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    Property profile & analytics

    1011 Lancaster NE Dr Salem, OR 97301-2932

    • Drive through restaurants
    • 0.29 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US71-0969322
    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

    • McDonald's / Coffee Shop / Hamburger Restaurant

    Property Details for 1011 Lancaster NE Dr

    Lot size
    0.29 lot acres
    Zone code
    CR
    Property type
    Drive through restaurants
    APN
    072W19CC00400
    APU
    072W19CC00400

    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
    -122.984
    Latitude
    44.9437
    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
    $8,029
    $0.00
    $0.00
    $409,060
    -
    $136,420
    $310,220
    $446,640

    Comparable in this City

    • Value Estimation by Request
      0.48 Acres

      4165 Portland NE Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 0.48 Acres
      4165 Portland NE Rd, Salem, OR 97301
      View Details
    • Value Estimation by Request
      3,254 SF

      802 Lancaster NE Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,254 SF
      802 Lancaster NE Dr, Salem, OR 97301-2968
      View Details
    • Value Estimation by Request
      2,968 SF

      3001 Market NE St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,968 SF
      3001 Market NE St, Salem, OR 97301-1812
      View Details
    • Value Estimation by Request
      4,809 SF

      1112 Ctr NE St

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,809 SF
      1112 Ctr NE St, Salem, OR 97301
      View Details
    • Value Estimation by Request
      2,693 SF

      4195 Portland NE Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,693 SF
      4195 Portland NE Rd, Salem, OR 97301-6751
      View Details
    • Value Estimation by Request
      1,344 SF

      3855 Market NE St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,344 SF
      3855 Market NE St, Salem, OR 97301-1831
      View Details

    Similar Nearby for Sale

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      Profitable coffee shop with equipment and inventory in prime location.
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    • $4,575,000
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      38,450 SF historic building with office, retail, and event spaces.
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      Restored 1894 building with apartments and retail spaces.
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    Similar Nearby for Lease

    • $18 SF/Yr
      4,000 SF

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      Prime Salem retail space, high visibility.
      1245 Columbia St, Salem, OR 97301
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    • $20 SF/Yr
      21,110 SF

      Salem Retail Center Investment Opportunity

      Upscale Salem retail spaces available now.
      480-498 Lancaster Dr, Salem, OR 97301
      View Details
    • $2,750,000
      568 SF

      Mixed-Use Property in Salem

      Versatile mixed-use property with retail, office, and warehouse space.
      3545 Portland Rd NE, Salem, OR 97301
      View Details
    • Contact for pricing
      21,690 SF

      Retail Space on Lancaster Drive

      Retail space available with frontage on Lancaster Drive.
      616-654 Lancaster Dr NE, Salem, OR 97301
      View Details
    • $1.25 SF/Yr
      716 SF

      Retail Space with Offices

      Retail space featuring a reception area and three offices.
      724-738 Hawthorne Ave NE, Salem, OR 97301
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    • $28 SF/Yr
      2,620 SF

      Retail Space with High Visibility

      Retail spaces with prime signage and high traffic exposure.
      2505 Liberty St NE, Salem, OR 97301
      View Details
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    1011 Lancaster NE Dr
    Salem, OR 97301-2932
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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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