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    1992 Lancaster NE Dr Salem, OR 97305-1021

    • Commercial real estate
    • 13,833 SF
    • 1.34 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Mar 12, 2021
    $150,000
    Location Intelligence
    Property ID
    US71-1020252
    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

    • Walgreens Photo / Passport Photo Processor / Photo Lab
    • Cardtronics ATM / Atm
    • Walgreens Pharmacy / Pharmacy
    • COVID-19 Drive-Thru Testing at Walgreens / Pharmacy
    • Redbox / Movie Rental Kiosk / Dvd Store

    Property Details for 1992 Lancaster NE Dr

    Year built
    1997
    Lot size
    1.34 lot acres
    Property size
    13,833 SF
    Zone code
    CR
    Property type
    Commercial real estate
    APN
    072W19BA04100
    APU
    072W19BA04100

    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
    44.9535
    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
    $45,275
    $0.00
    $0.00
    $2,312,260
    -
    $1,120,700
    $1,377,770
    $2,498,470

    Comparable in this City

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      0.16 Acres

      4733 Niles NE Ave

      COMMERCIAL (GENERAL) • 0.16 Acres
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      0.34 Acres

      3265 Fisher NE Rd

      COMMERCIAL (GENERAL) • 0.34 Acres
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    • Value Estimation by Request
      22,012 SF

      2879 Lancaster NE Dr

      COMMERCIAL (GENERAL) • 22,012 SF
      2879 Lancaster NE Dr, Salem, OR 97305-1345
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Retail Property Near Interstate 5

      Retail property with value-add opportunity in North Salem.
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      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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      Comfortable 3-bedroom home in a convenient 55+ community.
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    Similar Nearby for Lease

    • $12 SF/Yr
      7,006 SF

      Prime Salem Executive Office Space

      7,006 SF Office Building, Suites Available
      4937 Indian School Rd, Salem, OR 97305
      View Details
    • $1.70 SF/Yr
      22,351 SF

      Prime Retail Space in Salem

      High-traffic retail space in SunnyLan Retail Center, Salem, OR.
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      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
    • $6,100,000
      1,868 SF

      Retail Space on Lancaster Drive

      Retail space available in high-traffic Salem location.
      2025-2423 Lancaster Dr NE, Salem, OR 97305
      View Details
    • $1.50 SF/Yr
      5,787 SF

      Lancaster Drive Office Space Available

      Professionally maintained office park with move-in ready suites.
      2475 Lancaster Dr NE, Salem, OR 97305
      View Details
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    Salem, OR 97305-1021
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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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