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Property profile & analytics
FOR SALE
Commercial real estate
2214 5Th St, Tillamook, OR 97141
Entity Owned
~
Est. High Equity
Property ID
US71-0467307
For Sale
1 / 14
$799,999
2214 5Th St, Tillamook, OR 97141
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1935
Total area
11,444 SF
Lot
0.25 ac (10,890 SF)
Zoning code
TM-C-C
APN
1S0930-CB-04300
UPID
US71-0467307
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
$660k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$750k
Blend (final)
Blend
$665k
Owner & transaction history
Most Edge LLC
Most Edge LLC
since 2025
Last sale
$670,000
6 recorded transactions
Zoning & alternative use
TM-C-C · Tillamook, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$665,000
ML approach
$660,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$665k
Range $599k – $732k · ±10% · vs last sale $670k (Jun 16 2023)
Last sale anchor
$670k
Jun 16 2023
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
$58 / 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
$3,798
Tax year 2023
Assessed value
$304,690
Assessed 2023
Previous assessed
$295,820
+3.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$105,720
Assessed improvement
$198,970
Land market value
$152,770
Improvement market value
$337,660
Total market value
$490,430
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
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1935
Heating
NONE
Total area
11,444 SF
Lot
0.25 ac (10,890 SF)
Zoning code
TM-C-C
APN
1S0930-CB-04300
UPID
US71-0467307
Jurisdiction
TILLAMOOK
Zoning & alternative use
TM-C-C · Tillamook, OR
Zoning 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
Tillamook. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1935
Heating
NONE
Lot
0.25 ac
Current owner
From public records · entity-resolved
Most Edge LLC
Entity
Mailing address
2500 SW 218TH DR, ALOHA, OR 97003-1306
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2025
—
Most Edge LLC
Most Edge LLC
Deed
related
$600,000 · Gesa Cu
Jun 16, 2023
$670,000
Most Edge LLC
Turk Investments LLC
Warranty Deed
$780,000 · Legacy Lending LLC
Mar 8, 2023
—
Dennis Hartford
Pdx Fund LLC
Bargain And Sale Deed
—
Dec 30, 2021
$400,000
Turk Investments LLC
Dennis Ray Hartford
Warranty Deed
$450,000 · Legacy Lending LLC
Mar 16, 2009
—
Hartford Dennis R Living Trust
Hartford,dennis
Quit Claim Deed
related
—
Jan 28, 2009
—
Dennis Hartford
Buel,barbara R
Grant Deed
—
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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