    $632,560

    Comparable in this City

    • Value Estimation
      $580,000
      3,206 SF

      210 Main Ave

      RESTAURANT • 3,206 SF
      210 Main Ave, Tillamook, OR 97141-2220
      View Details
    • Value Estimation
      $505,000
      4,951 SF

      2065 Netarts Basin Boat Rd

      RESTAURANT • 4,951 SF
      2065 Netarts Basin Boat Rd, Tillamook, OR 97141
      View Details
    • Value Estimation
      $350,000
      5,264 SF

      206 Main Ave

      RESTAURANT • 5,264 SF
      206 Main Ave, Tillamook, OR 97141-2220
      View Details
    • Value Estimation by Request
      5,846 SF

      2015 1st St

      RESTAURANT • 5,846 SF
      2015 1st St, Tillamook, OR 97141-2302
      View Details
    • Value Estimation
      $80,000
      3,297 SF

      204 Main Ave

      RESTAURANT • 3,297 SF
      204 Main Ave, Tillamook, OR 97141-2220
      View Details
    • Value Estimation
      $345,000
      3,828 SF

      1160 Main N Ave

      RESTAURANT • 3,828 SF
      1160 Main N Ave, Tillamook, OR 97141-7712
      View Details

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      Freestanding Retail Building For Sale

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    Tillamook, OR 97141
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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
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