Financial
Distress signals
Property profile

1136 Lancaster NE Dr Salem, OR 97301

OFF-MARKET
Commercial real estate
Property ID
US71-0484160
4,830 SF 0.25 ac lot Built 1986
Last sale Sep 2019 · $720,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

This exceptional Salem, Oregon retail property, located at 1136 Lancaster Dr NE, presents a compelling investment opportunity. The 4,830 square foot building sits on a 10,890 square foot lot and is currently fully leased to a tenant with a remaining lease term of six years. The lease includes annual rent increases of 3%, starting at $77,408 annually in August, providing a strong and predictable income stream. The tenant is responsible for all operating expenses, excluding roof and structural

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.

Mortgages

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?
$11k
Tax billed · 2023
Assessed value$557k
Effective rate1.92%

Value estimate

· Sep 2026No data for this section
What is it worth?

No value estimate could be modeled: the record carries too little market input for this parcel.

Recently sold

What actually traded nearby?
$283/SF
ZIP average, outlier-cleaned · 49 recorded sales of this use type
Observed band · Q1–Q3$105 – $440

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 agency33.1
Wholesale Shop32.9
Building Supply31.9

Location

1136 Lancaster NE Dr Salem, OR 97301-2933
County assessor Recorded deeds · 7 transfers Qualifying comp sales · not on file 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1131 Lancaster NE, Salem, OR 97301-2934 $995,000 Feb 2026 3,640 SF
2380 Fairgrounds NE, Salem, OR 97301-0610 $600,000 Jul 2025 4,408 SF
2943 Silverton NE, Salem, OR 97301-0851 $1,300,000 May 2025 6,200 SF
1311 Liberty NE, Salem, OR 97301-6429 $400,000 May 2025 3,200 SF
2794 Market NE, Salem, OR 97301-1641 $1,150,000 May 2024 6,989 SF
1144 Ctr NE, Salem, OR 97301-2523 $782,500 Mar 2024 3,382 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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1136 Lancaster NE Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message