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    Dallas, OR 97338
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    Dallas, OR 97338

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    • Industrial properties
    • 3.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details

    Lot size
    3.00 lot acres
    Property type
    Industrial properties

    Description

    This exceptional 3-acre industrial property in the serene SE Brookside neighborhood of Dallas, Oregon, presents a compelling investment opportunity. The property boasts a versatile layout, ideal for a variety of uses. The ground floor encompasses a substantial warehouse space, perfect for storage or manufacturing, complemented by a functional office area. The expansive yard provides ample outdoor space for equipment storage or expansion. The upper two floors, currently unfinished, offer significant potential. These levels could be developed into additional office space, comfortable living quarters, or a combination of both, catering to diverse business or residential needs. A picturesque creek meanders through the property, adding a unique and tranquil element to this already attractive offering. While the building requires some repairs, the asking price reflects this, making it an attractive proposition for a buyer willing to invest in its potential. The property's size, location, and unique features make it a rare find in the Dallas, Oregon market. The substantial acreage offers significant expansion possibilities, while the quiet neighborhood provides a peaceful and productive work environment. This property is priced to sell and represents a strong value for a discerning investor or business owner. Serious inquiries are encouraged.

    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
    -123.295
    Latitude
    44.9132

    Comparable in this City

    • Value Estimation by Request
      10 SF

      1429 Uglow Ave

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 10 SF
      1429 Uglow Ave, Dallas, OR 97338-2615
      View Details
    • Value Estimation by Request
      10 SF

      1381 Uglow Ave

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 10 SF
      1381 Uglow Ave, Dallas, OR 97338-2630
      View Details
    • Value Estimation by Request
      54,335 SF

      Dallas, OR 97338

      Industrial properties • 54,335 SF
      Dallas, OR 97338
      View Details
    • Value Estimation
      $3,430,000
      42,996 SF

      12830 Westview Dr

      INDUSTRIAL (GENERAL) • 42,996 SF
      12830 Westview Dr, Dallas, OR 97338-9632
      View Details
    • Value Estimation by Request
      672 SF

      12395 Dyck Rd

      INDUSTRIAL (GENERAL) • 672 SF
      12395 Dyck Rd, Dallas, OR 97338-9341
      View Details
    • Value Estimation
      $1,700,000

      1350 Shelton St

      INDUSTRIAL (GENERAL)
      1350 Shelton St, Dallas, OR 97338-2543
      View Details

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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.

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