Property profile

772 Main St Dallas, OR 97338

OFF-MARKET
Retail space
Property ID
US71-0348584
3,986 SF 0.19 ac lot Built 1900
Entity Owned ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 3,986 square foot retail property, located at 772 Main St in Dallas, Oregon (zip code 97338), presents a lucrative investment opportunity. Situated in Polk County's revitalized downtown core, this two-tenant building boasts a prime location and consistent income stream. Built in 1900 and zoned for Central Business District (CBD) use, the property features large display windows offering abundant natural light, attracting significant foot traffic. The building is in excellent condition, with no deferred maintenance issues reported. The current lease agreements include built-in rent escalations, ensuring stable and growing returns. Five parking spaces are available at the rear of the building, offering additional income potential. The lot size is 8,288 square feet. The asking price is $650,000, translating to $163.07 per square foot. A detailed list of recent upgrades is available upon request. This fully leased property offers a rare chance to acquire a high-performing asset in a thriving downtown area. Don't miss this opportunity to secure a strong, stable investment in a desirable location.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1900
Total area 3,986 SF
Lot 0.19 ac (8,276 SF)
Zoning code CBD
APN 07533-BC-03600
UPID US71-0348584

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
  • Take-out & Catering

Location

772 Main St Dallas, OR 97338-3109
Dallas metro Census 20203 SALEM, OR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$740k
Comparable Approach Comparable
$504k
Blend (final) Blend
$285k

Owner & transaction history

since 2025
Last sale
$650,000
7 recorded transactions
2025
$650,000
2025
$650,000
2021
$500,000
2020
Price N/A
2015
$475,000
2014
Price N/A
2014
Price N/A

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
Top alternative use upside
Office building $810,000 +54.1%

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 772 Main St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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