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Property profile & analytics
OFF-MARKET
Estimated value
$1,215,000
Warehouses
224 Ellendale Ave Dallas, OR 97338-1793
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US71-0439426
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1977
Total area
10,000 SF
Lot
0.76 ac (33,106 SF)
Zoning code
CG
APN
07528-CD-00700
UPID
US71-0439426
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
-
Home Town Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.31M
CAP Approach
CAP
$1.19M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.22M
Owner & transaction history
Lakeside Investments Group LLC · 4 yrs held
Lakeside Investments Group LLC
since 2021
Last sale
$1.2M
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
Top alternative use upside
Office building
$1.7M
+591.8%
Medical building
$1.2M
+404.4%
Restaurant
$1.0M
+308.8%
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
$1,280,000
ML approach
$1,310,000
CAP Approach
CAP Return
Estimation
6%
$1,290,000
6.5%
$1,190,000
7%
$1,105,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,695,000
Change: +592% · Conversion: Difficult
MEDICAL BUILDING
$1,235,000
Change: +404% · Conversion: Difficult
RESTAURANT
$1,000,000
Change: +309% · Conversion: Difficult
AUTO REPAIR, GARAGE
$925,000
Change: +278% · Conversion: Easy
Blend value · Realmo final
$1.22M
Range $1.09M – $1.34M · ±10% · vs last sale $1.15M (Sep 30 2021)
Last sale anchor
$1.15M
Sep 30 2021
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
$122 / 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
$7,042
Tax year 2023
Assessed value
$503,990
Assessed 2023
Previous assessed
$489,320
+3.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$254,620
Assessed improvement
$249,370
Land market value
$618,560
Improvement market value
$439,790
Total market value
$1,058,350
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1977
Heating
NONE
Total area
10,000 SF
Lot
0.76 ac (33,106 SF)
Zoning code
CG
APN
07528-CD-00700
UPID
US71-0439426
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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.2M
RESTAURANT
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$925,000
OFFICE BUILDING
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
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
1977
Heating
NONE
Lot
0.76 ac
Current owner
From public records · entity-resolved
Lakeside Investments Group LLC
Entity
Mailing address
PO BOX 627, DALLAS, OR 97338-0627
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 3, 2022
—
Lakeside Investment Group LLC
—
Deed
related
$565,000 · Columbia State Bank
Oct 6, 2021
$1,150,000
Lakeside Investments Group LLC
Gary Brent Suderman
Re-recorded Document
related
—
Sep 30, 2021
$1,150,000
Lakeside Investment Group LLC
Gary Brent Suderman
Warranty Deed
—
Sep 10, 2019
—
Hampton Resources INC
—
Loan Modification
related
$453,712,471 · Farm Credit Svcs
Aug 16, 2004
—
Gary B Suderman
Suderman,karen J
Quit Claim Deed
related
—
Dec 21, 1999
$280,000
Thomas R Roth
Lester,allen G
Grant Deed
$250,000 · Citizens Federal Bank Fsb
—
—
Gary B Suderman
—
Deed Of Trust
related
$283,763 · Oregon FCU
—
—
Gary B Suderman
—
Deed Of Trust
related
$241,500 · Oregon First Community Cu
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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