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    2025 Lancaster Dr Salem, OR 97305

    • Commercial real estate
    • 51,823 SF
    • 3.84 lot acres
    For Lease
    View listing
    Value Estimation
    Location Intelligence
    Property ID
    US71-0244504
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • TNT Fireworks / Fireworks Store / Store
    • Big Lots / Discount Store / Furniture Store

    Property Details for 2025 Lancaster Dr

    Year built
    1983
    Lot size
    3.84 lot acres
    Property size
    51,823 SF
    Zone code
    CR
    Property type
    Commercial real estate
    APN
    072W19BB00400
    APU
    072W19BB00400

    Description

    This expansive 49,192 square-foot retail property, located at 2025 Lancaster Dr NE in Salem, Oregon, presents a remarkable opportunity for businesses seeking a prominent location in a bustling retail area. Previously occupied by Big Lots, the single-tenant building boasts an open floor plan, high ceilings, and a well-maintained exterior ensuring excellent visibility from Lancaster Drive. Built in 1986, the property is situated in Marion County, Oregon, and features ample parking to accommodate high customer traffic volume. A significant advantage is the spacious rear loading area, designed for efficient inventory management and streamlined deliveries. The property's size and location make it ideal for a variety of retail uses, offering significant potential for growth and success. The entire 49,192 square feet is currently vacant, providing a blank canvas for a new tenant to customize the space to their specific needs. This prime retail space offers a unique chance to establish a strong presence in a thriving Salem commercial corridor. The zip code is 97305.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -122.985
    Latitude
    44.9544
    CBSA code
    41420
    CBSA name
    SALEM, OR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $71,619
    $0.00
    $0.00
    $3,739,150
    -
    $2,673,010
    $1,066,140
    $3,739,150

    Comparable in this City

    • Value Estimation by Request
      34,988 SF

      2155 Lancaster NE Dr

      COMMERCIAL (GENERAL) • 34,988 SF
      2155 Lancaster NE Dr, Salem, OR 97305-1228
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    • Value Estimation by Request
      1,512 SF

      4752 Richard NE St

      COMMERCIAL (GENERAL) • 1,512 SF
      4752 Richard NE St, Salem, OR 97305-1770
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    • Value Estimation by Request
      3,779 SF

      4145 Silverton NE Rd

      SHOW ROOM, WAREHOUSE • 3,779 SF
      4145 Silverton NE Rd, Salem, OR 97305-2054
      View Details
    • Value Estimation by Request
      12,600 SF

      3653 Silverton NE Rd

      SHOW ROOM, WAREHOUSE • 12,600 SF
      3653 Silverton NE Rd, Salem, OR 97305-1471
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    • Value Estimation by Request
      864 SF

      4760 Niles NE Ave

      COMMERCIAL (GENERAL) • 864 SF
      4760 Niles NE Ave, Salem, OR 97305-1155
      View Details
    • Value Estimation by Request
      716 SF

      4784 Niles NE Ave

      COMMERCIAL (GENERAL) • 716 SF
      4784 Niles NE Ave, Salem, OR 97305
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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    • $177,000

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      Retail Property Near Interstate 5

      Retail property with value-add opportunity in North Salem.
      4746 Portland Rd NE, Salem, OR 97305
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    • Contact for pricing

      Commercial Land on Lancaster Drive

      High-exposure commercial/retail development lot on Lancaster Drive NE.
      3271 Lancaster Dr NE, Salem, OR 97305
      View Details
    • $60,000

      Move-In Ready Home in 55+ Community

      Comfortable 3-bedroom home in a convenient 55+ community.
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    Similar Nearby for Lease

    • $12 SF/Yr
      7,006 SF

      Prime Salem Executive Office Space

      7,006 SF Office Building, Suites Available
      4937 Indian School Rd, Salem, OR 97305
      View Details
    • $1.70 SF/Yr
      22,351 SF

      Prime Retail Space in Salem

      High-traffic retail space in SunnyLan Retail Center, Salem, OR.
      2118 Lancaster Dr Northeast, Salem, OR 97305
      View Details
    • $6,100,000
      1,868 SF

      Retail Space on Lancaster Drive

      Retail space available in high-traffic Salem location.
      2025-2423 Lancaster Dr NE, Salem, OR 97305
      View Details
    • $1.50 SF/Yr
      5,787 SF

      Lancaster Drive Office Space Available

      Professionally maintained office park with move-in ready suites.
      2475 Lancaster Dr NE, Salem, OR 97305
      View Details
    • $1.42 SF/Yr
      1,920 SF

      Retail Space in Salem, Oregon

      Retail space available with high traffic and good parking.
      1955 Lancaster Dr NE, Salem, OR 97305
      View Details
    • $1.83 SF/Yr
      3,010 SF

      Retail Space Available For Rent

      Retail space available for lease in Salem, Oregon.
      3815 Devonshire Ave NE, Salem, OR 97305
      View Details
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    2025 Lancaster Dr
    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
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