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    Property profile & analytics

    1251 Lancaster NE Dr Salem, OR 97301-1994

    • Medical offices
    • 0.17 lot acres
    OFF-MARKET
    Value Estimation
    $900,000
    Last Sale
    Mar 07, 2023
    $810,941
    Location Intelligence
    Property ID
    US71-0937859
    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

    • Dr. Richard Teel, DDS / Orthodontist / Dentist
    • Family Dental Group / Dentist
    • Drop-Dead Gorgeous Dentures / Dentist
    • Bright View Family Dental / Dental Clinic
    • Sellers Bruce a DDS / Dentist

    Property Details for 1251 Lancaster NE Dr

    Lot size
    0.17 lot acres
    Zone code
    RS
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    072W19CB04800
    APU
    072W19CB04800

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $915,000

    • CAP approach

      CAP return
      Estimation
      6%
      $905,000
      6.5%
      $795,000
      7%
      $795,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $810,000
      Geo Method
      $885,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $960,000
      Retail
      $765,000
      Mixed-Use
      $705,000
      Hospitality
      $705,000
      Educational
      $745,000
      Residential Income
      $835,000
      Energy
      $790,000
      Income-Based Land
      $710,000
      Food Service
      $805,000

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -122.985
    Latitude
    44.9461
    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
    $1,070
    $0.00
    $0.00
    $54,530
    -
    $47,980
    $9,170
    $57,150

    Comparable in this City

    • Value Estimation by Request
      0.08 Acres

      431 Lancaster NE Dr

      MEDICAL CLINIC • 0.08 Acres
      431 Lancaster NE Dr, Salem, OR 97301-4729
      View Details
    • Value Estimation by Request
      24,591 SF

      1055 Erixon NE St

      MEDICAL CLINIC • 24,591 SF
      1055 Erixon NE St, Salem, OR 97301
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    • Value Estimation by Request
      38,820 SF

      700 Bellevue SE St

      MEDICAL CLINIC • 38,820 SF
      700 Bellevue SE St, Salem, OR 97301-3819
      View Details
    • Value Estimation by Request
      5,200 SF

      2010 Mccoy NE Ave

      MEDICAL CLINIC • 5,200 SF
      2010 Mccoy NE Ave, Salem, OR 97301
      View Details
    • Value Estimation by Request
      4,011 SF

      875 Oak St Se4b

      MEDICAL BUILDING • 4,011 SF
      875 Oak St Se4b, Salem, OR 97301-3975
      View Details
    • Value Estimation by Request
      2,057 SF

      875 Oak St Se5c

      MEDICAL BUILDING • 2,057 SF
      875 Oak St Se5c, Salem, OR 97301-3975
      View Details

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    Similar Nearby for Lease

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      Hip industrial spaces, flexible lease terms.
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    • $17 SF/Yr
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    Salem, OR 97301-1994
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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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