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Property profile & analytics
OFF-MARKET
Estimated value
$1,625,000
Retail space
1901 Main N Ave Tillamook, OR 97141-7737
Entity Owned
11-yr Hold
Free & Clear
Property ID
US71-0932786
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2016
Total area
27,400 SF
Lot
2.72 ac (118,483 SF)
Zoning code
TM-C-H
APN
1S0919-B0-00700
UPID
US71-0932786
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.63M
Owner & transaction history
Tillamook Property Investments · 11 yrs held
Tillamook Property Investments
since 2015
4 recorded transactions
Zoning & alternative use
TM-C-H · Tillamook, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$2.6M
+57.1%
Restaurant
$2.5M
+54.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Tillamook submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tillamook submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,635,000
Current use
INDUSTRIAL (GENERAL)
$2,565,000
Change: +57% · Conversion: Difficult
RESTAURANT
$2,520,000
Change: +54% · Conversion: Easy
Blend value · Realmo final
$1.63M
Range $1.46M – $1.79M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$59 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$51,825
Tax year 2023
Assessed value
$4,249,420
Assessed 2023
Previous assessed
$4,125,660
+3.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$401,050
Assessed improvement
$3,848,370
Land market value
$440,320
Improvement market value
$6,986,700
Total market value
$7,427,020
Applied tax rate
900.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2016
Heating
NONE
Total area
27,400 SF
Lot
2.72 ac (118,483 SF)
Zoning code
TM-C-H
APN
1S0919-B0-00700
UPID
US71-0932786
Jurisdiction
TILLAMOOK
Zoning & alternative use
TM-C-H · Tillamook, OR
Zoning TM-C-H · permitted uses
TM-C-H · Tillamook, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tillamook. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.6M
INDUSTRIAL (GENERAL)
Est. value
$2.6M
RESTAURANT
Est. value
$2.5M
RETAIL STORES Current
INDUSTRIAL (GENERAL)
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2016
Heating
NONE
Lot
2.72 ac
Current owner
From public records · entity-resolved
Tillamook Property Investments
Entity
Free & Clear · 11 yrs held
Mailing address
1901 MAIN AVE N, TILLAMOOK, OR 97141-7737
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 6, 2015
—
Tillamook Property Investments
Lewis George J & Cynthia J
Grant Deed
—
Sep 13, 2012
—
George J Lewis
Kilchis Properties LLC
Grant Deed
$359,900 · Sterling Bank
Jul 26, 2007
$450,100
Kilchis Properties LLC
Hjw Properties LLC
Grant Deed
$301,500 · Sterling Savings Bank
—
—
Tillamook Property Investments
—
Deed Of Trust
related
$2,960,000 · Oregon Coast Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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