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    306 Main St Dallas, OR 97338

    Sponsored
    For Sale
    $1,150,000

    100% Leased Office Building, High Visibility

    Property size:
    10,414 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents Main Street Plaza, a 10,414 square foot, two-level office building situated in Dallas, Oregon. Boasting a prime location on high-traffic Main Street, this property enjoys exceptional visibility and accessibility. Currently 100% occupied by eight tenants, the building offers a diverse mix of professional, medical, and community service businesses, ensuring a stable income stream. The 0.78-acre lot provides ample parking for approximately 42 vehicles (a 4:1,000 SF ratio). Built in 1969 and well-maintained, the property benefits from a CG - Commercial General zoning designation, allowing for a wide range of future uses. The asking price is $1,150,000, representing a compelling $110.43 per square foot and a 6.25% cap rate. This Core+ investment presents a strong return on investment in a thriving Oregon community. Three ingress/egress points enhance convenience. The property has been under the same ownership since 1987.

    Property Features for 306 Main St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    10,414 SF
    Class
    C
    Lot Size
    33,977 SF

    Building Details

    Year Built
    1969
    Buildings
    1
    Units
    8

    HighLights

    • 100% leased multi‑tenant commercial building in high‑growth Dallas, OR, offering excellent investment potential.
    • High‑traffic, high‑visibility location on Main Street, a major Dallas commercial thoroughfare.
    • Eight tenants across two floors, featuring a diverse mix of professional, medical, and community service businesses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Practical Massage LLC. Massage Therapist Chiropractic First Wellness ... Chiropractor Dr. Jennifer Sneeuwjagt Chiropractor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Polk
    State
    Oregon
    Longitude
    -123.31389003068
    Latitude
    44.927327410197

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    FAQs

    What type of property is this?
    Office Property / Space - 100% Leased Office Building, High Visibility
    Where is this office property / space located?
    The property is located at 306 Main St Dallas, OR.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: 100% leased multi-tenant commercial building in high-growth Dallas, OR, offering excellent investment potential.; High-traffic, high-visibility location on Main Street, a major Dallas commercial thoroughfare.; Eight tenants across two floors, featuring a diverse mix of professional, medical, and community service businesses.
    Request Owner's contact information
    306 Main 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
    306 Main St Dallas, OR 97338
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