Technical
Financial
Distress signals
Property profile

761 Main St Dallas, OR 97338

OFF-MARKET
Retail space
Property ID
US71-0439390
5,600 SF 0.14 ac lot Built 1911
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional retail property, located at 761-773 Main Street in Dallas, Oregon, presents a unique investment opportunity. The 5,600 square foot building, constructed in 1911, boasts a prime Main Street frontage and is undergoing a complete interior and exterior renovation. Improvements include a refreshed facade, updated restrooms, new electrical systems, and a modernized HVAC system. The property's zoning is CBD (Central Business District), reflecting its ideal location within the heart of Dallas. The single-story building is currently configured for multiple tenants, with a total of 4,349 square feet currently vacant. A significant portion of the vacant space comprises a large, open area of approximately 3,324 square feet, offering flexibility for a variety of uses and featuring its own separate west-side access. Additionally, there is a smaller, approximately 1,025 square foot retail area available. The property is situated in Polk County, Oregon, and offers the potential for tenant-specific improvements to be incorporated during the ongoing renovation. This is a rare chance to acquire a renovated, historically significant retail space in a thriving Oregon city. The property's location and ongoing improvements make it an attractive prospect for businesses seeking a high-visibility location with modern amenities.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1911
Total area 5,600 SF
Lot 0.14 ac (6,098 SF)
Zoning code CBD
APN 07532-AD-08400
UPID US71-0439390

Cap rate & NOI

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

Location

761 Main St Dallas, OR 97338-3108
Dallas metro Census 20203 SALEM, OR METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$320k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$345k

Owner & transaction history

since 2022
Last sale
$330,000
2 recorded transactions
2026
Price N/A
2022
$330,000

Zoning & alternative use

CBD · Dallas, OR
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

General category CIVIC_INSTITUTIONAL

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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