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Tillamook County, OR · Sold

OR-779701

5237 County Road 345

$2,677,500
$2,794/ac · 958 ac
Acreage958 ac
Price per acre$2,794/ac
ZoningRecreational
Road accessGravel
UtilitiesOff grid
TopographyFlat
ListedNov 25, 2024
Coordinates45.5209, -123.7296
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County GIS boundary

We do not yet have an active public ArcGIS connection for this county. Use the official source link to verify the parcel boundary and flood/zoning layers.

County market

Tillamook County, Oregon. High-desert lots east of the Cascades, strict land-use rules west.

View Tillamook market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index
7
Low risk
Wetlands7.4% of tract

Little to no mapped wetland coverage.

Average slope2.9%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

6,122 ft of deeded road frontage.

Power1,580 ft away

Service extension needed; get a utility quote.

Buildable area842.97 of 958.25 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$3,910,924
$3,598,051$4,223,798 · $4,081/ac on 958 ac
Asking vs estimate
-31.5%
Priced below the comp set

Weighted from 3 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.

AI deal brief

Comps, diligence flags, an offer number and what to ask the seller.

Offer calculatorAsking $2,677,500
Maximum allowable offer
$2,234,814
$2,332/ac · +30.0% target margin

You need $442,686 off asking to hit this margin.

All-in cost$2,424,773
Net resale$3,598,051
Projected profit$1,173,277
ROI+48.4%
Annualized+69.2%
Break-even resale$2,750/ac
Profit if resale lands off target
-20%
$453,667
-10%
$813,472
0%
$1,173,277
+10%
$1,533,082
+20%
$1,892,887
Comparable sales3 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
OR-679107
Landlocked · Full utilities
623.2Jul 27, 2026$2,658,0004,2653,8368.9 mi
76
OR-947967
Landlocked · Power at road
272.9Jun 29, 2024$1,276,5004,6784,3647.4 mi
55
OR-587032
Gravel · Full utilities
138.6Oct 29, 2024$1,349,3009,7354,14210.3 mi
52
Show adjustment detail for the top comp
  • Tract size (623.16 ac → 958.25 ac)-12.4%
  • Access (Landlocked → Gravel)+47.1%
  • Utilities (Full utilities → Off grid)-30.3%

Step 3 · Market it

Turn this underwriting into a listing

Generate a comp-priced headline, listing description, land-group post and cash-buyer email for this tract — then post it to the investor marketplace.