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    850-862 Lancaster Dr SE Salem Salem, OR 97317

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    For Sale
    $1,525,000

    Mix of retail and professional office spaces for sale.

    Property size:
    9 SF

    Property Features for 850-862 Lancaster Dr SE Salem

    General Information

    Size
    9 SF
    Source: Cbcworldwide

    Listing Agent: Shadya Jones

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail and Office Space Available

    The property features a combination of general retail and professional office spaces. The larger retail area is currently occupied by Central Willamette Community Credit Union and includes a service counter, private offices, and a waiting area. The remaining spaces are smaller professional offices with both private and open office areas. The property size is 9.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -122.9826146
    Latitude
    44.9413722

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    FAQs

    What type of property is this?
    Office space - Mix of retail and professional office spaces for sale.
    Where is this office space located?
    The property is located at 850-862 Lancaster Dr SE Salem Salem, OR.
    What is the asking price?
    The asking price for this property is $1,525,000.
    What are key features of this property?
    This property features: - Includes a mix of general retail and professional office space.; - Larger retail space is occupied by Central Willamette Community Credit Union.; - Credit Union space includes a service counter.
    (503) 588-3508
    Request Owner's contact information
    850-862 Lancaster Dr SE Salem Salem, OR 97317
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    Salem, OR 97317
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    Realmo Value Estimation

    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.

    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.

    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
    850-862 Lancaster Dr SE Salem Salem, OR 97317
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