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    980-1126 Lancaster Dr NE Salem, OR 97317

    For Lease
    $24 SF/Yr ($5,866 /Mo)

    Retail spaces available in busy Lancaster Drive retail center.

    Property size:
    2,933 SF
    Lot size:
    4.71 Acres

    Property Features for 980-1126 Lancaster Dr NE

    General Information

    Size
    2,933 SF
    Lot size
    4.71 Acres

    Source: First Commercial Real Estate Agent Jennifer Martin

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

    Overview

    Lancaster Drive Retail Spaces Available

    Retail spaces ranging from 1,560 to 4,400 square feet are available in this active retail center, situated in the heart of the Lancaster Drive corridor. The property benefits from excellent parking ratios, signage options, and visibility. Tenant improvement funds are available for qualified tenants and lease terms. The retail center is located directly across from Willamette Town Center, in the most concentrated retail area within the Lancaster Drive corridor. It is easily accessible from the signalized intersection at Lancaster Drive and D Street. Concentrated surrounding neighborhoods and nearby schools contribute to daily shoppers in the area.
    Location Intelligence

    Current Use by Public Records

    Retail 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.

    Similar Places Nearby

    Evergreen Plaza, fi.d.o, Willamette Town Center, Salem Valley Shopping Center, Auburn Center

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -122.9823696
    Latitude
    44.9427278

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    FAQs

    What type of property is this?
    Shopping center - Retail spaces available in busy Lancaster Drive retail center.
    Where is this shopping center located?
    The property is located at 980-1126 Lancaster Dr NE Salem, OR.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: - Located in the heart of the Lancaster Drive retail corridor, across from Willamette Town Center.; - Spaces ranging from 1,560-4,400 sf.; - Excellent parking ratios and visibility.
    (503) 364-7400
    Request Owner's contact information
    980-1126 Lancaster Dr NE 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
    980-1126 Lancaster Dr NE Salem, OR 97317
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