Financial
Distress signals
Property profile

1685 Lancaster NE Dr Salem, OR 97301

OFF-MARKET
Retail properties & Spaces
Property ID
US71-0942278
3,999 SF 0.3 ac lot Built 1976
Last sale Mar 1988 · $237,745
Individually Owned Owner of record is an individual. 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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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?
$10k
Tax billed · 2023
Assessed value$507k
Effective rate1.96%

Value estimate

· Sep 2026
$1.03M
$923k – $1.13M
Submarket $/SF estimate$953k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$160/SF
Submarket average, outlier-cleaned · 28 recorded sales of this use type
Observed band · Q1–Q3$98 – $238

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: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop33.5
Realty agency33.4
Building Supply31.7

Location

1685 Lancaster NE Dr Salem, OR 97301-1965
County assessor Recorded deeds · 3 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2680 Portland NE, Salem, OR 97301-0125 $750,000 Feb 2026 4,125 SF
1165 Madison NE, Salem, OR 97301-7862 $164,000 Dec 2024 4,070 SF
2590 Cherry NE, Salem, OR 97301-7234 $600,000 Sep 2024 3,600 SF
353 State, Salem, OR 97301 $1,031,529 May 2023 3,315 SF
3393 Silverton NE, Salem, OR 97301-8654 $695,000 Jan 2023 3,696 SF
3480 Brady NE, Salem, OR 97301-0991 $745,000 Mar 2022 4,200 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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