Technical
Financial
Distress signals
Property profile

2620 Lancaster NE Dr Salem, OR 97305

OFF-MARKET
Retail space
Property ID
US71-1099493
5,400 SF 0.59 ac lot Built 2010
Individually Owned 2-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2010
Total area 5,400 SF
Lot 0.59 ac (25,700 SF)
Zoning code CR
APN 072W18CA06000
UPID US71-1099493

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
  • Grocery & Convenience Store Food Market
  • Restaurant
  • Restaurant Take-out & Catering
  • Hair Salon Nail Salon
  • Atm

Location

2620 Lancaster NE Dr Salem, OR 97305-4265
Salem metro Census 1607 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
by Request
Blend (final) Blend
$310k

Owner & transaction history

since 2023
Last sale
$275,000
7 recorded transactions
2024
Price N/A
2023
Price N/A
2023
Price N/A
2022
Price N/A
2021
Price N/A
2020
Price N/A
2010
Price N/A

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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