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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Office buildings
128 Ml St Dallas, OR 97338-1908
Entity Owned
2-yr Hold
Free & Clear
Property ID
US71-1837507
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1948
Total area
1,598 SF
Lot
0.04 ac (1,742 SF)
Zoning code
CBD
APN
07533-BC-03800
UPID
US71-1837507
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Bliss Beauty Bar Hair Salon Nail Salon
-
Bella Dawna Beauty Spa & Massage Center Alternative Medicine Practice
-
Ashley Love's Hair Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$575k
CAP Approach
CAP
$360k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$510k
Owner & transaction history
128 Mill St LLC · 2 yrs held
128 Mill St LLC
since 2023
Last sale
$469,900
3 recorded transactions
Zoning & alternative use
CBD · Dallas, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district serves as the commercial and civic core of the community. It is the location of city and county offices, downtown commercial uses, and tourism oriented uses
Zone name
Central Business District
General category
CIVIC_INSTITUTIONAL
Zone area
68.16 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$700,000
+114.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Dallas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dallas submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$680,000
ML approach
$575,000
CAP Approach
CAP Return
Estimation
6%
$390,000
6.5%
$360,000
7%
$335,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$325,000
Current use
COMMERCIAL (GENERAL)
$700,000
Change: +115% · Conversion: Easy
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $470k (Sep 19 2023)
Last sale anchor
$470k
Sep 19 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$319 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,616
Tax year 2023
Assessed value
$115,680
Assessed 2023
Previous assessed
$112,320
+3.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$13,150
Assessed improvement
$102,530
Land market value
$34,220
Improvement market value
$171,500
Total market value
$205,720
Applied tax rate
238.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1948
Heating
NONE
Total area
1,598 SF
Lot
0.04 ac (1,742 SF)
Zoning code
CBD
APN
07533-BC-03800
UPID
US71-1837507
Jurisdiction
POLK
Zoning & alternative use
CBD · Dallas, ORZoning CBD · permitted uses
CBD · Dallas, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district serves as the commercial and civic core of the community. It is the location of city and county offices, downtown commercial uses, and tourism oriented uses
Zone name
Central Business District
General category
CIVIC_INSTITUTIONAL
Zone area
68.16 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$325,000
COMMERCIAL (GENERAL)
Est. value
$700,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1948
Heating
NONE
Lot
0.04 ac
Current owner
From public records · entity-resolved
128 Mill St LLC
Entity
Free & Clear · 2 yrs held
Mailing address
11975 CLOW COR RD, DALLAS, OR 97338-9508
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2023
—
128 Mill St LLC
John A Richardson
Bargain And Sale Deed
—
Nov 7, 2006
$168,500
John Richardson
Pmc Living Trust
Warranty Deed
—
Jan 19, 1996
$78,380
James L Contois
Bliven,mark A
Grant Deed
$69,000 · Commercial Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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