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Financial
Distress signals
Property profile

3271 Lancaster Dr NE Salem, OR 97305

FOR LEASE
Commercial land
Property ID
US71-0732014
8,332 SF 0.64 ac lot Built 1973
Last sale Jan 2025 · $700,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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3271 Lancaster Dr NE, Salem, OR 97305 For Lease
Contact for pricing
3271 Lancaster Dr NE, Salem, OR 97305
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Property summary

AI-generated overview

A commercial and retail development lot located on Lancaster Drive NE in proximity to a Dairy Queen and Howard Commons Apartments. The site is positioned on one of the remaining developable parcels along Lancaster Drive and is suited for commercial and retail development subject to required approvals. Development and access considerations require coordination and due diligence with the City of Salem and Marion County.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$7k
Tax billed · 2023
Assessed value$366k
Effective rate1.96%

Value estimate

· Oct 2026
$965k
$869k – $1.06M
Submarket $/SF estimate$1.16M

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$262/SF
Submarket average, outlier-cleaned · 102 recorded sales of this use type
Observed band · Q1–Q3$105 – $449
Qualifying comparables6

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
CR
The purpose of the Commercial Retail (CR) Zone is to implement the commercial designation of the Salem Area Comprehensive Plan through th...
General categoryCOMMERCIAL
JurisdictionMARION

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency58.0
Law Firm38.5
Building Supply29.8

Location

3271 Lancaster Dr NE Salem, OR 97305
County assessor Recorded deeds · 8 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4765 Niles NE, Salem, OR 97305-1156 $57,712 Mar 2023 1,291 SF
4769 Niles NE, Salem, OR 97305-1156 $32,000 Mar 2023 1,120 SF
4768 Niles NE, Salem, OR 97305-1155 $80,000 Mar 2023 888 SF
8801 Portland NE, Salem, OR 97305-9666 $250,000 Dec 2022 4,040 SF
4752 Niles NE, Salem, OR 97305-1155 $50,000 May 2022 874 SF
4045 Silverton NE, Salem, OR 97305-2052 $225,000 Sep 2019 2,439 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby

Comparable nearby

  • Value Estimation
    $1,405,000
    0.70 Acres
    8765 Pueblo NE Ave
    VACANT COMMERCIAL LAND
    8765 Pueblo NE Ave, Salem, OR 97305-9727
    View Details
  • Value Estimation
    $395,000
    1.07 Acres
    8801 Portland NE Rd
    VACANT COMMERCIAL LAND
    8801 Portland NE Rd, Salem, OR 97305-9666
    View Details
  • Value Estimation
    $1,710,000
    0.33 Acres
    3240 Lancaster NE Dr
    VACANT COMMERCIAL LAND
    3240 Lancaster NE Dr, Salem, OR 97305-1352
    View Details
  • Value Estimation
    $280,000
    0.39 Acres
    4045 Silverton NE Rd
    VACANT COMMERCIAL LAND
    4045 Silverton NE Rd, Salem, OR 97305-2052
    View Details
  • Value Estimation
    $550,000
    0.41 Acres
    4035 Silverton NE Rd
    VACANT COMMERCIAL LAND
    4035 Silverton NE Rd, Salem, OR 97305-2052
    View Details
  • Value Estimation
    $770,000
    8.85 Acres
    3390 Blossom NE Dr
    VACANT COMMERCIAL LAND
    3390 Blossom NE Dr, Salem, OR 97305-1712
    View Details

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Similar in This City for Lease

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    Land lease opportunity in South Salem with frontage on Liberty Road.
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  • New
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  • Contact for pricing
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