Technical
Financial
Distress signals
Property profile

687 Nehalem Blvd Wheeler, OR 97147

OFF-MARKET
Commercial real estate
Property ID
US71-0540625
775 SF 0.1 ac lot Built 1956
Entity Owned 2-yr Hold Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1956
Total area 775 SF
Lot 0.1 ac (4,356 SF)
Zoning code GC
APN 2N1002-CB-03800
UPID US71-0540625

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

687 Nehalem Blvd Wheeler, OR 97147
Wheeler metro Census 960102
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2024
Last sale
$250,000
3 recorded transactions
2024
Price N/A
2021
$250,000
2019
$227,000

Zoning & alternative use

GC · Wheeler, OR
Zoning description

The town commercial area, designated by the primary symbol GC, is established to provide for commercial uses

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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