Nehalem, OR 97131
The Medium-Density Residential area, designated by the symbol “RM”, is established to provide a variety of residential housing types and other uses that are, or can be, compatible with residential development. 157.205.02 Permitted Use In a RM Zone, the following uses and their accessory uses are permitted outright: (A) Single-family housing. (B) Duplexes or…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
RM · Nehalem, ORThe Medium-Density Residential area, designated by the symbol “RM”, is established to provide a variety of residential housing types and other uses that are, or can be, compatible with residential development. 157.205.02 Permitted Use In a RM Zone, the following uses and their accessory uses are permitted outright: (A) Single-family housing. (B) Duplexes or two-family housing. (C) Multi-family housing (only with public sewer service). (D) Residential home and residential facility. (E) Park and publicly owned recreation area. 157.205.03 Special Uses The following uses, when developed under the special development requirements, are permitted in the RM zone: (A) Property line adjustments, subject to provisions in Section 157.502. (B) Partitions, subject to provisions in Section 157.404. (F) Subdivisions, subject to provisions in Section 157.404. (G) Planned Developments, subject to provisions of Section 157.405. (H) Cottage cluster development, subject to provisions of Section 157.406. (I) Single family attached home, subject to provisions in Section 157.421. (J) Manufactured homes on individual lots, subject to provisions in Section 157.422. (K) Home occupations, subject to provisions in Section 157.426. (L) Residential accessory structures, subject to provisions in Section 157.425. (J) Short-term rentals; subject to the provisions of Ordinance 2023 -02, Short Term Rental Operating License Regulations. (K) Accessory dwelling units subject to provisions in Section 157.421. Nehalem Development Ordinance Article II-13 (L) Recreational vehicle as temporary residence during construction, subject to provisions in Section 157.427. 157.205.04 Conditional Uses In the RM Zone, the following conditional uses and their accessory uses are permitted provided a public sewer is available to serve the facilities. In addition, subject to provisions in Section 157.507 of this Chapter: (A) House of worship or community meeting hall. (B) Golf course, private parks. (C) H otels, resorts, motels; including related facilities such as restaurant, gift shop, meeting rooms, recreation facilities and similar uses. (D) Bed and breakfast enterprise, subject to provisions in Section 157.429; boarding, lodging or rooming house. (E) Manufactured dwelling park, subject to provisions in 157.423. (F) Recreational vehicle park, subject to provisions in 157.424. (G) Clinics. (H) Plant nursery. (I) Government structure. (J) Public utility structures, such as a utility substation. (K) Radio or television transmitting tower. (L) Schools and day care centers.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.