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Property profile & analytics
OFF-MARKET
Medical Office Space
201 Washington St Dallas, OR 97338-2860
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US71-1776681
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1982
Total area
4,097 SF
Lot
0.34 ac (14,810 SF)
Zoning code
CBD
APN
07533-CB-08700
UPID
US71-1776681
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
-
Bloom Pediatric Dentistry Dental Office
-
Dallas Family Dental Dental Office
-
Les D. Wheeler D.D.S Dental Office
-
Dr. Leslie D. Wheeler, DDS Dental Office
-
Davis Jr Thomas L DDS Dental 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
James Real Estate Group LLC · 9 yrs held
James Real Estate Group LLC
since 2017
Last sale
$480,000
7 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
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
$9,341
Tax year 2023
Assessed value
$668,540
Assessed 2023
Previous assessed
$649,070
+3.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$99,920
Assessed improvement
$568,620
Land market value
$166,770
Improvement market value
$704,780
Total market value
$871,550
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1982
Heating
NONE
Buildings
4
Total area
4,097 SF
Lot
0.34 ac (14,810 SF)
Zoning code
CBD
APN
07533-CB-08700
UPID
US71-1776681
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
1982
Heating
NONE
Buildings
4
Lot
0.34 ac
Current owner
From public records · entity-resolved
James Real Estate Group LLC
Entity
Mailing address
6455 NE PETTIBONE DR, CORVALLIS, OR 97330-9677
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2026
—
James Real Estate Group LLC
—
Deed
related
$360,000 · Rf Wilson Trust
May 30, 2017
$599,900
James Real Estate Group LLC
Dallas Office LLC
Warranty Deed
$448,500 · Columbia State Bank
Nov 24, 2008
$475,000
Dallas Office LLC
Reith Family INC
Warranty Deed
$375,000 · Umpqua Bank
Aug 29, 2007
—
Reith Family INC
Reith,loretta M
Quit Claim Deed
—
Jan 23, 2006
—
Reith INC
Reith,loretta M
Quit Claim Deed
related
—
Nov 9, 2000
$345,000
Stanley E Reith
Mid-am Capital LLC
Grant Deed
$175,000 · Linn-benton Bank
—
—
Dallas Office LLC
—
Deed Of Trust
related
$256,000 · Citizens Federal Bank Fsb
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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