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    1230 Lancaster Dr SE Salem, OR 97317

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    For Lease
    Contact for pricing

    Anchor retail space available near major retailers and I-5.

    Property size:
    116,973 SF
    Lot size:
    10.51 Acres

    Property Features for 1230 Lancaster Dr SE

    General Information

    Size
    116,973 SF
    Lot size
    10.51 Acres

    Source: Commercial Realty Advisors Northwest LLC Agent Jeff Olson

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

    Overview

    Retail Anchor Opportunity Near I-5

    This anchor opportunity is located just East of I-5, off Hwy 22 in Salem, Oregon. The property offers 116,973 square feet of retail space. The ceiling height is 26 feet. There are 676 parking stalls available. Nearby retailers include WinCo, Sportsman’s Warehouse, Dollar Tree, Home Depot, Ashley Furniture, and Craft Warehouse.
    Insight Report Location Intelligence

    Current Use by Public Records

    higi Health Consultant Good Neighbor Vet Veterinarian Coastal Farm & Ranch Western Apparel Store Leslie Eddleman Pharmacy Sylvia Fisher Pharmacy

    Suggested Use

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

    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
    -122.9760465
    Latitude
    44.9149166

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    FAQs

    What type of property is this?
    Shopping center - Anchor retail space available near major retailers and I-5.
    Where is this shopping center located?
    The property is located at 1230 Lancaster Dr SE Salem, OR.
    What are key features of this property?
    This property features: - High parking capacity with 676 stalls; - Anchor opportunity location; - Convenient access to I-5 and Hwy 22
    (503) 274-0211
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    1230 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
    1230 Lancaster Dr SE Salem, OR 97317
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