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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Warehouses
3510 3rd St, Tillamook, OR 97141-2705
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-0215114
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1910
Total area
19,333 SF
Lot
1.31 ac (57,064 SF)
Zoning code
TM-C-C
APN
1S0930-00-00102
UPID
US71-0215114
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
$395k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$700k
Blend (final)
Blend
$545k
Owner & transaction history
Tillamook 6th LLC · 3 yrs held
Tillamook 6th LLC
since 2022
7 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
by Request
ML approach
$395,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$605,000
Current use
Blend value · Realmo final
$545k
Range $491k – $600k · ±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
$28 / 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
$10,073
Tax year 2023
Assessed value
$841,650
Assessed 2023
Previous assessed
$817,140
+3.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$255,670
Assessed improvement
$585,980
Land market value
$215,240
Improvement market value
$1,169,550
Total market value
$1,384,790
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1910
Heating
FLOOR/WALL FURNACE
Buildings
2
Rooms
7
Bathrooms
6
Total area
19,333 SF
Lot
1.31 ac (57,064 SF)
Zoning code
TM-C-C
APN
1S0930-00-00102
UPID
US71-0215114
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$605,000
WAREHOUSE, STORAGE Current
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
1910
Heating
FLOOR/WALL FURNACE
Buildings
2
Rooms
7
Bathrooms
6
Lot
1.31 ac
Current owner
From public records · entity-resolved
Tillamook 6th LLC
Entity
Free & Clear · 3 yrs held
Mailing address
2325 TRILLIUM HTS, LONGVIEW, WA 98632-5548
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2022
—
Tillamook 6th LLC
Matthew L Carlough
Bargain And Sale Deed
—
Jan 10, 2022
$5,000,000
Matthew L Carlough
Scott R Cummings
Warranty Deed
—
Dec 21, 2021
$5,000,000
Matthew L Carlough
Scott R Cummings
Warranty Deed
$3,255,000 · Fibre FCU
Dec 21, 2021
—
Scott R Cummings
Jon A Cummings
Intrafamily Transfer
related
—
Apr 19, 2017
—
Scott R Cummings
—
Deed
related
$420,000 · Umpqua Bk
Feb 27, 2017
—
Jon A Cummings
—
Deed
related
$40,550 · Umpqua Bk
Oct 19, 2005
$255,000
Jon A Cummings
Widmer,george & Joann
Grant Deed
$195,239 · Sterling Savings Bank
Oct 19, 2005
$24,000
George Widmer
Clark Marlin V Trust
Grant Deed
—
—
—
Scott R Cummings
—
Deed Of Trust
related
$420,000 · Umpqua 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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