Property profile

255 Lancaster NE Dr Salem, OR 97301

OFF-MARKET
Medical Office Space
Property ID
US71-0511057
35,601 SF 3.16 ac lot Built 1981
Individually Owned 11-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL CLINIC
Year built 1981
Total area 35,601 SF
Lot 3.16 ac (137,650 SF)
Zoning code CR; RM; CG
APN 072W30CB04400
UPID US71-0511057

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
  • Medical Clinic
  • Pediatrician Physician
  • Pediatrician Physician
  • Physician
  • Counselor Health Care Facility

Location

255 Lancaster NE Dr Salem, OR 97301-5155
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
$12.03M
Blend (final) Blend
$4.48M

Owner & transaction history

since 2015
6 recorded transactions
2016
Price N/A
2015
$4.5M
2013
Price N/A
1998
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CR; RM; CG · Salem, OR
Top alternative use upside
Restaurant $15.7M +30.4%
Auto repair, garage $12.7M +5.6%

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 255 Lancaster NE Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message