Financial
Distress signals
Property profile

1302 Lancaster NE Dr Salem, OR 97301

OFF-MARKET
Turn key restaurants
Property ID
US71-1004682
9,155 SF 2.89 ac lot Built 1992
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a parcel of land located on Lancaster Drive, adjacent to an Olive Garden restaurant, with nearby access to Fred Meyer and Willamette Town Center. The site provides convenient access to Interstate 5 via Market Street.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included 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?
$67k
Tax billed · 2023
Assessed value$3.39M
Effective rate1.96%

Value estimate

· Sep 2026
$3.60M
$3.24M – $3.95M
Sales comparison$6.33M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$441/SF
Submarket average, outlier-cleaned · 25 recorded sales of this use type
Observed band · Q1–Q3$197 – $692

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: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility12.5
HVAC Service11.2
Wholesale Shop10.9

Location

1302 Lancaster NE Dr Salem, OR 97301-1929
County assessor Recorded deeds · not on file 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
515 12th SE, Salem, OR 97301-4034 $1,339,000 Dec 2025 10,924 SF
356 State, Salem, OR 97301-3532 $337,500 Dec 2025 10,069 SF
1012 Commercial NE, Salem, OR 97301-1057 $800,000 Mar 2025 10,903 SF
3282 Silverton NE, Salem, OR 97301-8655 $1,600,000 Mar 2025 9,534 SF
3190 Portland NE, Salem, OR 97301-0130 $130,000 Jul 2024 6,888 SF
2953 Silverton NE, Salem, OR 97301-0851 $1,700,000 Dec 2023 8,120 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
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