Property profile

306 Main St Dallas, OR 97338

FOR SALE
Office buildings
Property ID
US71-0475469
10,414 SF 0.78 ac lot Built 1969
Individually Owned 2-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

Main Street Plaza presents a compelling investment opportunity in the thriving Dallas, Oregon community. This fully leased, multi-tenant commercial building boasts 10,414 square feet of space spread across two levels, accommodating eight diverse tenants including professional offices, medical practices, and community service providers. Its prominent location directly on high-traffic Main Street ensures exceptional visibility and accessibility. The 0.78-acre site offers ample parking for approximately 42 vehicles (a 4:1,000 SF ratio), and three convenient ingress/egress points. The property's CG-Commercial General zoning allows for a wide range of future tenant uses, enhancing its long-term value and flexibility. Built in 1969 and meticulously maintained, this property has enjoyed stable, local ownership since 1987, demonstrating its enduring appeal and consistent performance. The building's current configuration provides a stable income stream, making it an attractive option for investors seeking a well-established, high-visibility commercial property in a growing market. The substantial lot size of approximately 34,147 square feet offers potential for future expansion or redevelopment, further adding to its investment potential. This is a rare opportunity to acquire a turnkey commercial property with a proven track record of success.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1969
Total area 10,414 SF
Lot 0.78 ac (33,977 SF)
Zoning code CG
APN 07533-BB-02200
UPID US71-0475469

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Alternative Medicine Practice Spa & Massage Center
  • Alternative Medicine Practice
  • Alternative Medicine Practice

Location

306 Main St Dallas, OR 97338
Dallas metro Census 20202 SALEM, OR METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.17M
Blend (final) Blend
$320k

Owner & transaction history

since 2023
1 recorded transaction
2023
Price N/A

Zoning & alternative use

CG · Dallas, OR
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 c…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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