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    Property profile & analytics

    1741 Lancaster NE Dr Salem, OR 97305-1024

    • Retail space
    • 11,320 SF
    • 0.24 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Oct 27, 2022
    $1,600,000
    Location Intelligence
    Property ID
    US71-0406446
    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

    • La Tropicana / Mexican Goods Store

    Property Details for 1741 Lancaster NE Dr

    Year built
    1986
    Lot size
    0.24 lot acres
    Property size
    11,320 SF
    Zone code
    CR
    Property type
    Retail space
    APN
    072W19BC00900
    APU
    072W19BC00900

    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
    -122.985
    Latitude
    44.9511
    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
    $9,375
    $0.00
    $0.00
    $477,670
    -
    $164,000
    $428,750
    $592,750

    Comparable in this City

    • Value Estimation by Request
      5,085 SF

      3314 Lancaster NE Dr

      RETAIL STORES (PERSONAL SERVICES) • 5,085 SF
      3314 Lancaster NE Dr, Salem, OR 97305-1354
      View Details
    • Value Estimation by Request
      24,168 SF

      1895 Lancaster NE Dr

      RETAIL STORES (PERSONAL SERVICES) • 24,168 SF
      1895 Lancaster NE Dr, Salem, OR 97305-1001
      View Details
    • Value Estimation by Request
      21,476 SF

      4660 Portland NE Rd

      RETAIL STORES (PERSONAL SERVICES) • 21,476 SF
      4660 Portland NE Rd, Salem, OR 97305-1683
      View Details
    • Value Estimation by Request
      10,000 SF

      2035 Lancaster NE Dr

      RETAIL STORES (PERSONAL SERVICES) • 10,000 SF
      2035 Lancaster NE Dr, Salem, OR 97305
      View Details
    • Value Estimation by Request
      6,032 SF

      2829 Lancaster NE Dr

      RETAIL STORES (PERSONAL SERVICES) • 6,032 SF
      2829 Lancaster NE Dr, Salem, OR 97305-1798
      View Details
    • Value Estimation by Request
      18,306 SF

      3200 Lancaster NE Dr

      RETAIL STORES (PERSONAL SERVICES) • 18,306 SF
      3200 Lancaster NE Dr, Salem, OR 97305-1352
      View Details

    Similar Nearby for Sale

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      Retail Property Near Interstate 5

      Retail property with value-add opportunity in North Salem.
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      Sophisticated apartments with terraces and private swimming pools.
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      1.39 Acres

      4707 Silverton Rd NE

      Land • 10,059 SF
      4707 Silverton Rd, Salem, OR 97305
      View Details
    • Contact for pricing

      Commercial Land on Lancaster Drive

      High-exposure commercial/retail development lot on Lancaster Drive NE.
      3271 Lancaster Dr NE, Salem, OR 97305
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    • Contact for pricing

      Freestanding Office Building with Land

      Two-story office building with land in North Salem.
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    Similar Nearby for Lease

    • $1.70 SF/Yr
      22,351 SF

      Prime Retail Space in Salem

      High-traffic retail space in SunnyLan Retail Center, Salem, OR.
      2118 Lancaster Dr Northeast, Salem, OR 97305
      View Details
    • $1.42 SF/Yr
      1,920 SF

      Retail Space in Salem, Oregon

      Retail space available with high traffic and good parking.
      1955 Lancaster Dr NE, Salem, OR 97305
      View Details
    • $1.83 SF/Yr
      3,010 SF

      Retail Space Available For Rent

      Retail space available for lease in Salem, Oregon.
      3815 Devonshire Ave NE, Salem, OR 97305
      View Details
    • Contact for pricing
      2,538 SF

      Retail Space on Lancaster Drive

      Retail space in a high-traffic shopping center location.
      2319 Lancaster Dr NE, Salem, OR 97305
      View Details
    • $24 SF/Yr
      1,553 SF

      Retail Space in Oak Park Plaza

      Retail space available in high-volume, Safeway-anchored shopping center.
      3278-3380 Lancaster Dr NE, Salem, OR 97305
      View Details
    • $2 SF/Yr
      470 SF

      Retail Space with Roll-Up Door

      470 SF retail space with high visibility and parking.
      4747 Lancaster Dr NE, Salem, OR 97305
      View Details
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    Salem, OR 97305-1024
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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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