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Property profile & analytics
OFF-MARKET
Office buildings
163 Academy St Dallas, OR 97338-1919
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US71-1549451
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1965
Total area
3,703 SF
Lot
0.26 ac (11,326 SF)
Zoning code
CBD
APN
07532-AD-01100
UPID
US71-1549451
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
-
Shangri La Hotel & Motel
-
ADP Resources Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Soonhyang Palk · 4 yrs held
Soonhyang Palk
since 2021
Last sale
$400,000
1 recorded transaction
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
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,743
Tax year 2023
Assessed value
$339,440
Assessed 2023
Previous assessed
$329,560
+3.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$93,300
Assessed improvement
$246,140
Land market value
$143,880
Improvement market value
$303,030
Total market value
$446,910
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
1965
Heating
NONE
Buildings
2
Total area
3,703 SF
Lot
0.26 ac (11,326 SF)
Zoning code
CBD
APN
07532-AD-01100
UPID
US71-1549451
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
Building & site characteristics
From public records
Year built
1965
Heating
NONE
Buildings
2
Lot
0.26 ac
Current owner
From public records · entity-resolved
Soonhyang Palk
Individual
Mailing address
1231 MEADOWLARK PL, MOLALLA, OR 97038-8310
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2021
$400,000
Soonhyang Palk
Ira Services Trust Company
Warranty Deed
$300,000 · Riverview 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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