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Property profile & analytics
OFF-MARKET
Estimated value
$2,940,000
Medical Office Space
186 Ellendale Ave Dallas, OR 97338-1408
Individually Owned
2-yr Hold
Free & Clear
Property ID
US71-1300615
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2020
Total area
4,050 SF
Lot
0.92 ac (40,075 SF)
Zoning code
CG
APN
07529-DD-01200
UPID
US71-1300615
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
-
Mrs. Yvonne Keep Physician
-
BestMed Urgent Care Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.94M
Owner & transaction history
Marcia J Dial · 2 yrs held
Marcia J Dial
since 2023
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
CG · Dallas, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district applies to commercial areas outside or adjacent to the central business area. It provides opportunities for a mix of community-oriented businesses such as grocery stores, and restaurants, highway oriented commercial uses, and other services adjacent to medium- and high-density housing areas
Zone name
General Commercial
General category
COMMERCIAL
Zone area
97.45 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
Method
Estimation
Statistic approach
$3,065,000
ML approach
$3,020,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.94M
Range $2.65M – $3.23M · ±10% · vs last sale $2.84M (Dec 1 2023)
Last sale anchor
$2.84M
Dec 1 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
$726 / 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
$8,602
Tax year 2023
Assessed value
$615,670
Assessed 2023
Previous assessed
$597,740
+3.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$78,370
Assessed improvement
$537,300
Land market value
$675,800
Improvement market value
$966,220
Total market value
$1,642,020
Applied tax rate
201.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2020
Heating
NONE
Total area
4,050 SF
Lot
0.92 ac (40,075 SF)
Zoning code
CG
APN
07529-DD-01200
UPID
US71-1300615
Jurisdiction
POLK
Zoning & alternative use
CG · Dallas, ORZoning CG · permitted uses
CG · Dallas, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district applies to commercial areas outside or adjacent to the central business area. It provides opportunities for a mix of community-oriented businesses such as grocery stores, and restaurants, highway oriented commercial uses, and other services adjacent to medium- and high-density housing areas
Zone name
General Commercial
General category
COMMERCIAL
Zone area
97.45 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2020
Heating
NONE
Lot
0.92 ac
Current owner
From public records · entity-resolved
Marcia J Dial
Individual
Free & Clear · 2 yrs held
Mailing address
PO BOX 824, SPRINGFIELD, OR 97477-0141
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
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2023
$2,838,000
Marcia J Dial
Eig14t Nova Or Dallas LLC
Special Warranty Deed
—
Nov 3, 2020
—
Eigi1t Nova Or Dallas LLC
—
Deed
related
$1,464,840 · First Interstate Bank
Sep 30, 2020
$622,743
Eig14t Nova Or Dallas LLC
Weber Eduard & Marie A Trust
Warranty Deed
—
Mar 14, 2018
$870,437
Weber,eduard & Marie A Trust
Jasper Crossing LLC
Grant Deed
—
Feb 20, 2018
$870,437
Weber,eduard & Marie A Trust
Jasper Crossing LLC
Warranty Deed
—
Jun 22, 2016
—
1351 Tandem Ave LLC
—
Deed
related
$5,300,000 · Miscellaneous Ins Co
Jan 29, 2016
$36,459
Wellert Ellendale LLC
1351 Tandem Ave LLC
Grant Deed
—
Jan 29, 2016
$145,838
Fox Ellendale LLC
1351 Tandem Ave LLC
Grant Deed
—
Jan 12, 2016
$145,838
Fox Ellendale LLC
1351 Tandem Ave LLC
Warranty Deed
—
Jan 12, 2016
$36,459
Wellert Ellendale LLC
1351 Tandem Ave LLC
Warranty Deed
—
Oct 13, 2015
—
1351 Tandem Ave LLC
Progress Lane LLC
Grant Deed
related
—
Sep 11, 2015
—
Progress Lane LLC
Jasper Crossing LLC
Warranty Deed
related
—
—
—
Jasper Crossing LLC
—
Deed Of Trust
related
—
—
—
Jasper Crossing LLC
—
Deed Of Trust
related
—
—
—
1351 Tandem Ave LLC
—
Deed Of Trust
related
$5,300,000 · Miscellaneous Ins Co
—
—
Jasper Crossing LLC
—
Deed Of Trust
related
$750,000 · Pioneer Trust Bank NA
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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