Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    494 SW Oregon Falls Dr Dallas, OR 97338

    View on Map
    Claim this Listing
    New
    For Sale
    $199,900

    Lot - Dallas, OR

    Lot size:
    0.51 Acres
    Added:
    Apr 20, 2026
    Days on Market:
    3
    Last Refresh:
    Apr 22 at 4:06 am

    Property Features for 494 SW Oregon Falls Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    7531AA 400
    Lot size
    0.51 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1279

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    TRISTON RINGHOUSE

    Listing agent TRISTON RINGHOUSE

    Listing office EXP REALTY, LLC 4800 MEADOWS RD, STE 300, Lake Oswego, OR

    Listing date Apr 20, 2026

    MLS# 839996 Listing URL

    Copyright © 2026 Willamette Valley Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Lot in Creekside Estates

    This 0.51 acre lot is located in the desirable Creekside Estates in Dallas, Oregon. Situated in a quiet cul-de-sac at the edge of city limits, the property is near a creek and a walking path that will connect through town. The location offers added privacy, as there is no buildable land behind the lot. On-site construction dirt is a valuable asset, as no outside dirt can be brought into the development. Utilities are available at the street. The property can qualify for a land loan, or a buyer can bring a builder and financing for a construction loan.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Dallas
    County
    Polk
    State
    Oregon
    Longitude
    -123.341
    Latitude
    44.9339

    Nearby Similar for Sale

    • $299,000

      8+ Acres Near Falls City

      Land near Falls City and Dallas with building potential.
      Frost Rd, Dallas, OR 97338
      View Details
    • $810,000

      81 Acres of Forest Land

      81-acre forest land with timber and residential potential.
      Oakdale Rd, Dallas, OR 97338
      View Details
    • $499,000

      Buildable Acres with Utilities

      Flat, buildable land with utilities and fenced pastures.
      4515 PALMER Rd, Dallas, OR 97338
      View Details
    • $375,000

      Secluded Buildable Lot with Views

      Two-acre lot near Dallas, Oregon, with valley views.
      Parcel 2 S Kings Valley Hwy, Dallas, OR 97338
      View Details
    • $950,000

      38 Acres Next to Vineyards

      38-acre parcel near Bennetto Vineyards with well and shop.
      Orchard Knob Rd, Dallas, OR 97338
      View Details
    • $285,000

      Land Near Dallas City Limits

      10-acre lot near Dallas, Oregon, for building a home.
      Mistletoe Dr, Dallas, OR 97338
      View Details
    • $799,000

      119 Acres Southwest of Dallas

      119 +/- acres of timberland near Dallas, Oregon.
      Oakdale Rd, Dallas, OR 97338
      View Details
    • $365,000

      Serene 2-Acre Creekfront Land

      Two-acre build-ready land bordering a picturesque creek in Dallas, Oregon.
      498 SW OREGON FALLS Dr, Dallas, OR 97338
      View Details
    • $365,000

      Two Acre Creek-Bordered Land

      Two acre property bordering a creek in a serene setting.
      498 SW Oregon Falls Dr, Dallas, OR 97338
      View Details
    • $350,000

      2.18 Acre Ready Build Site

      2.18 acre property for custom home in Dallas, Oregon.
      493 SW Oregon Falls Dr, Dallas, OR 97338
      View Details
    • $350,000

      2.18 Acre Ready Build Site

      2.18 acre property for custom built home in Dallas.
      493 SW OREGON FALLS Dr, Dallas, OR 97338
      View Details
    • $720,000

      New Construction Duplex For Sale

      New construction duplex featuring modern amenities and separate utilities.
      1531 (1535) SW 11th Av, Dallas, OR 97338
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Private 0.51 acre lot in a quiet cul-de-sac.
    Where is this residential land & home lot located?
    The property is located at 494 SW Oregon Falls Dr Dallas, OR.
    What is the asking price?
    The asking price for this property is $199,900.
    What are key features of this property?
    This property features: Large, private .51 acre lot in desirable Creekside Estates.; Located in a quiet cul‑de‑sac at the edge of city limits.; Proximity to creek and walking path connecting through town.
    (503) 983-6615
    We can help!
    Listing Contact
    TRISTON RINGHOUSE
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!