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Property profile & analytics
OFF-MARKET
Estimated value
$2,515,000
Medical Office Space
641 Miller Ave Dallas, OR 97338-2634
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US71-0697980
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1982
Total area
5,458 SF
Lot
0.39 ac (16,988 SF)
Zoning code
CN
APN
07533-CA-09900
UPID
US71-0697980
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
-
JEFFREY C. MULL Physician
-
WEBB CLANTON WILSON Physician
-
Kaaren Burnett Physician
-
Julia L. Pulliam, PA Physician
-
Kimberly K. Lovato, PA Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.52M
Owner & transaction history
Salem Health Hospitals 7 Clinics · 4 yrs held
Salem Health Hospitals 7 Clinics
since 2021
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
CN · Dallas, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district applies to limited commercial areas that primarily serve the immediate, surrounding neighborhood. It provides neighborhood goods and services at a smaller scale than the Commercial General District and is focused at designated arterial crossroads locations
Zone name
Commercial Neighborhood
General category
COMMERCIAL
Zone area
39.67 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
$2,700,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.52M
Range $2.26M – $2.77M · ±10% · vs last sale $2.42M (Nov 4 2021)
Last sale anchor
$2.42M
Nov 4 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
$461 / 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
Applied tax rate
239.0000
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
Total area
5,458 SF
Lot
0.39 ac (16,988 SF)
Zoning code
CN
APN
07533-CA-09900
UPID
US71-0697980
Jurisdiction
POLK
Zoning & alternative use
CN · Dallas, ORZoning CN · permitted uses
CN · 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 limited commercial areas that primarily serve the immediate, surrounding neighborhood. It provides neighborhood goods and services at a smaller scale than the Commercial General District and is focused at designated arterial crossroads locations
Zone name
Commercial Neighborhood
General category
COMMERCIAL
Zone area
39.67 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1982
Heating
NONE
Lot
0.39 ac
Current owner
From public records · entity-resolved
Salem Health Hospitals 7 Clinics
Individual
Mailing address
890 OAK ST SE, SALEM, OR 97301-3905
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2021
$2,420,000
Salem Health Hospitals 7 Clinics
Christopher W Edwardson
Warranty Deed
—
Sep 3, 2021
$2,420,000
Salem Health Hospitals & Clinics
Christopher W Edwardson
Warranty Deed
—
Nov 29, 2004
—
Christopher W Edwardson
Edwardson,christopher W & Jeanne R
Quit Claim Deed
related
$200,000 · West Coast Bank
Jun 30, 1993
$250,000
Christopher W Edwardson
Unknown
Grant Deed
—
—
—
Christopher W Edwardson
—
Deed Of Trust
related
$397,134 · West Coast Bank
—
—
Christopher W Edwardson
—
Deed Of Trust
related
$753,000 · Marion & Polk Schools Cu
—
—
Christopher W Edwardson
—
Deed Of Trust
related
$660,000 · Us Bank Trust Co
—
—
Christopher W Edwardson
—
Deed Of Trust
related
$340,000 · West Coast Bank
—
—
Christopher W Edwardson
—
Deed Of Trust
related
$150,000 · West Coast 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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