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    1120-1264 Lancaster Dr SE Salem, OR 97317

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    For Lease
    $10 SF/Yr

    Retail space available in a growing Salem retail hub.

    Property size:
    119,137 SF
    Lot size:
    119,137 SF

    Property Features for 1120-1264 Lancaster Dr SE

    General Information

    Size
    119,137 SF

    Building Details

    Year built
    1986

    Source: Chris Lio Agent Chris Lio

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

    Overview

    Retail Space in Salem Hub

    This retail space is located within a shopping center anchored by WinCo, ShopKo, and Dollar Tree. The property benefits from its location in a retail hub surrounded by extensive residential development, contributing to a growing economic base. Additionally, the property is located close to Home Depot. The property size is 119137 square feet.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    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.

    Similar Places Nearby

    Rickey Street Plaza, Coinstar Kiosk | Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -122.9790516
    Latitude
    44.9151076

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    FAQs

    What type of property is this?
    Shopping center - Retail space available in a growing Salem retail hub.
    Where is this shopping center located?
    The property is located at 1120-1264 Lancaster Dr SE Salem, OR.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: - Anchored by WinCo, ShopKo, and Dollar Tree; - Located in a retail hub; - Close to Home Depot
    (503) 804-2929
    Request Owner's contact information
    1120-1264 Lancaster Dr SE 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
    1120-1264 Lancaster Dr SE Salem, OR 97317
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