Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    662 Main St Dallas, OR 97338-1902

    • Retail space
    • 1,920 SF
    • 0.04 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-1004688
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • HomeQuest Mortgage LLC / Mortgage Lender
    • Sarah Owre HomeSmart Realty Group / Real Estate Agency
    • Donna Graham HomeSmart Realty Group / Real Estate Agent
    • JILL WYATT, HOMESMART REALTY GROUP - DALLAS / Real Estate Agent
    • Shelby Kutz, HOMESMART REALTY GROUP - DALLAS / Real Estate Agent

    Property Details for 662 Main St

    Year built
    1900
    Lot size
    0.04 lot acres
    Property size
    1,920 SF
    Zone code
    CBD
    Property type
    Retail space
    APN
    07533-BC-02500
    APU
    07533BC02500

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Polk
    State
    Oregon
    Longitude
    -123.316
    Latitude
    44.9231
    CBSA code
    41420
    CBSA name
    SALEM, OR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,873
    $17,990
    $116,050
    $134,040
    -
    $50,400
    $181,220
    $231,620

    Comparable in this City

    • Value Estimation
      $1,855,000
      19,028 SF

      315 Orch Dr

      RETAIL STORES (PERSONAL SERVICES) • 19,028 SF
      315 Orch Dr, Dallas, OR 97338-1149
      View Details
    • Value Estimation
      $1,090,000
      7,392 SF

      210 Ellendale Ave Ste, Unit 100

      RETAIL STORES (PERSONAL SERVICES) • 7,392 SF
      210 Ellendale Ave Ste, Dallas, OR 97338-1790
      View Details
    • Value Estimation
      $860,000
      7,534 SF

      151 Kings Vly Hwy, Unit 201

      RETAIL STORES (PERSONAL SERVICES) • 7,534 SF
      151 Kings Vly Hwy, Dallas, OR 97338-1784
      View Details
    • Value Estimation by Request
      6,333 SF

      1254 Fairview Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,333 SF
      1254 Fairview Ave, Dallas, OR 97338-2122
      View Details
    • Value Estimation
      $910,000
      7,310 SF

      740 Main St

      RETAIL STORES (PERSONAL SERVICES) • 7,310 SF
      740 Main St, Dallas, OR 97338-3109
      View Details
    • Value Estimation
      $795,000
      6,074 SF

      184 Oak St

      RETAIL STORES (PERSONAL SERVICES) • 6,074 SF
      184 Oak St, Dallas, OR 97338-1912
      View Details

    Similar Nearby for Sale

    • $1,000,000
      10,414 SF

      Dallas Office Building - Main Street

      10,414 SF, 8-tenant office building, 100% leased.
      Main St, Dallas, OR 97338
      View Details
    • $6,975,000
      62,000 SF

      New Self-Storage Facility in Dallas, Oregon

      Newly built 370-unit storage facility with high growth potential.
      12755 Clow Corner Rd, Dallas, OR 97338
      View Details
    • $515,000

      Single Tenant Office Building

      Single tenant office building with recent renovations for sale.
      171 SW Court St, Dallas, OR 97338
      View Details
    • $449,000

      69.42 Acres of Farmland

      69.42 acres of land with tillable and wetland areas.
      E Ellendale Ave, Dallas, OR 97338
      View Details
    • $355,000
      2.18 Acres

      2.18 Acre Creek-Bordering Land

      2.18 acre property for custom home with creek border.
      493 SW Oregon Fls Dr, Dallas, OR 97338
      View Details
    • $499,000
      0.92 Acres

      Land with Development Potential

      Flat acreage with utilities, creek, and development possibilities in Dallas.
      4515 Palmer Rd, Dallas, OR 97338
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      26,595 SF

      Mill Valley Square Retail Space

      Prime Dallas Retail, 1,600 SF Available
      170 Ellendale Ave, Dallas, OR 97338
      View Details
    • Contact for pricing

      Warehouse with Yard in Dallas

      Functional warehouse space with yard available for lease in Dallas.
      Dallas, OR 97338
      View Details
    • Contact for pricing
      21,000 SF

      Mill Valley Square Pad Site

      Prime Polk County Commercial Land
      174 Ellendale Ave, Dallas, OR 97338
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    662 Main St
    Dallas, OR 97338-1902
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.