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    Property profile & analytics

    1292 Lancaster NE Dr Salem, OR 97301-1958

    • Turn key restaurants
    • 2,990 SF
    • 0.99 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US71-0948165
    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

    • Turn key restaurants

    Property Details for 1292 Lancaster NE Dr

    Year built
    1974
    Lot size
    0.99 lot acres
    Property size
    2,990 SF
    Zone code
    CR
    Property type
    Turn key restaurants
    APN
    072W19CA06200
    APU
    072W19CA06200

    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
    -122.983
    Latitude
    44.9456
    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
    $18,404
    $0.00
    $0.00
    $937,710
    -
    $687,310
    $395,260
    $1,082,570

    Comparable in this City

    • Value Estimation by Request
      3,246 SF

      1134 Lancaster NE Dr

      RESTAURANT • 3,246 SF
      1134 Lancaster NE Dr, Salem, OR 97301-2933
      View Details
    • Value Estimation by Request
      9,792 SF

      195 Commercial NE St

      RESTAURANT • 9,792 SF
      195 Commercial NE St, Salem, OR 97301-3402
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    • Value Estimation by Request
      7,587 SF

      3610 Ctr NE St

      RESTAURANT • 7,587 SF
      3610 Ctr NE St, Salem, OR 97301-2903
      View Details
    • Value Estimation by Request
      4,463 SF

      3680 Market NE St

      RESTAURANT • 4,463 SF
      3680 Market NE St, Salem, OR 97301-1824
      View Details
    • Value Estimation by Request
      9,155 SF

      1302 Lancaster NE Dr

      RESTAURANT • 9,155 SF
      1302 Lancaster NE Dr, Salem, OR 97301-1929
      View Details
    • Value Estimation by Request
      1,265 SF

      1760 Market NE St

      RESTAURANT • 1,265 SF
      1760 Market NE St, Salem, OR 97301-2261
      View Details

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    Salem, OR 97301-1958
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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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