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Property profile & analytics
OFF-MARKET
Turn key restaurants
2015 1st St Tillamook, OR 97141-2302
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US71-1883460
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1920
Total area
5,846 SF
Lot
0.21 ac (9,148 SF)
Zoning code
TM-C-C
APN
1S0930-BC-03100
UPID
US71-1883460
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
by Request
Owner & transaction history
Karina Morales · 3 yrs held
Karina Morales
since 2023
Last sale
$9,900
5 recorded transactions
Zoning & alternative use
TM-C-C · Tillamook, OR
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,800
Tax year 2023
Assessed value
$484,190
Assessed 2023
Previous assessed
$470,090
+3.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$247,410
Assessed improvement
$236,780
Land market value
$122,460
Improvement market value
$636,770
Total market value
$759,230
Applied tax rate
938.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1920
Heating
NONE
Total area
5,846 SF
Lot
0.21 ac (9,148 SF)
Zoning code
TM-C-C
APN
1S0930-BC-03100
UPID
US71-1883460
Jurisdiction
TILLAMOOK
Zoning & alternative use
TM-C-C · Tillamook, ORZoning TM-C-C · permitted uses
TM-C-C · Tillamook, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Ordinance
Building & site characteristics
From public records
Year built
1920
Heating
NONE
Lot
0.21 ac
Current owner
From public records · entity-resolved
Karina Morales
Individual
Mailing address
2015 1ST ST, TILLAMOOK, OR 97141-2302
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2023
—
Juan Carlos Mendez
—
Deed
related
$300,000 · Selco Community Cu
Jan 20, 2023
—
Karina Morales
Saul Morales
Intrafamily Transfer
related
—
May 1, 2019
—
Ampelio Morales
Morales,ampelio
Quit Claim Deed
related
—
Mar 3, 2016
$9,900
Department Of Transportation
Mendez,juan C
Warranty Deed
—
Oct 25, 2007
$320,000
Juan C Mendez
Hallstrom Mary E Trust
Warranty Deed
$240,000 · Hallstrom Mary E Trust
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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