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    1551 Lyle St Dallas, OR 97338

    Sponsored
    For Sale
    $10,000,000

    66 Acres, Dallas, Oregon - $10M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 66.13-acre industrial land parcel presents a unique investment opportunity in Dallas, Oregon. Located at 1551 SE Lyle Street, Polk County, this property boasts significant development potential, situated within city limits and benefiting from existing zoning. Currently generating approximately $14,000 in monthly income from existing leases, this asset offers immediate cash flow alongside long-term growth prospects. The site is strategically positioned in the Willamette Valley, offering easy access to the Portland Metro area. Approximately 17 acres are suitable for medium-to-high density residential development, potentially allowing for a mixed-use project. The City of Dallas actively supports land use changes, streamlining the application process for prospective developers. The property enjoys access to power and water, and its location within an Enterprise Zone provides additional economic advantages. The possibility of rail service further enhances its appeal. This is one of the last large industrial parcels available in this rapidly developing area, making it an exceptional opportunity for investors seeking significant returns. The asking price is $10,000,000.

    Property Features for 1551 Lyle St

    General Information

    Property type
    Land
    Lot Size
    2,880,623 SF

    HighLights

    • 66.13‑acre industrial land parcel in Dallas, OR, with existing zoning.
    • Located within Dallas city limits at 1551 SE Lyle Street, Polk County.
    • Currently generates $14,000/month in income from existing leases.
    • Situated in the Willamette Valley with easy access to Portland.
    • Potential for mixed‑use development, including approximately 17 acres suitable for medium‑to‑high density residential.
    Property Profile Location Intelligence

    Current Use by Public Records

    SPC Locomotive Rebuilding Railroad Equipment Supplier Bear Communications Corporate Office

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Polk
    State
    Oregon
    Longitude
    -123.3128676
    Latitude
    44.9146697

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    FAQs

    What type of property is this?
    Land - 66 Acres, Dallas, Oregon - $10M
    Where is this land located?
    The property is located at 1551 Lyle St Dallas, OR.
    What is the asking price?
    The asking price for this property is $10,000,000.
    What are key features of this property?
    This property features: 66.13-acre industrial land parcel in Dallas, OR, with existing zoning.; Located within Dallas city limits at 1551 SE Lyle Street, Polk County.; Currently generates $14,000/month in income from existing leases.
    Request Owner's contact information
    1551 Lyle St Dallas, OR 97338
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    Dallas, OR 97338
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    Realmo Value Estimation

    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.

    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.

    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
    1551 Lyle St Dallas, OR 97338
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