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    174 Ellendale Ave Dallas, OR 97338

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    For Lease
    Contact for pricing

    Prime Polk County Commercial Land

    Lot size:
    21,000 SF

    Property Features for 174 Ellendale Ave

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    21,000 SF

    Spaces For Lease

    at 174 Ellendale Ave, Dallas, OR 97338 Contact us

    We can help!

    Listing Contact
    Gary Pond
    Gary Pond

    Listing Agency: Commercial Associates Listing Agent: Gary Pond

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 21,000 square foot commercial land parcel presents a unique opportunity in the thriving Mill Valley Square shopping center. Located in Polk County and conveniently situated near the intersection with Jasper, this single-tenant site is ideal for build-to-suit (BTS) or reverse BTS development. The property's strategic location within Mill Valley Square offers significant advantages, benefiting from the established presence and high traffic volume generated by anchor tenants Safeway and Rite Aid. This translates to increased visibility and accessibility for any new business. The expansive 21,000 square foot lot provides ample space for a variety of commercial developments, catering to diverse business needs. The site's potential is further enhanced by its prime location within a well-established shopping center, ensuring a strong customer base and convenient access for patrons. This is a rare opportunity to establish a presence in a high-traffic, highly visible location within a successful retail environment. The flexibility of BTS and reverse BTS options allows for customized development to perfectly match your business requirements. Don't miss this chance to secure a prominent position in a thriving Polk County commercial hub. Contact us today to learn more about this exceptional property and explore the possibilities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Abby's Legendary Pizza Restaurant

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Polk
    State
    Oregon
    Longitude
    -123.3144595
    Latitude
    44.9295074

    Nearby Similar for Lease

    • Contact for pricing

      Warehouse with Yard in Dallas

      Functional warehouse space with yard available for lease in Dallas.
      Dallas, OR 97338
      View Details
    • $18 SF/Yr
      26,595 SF

      Mill Valley Square Retail Space

      Prime Dallas Retail, 1,600 SF Available
      170 Ellendale Ave, Dallas, OR 97338
      View Details

    FAQs

    What type of property is this?
    Land - Prime Polk County Commercial Land
    Where is this land located?
    The property is located at 174 Ellendale Ave Dallas, OR.
    What are key features of this property?
    This property features: 21,000 SF commercial land parcel available for lease.; Located in Mill Valley Square, anchored by Safeway and Rite Aid.; Build-to-suit (BTS) and reverse BTS options available.
    (541) 754-6320 Call to check price and availability
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    174 Ellendale Ave Dallas, OR 97338
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    Dallas, OR 97338
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    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
    174 Ellendale Ave Dallas, OR 97338
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Gary Pond
    Gary Pond
    (541) 754-6320 (541) 760-1973
    Learn more
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