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    3271 Lancaster Dr NE Salem, OR 97305

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    For Sale
    Contact for pricing

    High-exposure commercial/retail development lot on Lancaster Drive NE.

    Lot size:
    0.30 Acres

    Property Features for 3271 Lancaster Dr NE

    General Information

    Lot size
    0.30 Acres

    Source: NAI Elliott Agent Nick Stanton

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

    Overview

    Commercial Land on Lancaster Drive

    This commercial and retail development lot offers high exposure and traffic counts on Lancaster Drive NE, situated next to Dairy Queen and Howard Commons Apartments. It represents one of the last remaining developable lots on Lancaster Drive. Prospective buyers are advised to conduct thorough due diligence regarding development and access with the City of Salem and Marion County.
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -122.9838638
    Latitude
    44.9669559

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    FAQs

    What type of property is this?
    Land - High-exposure commercial/retail development lot on Lancaster Drive NE.
    Where is this land located?
    The property is located at 3271 Lancaster Dr NE Salem, OR.
    What are key features of this property?
    This property features: - High exposure and traffic counts on Lancaster DR NE.; - Commercial/Retail development lot.; - Located next to Dairy Queen and Howard Commons Apartments.
    (503) 784-0407
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    3271 Lancaster Dr NE Salem, OR 97305
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    Salem, OR 97305
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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
    3271 Lancaster Dr NE Salem, OR 97305
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