Property profile

2737 Lancaster NE Dr Salem, OR 97305

OFF-MARKET
Strip malls
Property ID
US71-0662706
5,070 SF 0.89 ac lot Built 2012
Entity Owned 9-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2012
Total area 5,070 SF
Lot 0.89 ac (38,768 SF)
Zoning code CR
APN 072W18CB00104
UPID US71-0662706

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
  • Dental Office
  • Dental Office
  • Dental Office
  • Food Market Restaurant

Location

2737 Lancaster NE Dr Salem, OR 97305-4134
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
by Request

Owner & transaction history

since 2017
7 recorded transactions
2017
$845,000
2012
Price N/A
2011
$525,000
2009
Price N/A
2009
Price N/A
2008
Price N/A
2001
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
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 2737 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