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    Property profile & analytics

    270 Lancaster NE Dr Salem, OR 97301-5111

    • Car washes
    • 3,456 SF
    • 0.54 lot acres
    OFF-MARKET
    Value Estimation
    $1,200,000
    Last Sale
    Feb 01, 2024
    $1,200,000
    Location Intelligence
    Property ID
    US71-0449087
    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

    • Dave Morton Auto Sales / Used Car Dealer / Truck Dealer
    • Deals On Wheels / Used Car Dealer
    • Soap N Suds Car Wash / Car Wash

    Property Details for 270 Lancaster NE Dr

    Year built
    1986
    Lot size
    0.54 lot acres
    Property size
    3,456 SF
    Zone code
    CG
    Property type
    Car washes
    APN
    072W30CA04700
    APU
    072W30CA04700

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,200,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,195,000
      6.5%
      $1,320,000
      7%
      $1,120,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,300,000
      Geo Method
      $1,330,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,175,000
      Retail
      $1,190,000
      Mixed-Use
      $1,085,000
      Hospitality
      $1,075,000
      Educational
      $1,160,000
      Residential Income
      $995,000
      Energy
      $1,015,000
      Income-Based Land
      $965,000
      Food Service
      $1,040,000

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -122.983
    Latitude
    44.9311
    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
    $9,646
    $0.00
    $0.00
    $641,900
    -
    $338,720
    $303,180
    $641,900

    Comparable in this City

    • Value Estimation by Request
      2,440 SF

      3000 Ryan SE Dr

      CAR WASH • 2,440 SF
      3000 Ryan SE Dr, Salem, OR 97301
      View Details
    • Value Estimation by Request
      0.41 Acres

      Salem, OR 97301

      VEHICLE SALES, RENTALS • 0.41 Acres
      Salem, OR 97301
      View Details
    • Value Estimation by Request
      29,525 SF

      3100 Ryan SE Dr

      VEHICLE SALES, RENTALS • 29,525 SF
      3100 Ryan SE Dr, Salem, OR 97301-5061
      View Details
    • Value Estimation by Request
      23,675 SF

      1151 Van Ness NE Ave

      VEHICLE SALES, RENTALS • 23,675 SF
      1151 Van Ness NE Ave, Salem, OR 97301-7276
      View Details
    • Value Estimation by Request
      1,161 SF

      2599 Market NE St

      SERVICE STATION (FULL SERVICE) • 1,161 SF
      2599 Market NE St, Salem, OR 97301-1580
      View Details
    • Value Estimation by Request
      1,400 SF

      2909 Market NE St

      VEHICLE SALES, RENTALS • 1,400 SF
      2909 Market NE St, Salem, OR 97301-1646
      View Details

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    • New
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      Versatile Commercial Property in Salem

      3.09 acres with shop, office, and truck wash.
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    Similar Nearby for Lease

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    • $13 SF/Yr
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    • $1.50 SF/Yr
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      Corner Retail Space in Salem

      Retail space available at the corner of Liberty and Chemeketa.
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    • $1,450 /Mo
      1,358 SF

      Downtown Salem Retail/Office Space

      Modern retail/office space in downtown Salem, across from Riverfront Park.
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      View Details
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    270 Lancaster NE Dr
    Salem, OR 97301-5111
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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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