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Property profile & analytics
FOR SALE
Commercial real estate

815 Main Ave Tillamook, OR 97141

9,872 SF 0.34 ac lot Built 1959
Entity Owned 16-yr Hold Free & Clear
Property ID
US71-1016247
Property summary
AI-generated overview

This exceptional 9,968 square foot commercial property located at 815 MAIN Ave Unit 815, Tillamook, OR, presents a unique investment opportunity. Currently operating as the highly successful Red Apple Inn and Cafe, this meticulously maintained establishment boasts 22 well-appointed guest rooms, each complete with appliances and furniture. The property includes 19 on-site parking spaces, supplemented by ample street parking. A spacious office/check-in counter, designated laundry room, and abundant storage areas are key features. The property also offers a significant advantage with a private, one-bedroom master suite for owner occupancy, and a separate one-bedroom apartment with a sunroom located behind the office. Situated in downtown Tillamook, this property enjoys a prime location within walking distance of shops, businesses, and other amenities. The 0.34-acre lot offers considerable flexibility, with potential uses including apartments, offices, or transitional housing. The asking price for this turnkey operation is $3,500,000. This presents an amazing opportunity for a diverse range of investors and entrepreneurs seeking a profitable and established business in a desirable location. The property's current configuration and location offer significant potential for future growth and adaptation to various commercial uses.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1959
Total area 9,872 SF
Lot 0.34 ac (14,810 SF)
Zoning code TM-C-C
APN 1S0930-CC-03200
UPID US71-1016247
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
$1.41M
Blend (final) Blend
$1.27M
Owner & transaction history
RED APPLE INN LLC
RED APPLE INN LLC
Zoning & alternative use
TM-C-C · Tillamook, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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