Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Dallas OR 97338 Ellendale Ave Dallas, OR 97338
    Back to Search
    Property profile & analytics

    Dallas OR 97338 Ellendale Ave, Dallas, OR 97338

    View on Map
    • Land
    • 69.42 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for Dallas OR 97338 Ellendale Ave

    Lot size
    69.42 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 69.42-acre property in Dallas, Oregon, presents a unique opportunity for agricultural investment. Located at 0 E Ellendale Ave, Dallas, OR 97338 (APN 159238), this expansive land parcel boasts approximately 54.52 acres of tillable dry land and 14.90 acres of ancillary wetlands. The land has a history of successful sharecropping, with recent ryegrass seed harvests. Currently zoned EFU, the property is not buildable at this time. The asking price is $549,000. It's important to note that there are no existing utilities, well, or known water rights on the property. Prospective buyers are strongly encouraged to conduct their own thorough due diligence to assess the suitability of the land for their intended agricultural purposes. This represents a significant opportunity for those seeking a substantial tract of Oregon farmland. The rolling terrain offers scenic beauty and potential for various agricultural ventures. Act quickly to secure this remarkable investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Polk
    State
    Oregon
    Longitude
    -123.261
    Latitude
    44.9293

    Comparable in this City

    • Value Estimation by Request
      80.00 Acres

      17485 Or-22

      Farms
      17485 Or-22, Dallas, OR 97338
      View Details
    • Value Estimation by Request
      122.09 Acres

      16595 Beck Rd

      Farms
      16595 Beck Rd, Dallas, OR 97338
      View Details
    • Value Estimation by Request
      4.28 Acres

      Dallas, OR 97338

      INDUSTRIAL - VACANT LAND
      Dallas, OR 97338
      View Details
    • Value Estimation by Request
      6.88 Acres

      Dallas, OR 97338

      INDUSTRIAL - VACANT LAND
      Dallas, OR 97338
      View Details
    • Value Estimation by Request
      2.54 Acres

      Dallas, OR 97338

      INDUSTRIAL - VACANT LAND
      Dallas, OR 97338
      View Details
    • Value Estimation by Request
      4.12 Acres

      Dallas, OR 97338

      INDUSTRIAL - VACANT LAND
      Dallas, OR 97338
      View Details

    Similar Nearby for Sale

    • $950,000
      38.00 Acres

      38 Acres Next to Vineyards

      38-acre parcel near Bennetto Vineyards with well and shop.
      Orchard Knob Rd, Dallas, OR 97338
      View Details
    • $380,000

      69.42 Acres of Farmland

      69.42 acres of land with tillable and wetland areas.
      E Ellendale Ave, Dallas, OR 97338
      View Details
    • $429,900
      7.85 Acres

      Dallas, Oregon Land with Entitlement

      7.85-acre farm candidate with home site authorization.
      2565 E Ellendale Ave, Dallas, OR 97338
      View Details
    • Contact for pricing

      Land For Sale Dallas, OR

      Land available for sale in Dallas, Oregon.
      Pioneer Rd, Dallas, OR 97338
      View Details
    • $299,000
      8.14 Acres

      8+ Acres Near Falls City

      Land near Falls City and Dallas with building potential.
      Frost Rd, Dallas, OR 97338
      View Details
    • Contact for pricing

      Land For Sale Dallas, OR

      Land available for purchase in Dallas, Oregon.
      525 Sw Levens St, Dallas, OR 97338
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Pad Site For Lease

      Shopping center pad site for lease in Dallas, Oregon.
      174 W Ellendale Ave, Dallas, OR 97338
      View Details
    • Contact for pricing

      Retail Space in Busy Center

      In-line retail space anchored by Safeway, Rite Aid, Dollar Tree.
      170 W Ellendale Ave, Dallas, OR 97338
      View Details
    • Contact for pricing

      Stand Alone Warehouse For Rent

      3,200 SF warehouse suitable for ag or logging use.
      2555 Liberty Rd, Dallas, OR 97338
      View Details
    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.
    Dallas OR 97338 Ellendale Ave
    Dallas, OR 97338
    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

    Thank You for Inquiry
    Dallas OR 97338 Ellendale Ave, Dallas, OR, 97338
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!