Technical
Financial
Distress signals
Property profile

220 Lancaster SE Dr Salem, OR 97317

OFF-MARKET
Drive through restaurants
Property ID
US71-0579200
1,831 SF 0.68 ac lot Built 2008
Entity Owned 8-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2008
Total area 1,831 SF
Lot 0.68 ac (29,621 SF)
Zoning code CR
APN 072W30CD06204
UPID US71-0579200

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Pet Store

Location

220 Lancaster SE Dr Salem, OR 97317-5333
Salem metro Census 1801 SALEM, OR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.27M
Blend (final) Blend
$2.26M

Owner & transaction history

since 2018
4 recorded transactions
2018
$2.3M
2018
$1.8M
2007
Price N/A
2004
$2.9M

Zoning & alternative use

CR · Salem, OR
Zoning description

The purpose of the Commercial Retail (CR) Zone is to implement the commercial designation of the Salem Area Comprehensive Plan through the identification of allowed uses and the establishment of development standards. Th…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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