Financial
Distress signals
Property profile

275 Lancaster NE Dr Salem, OR 97301

OFF-MARKET
Commercial real estate
Property ID
US71-1003812
66,594 SF 3.99 ac lot Built 1976
Last sale Sep 2016 · $285,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$87k
Tax billed · 2023
Assessed value$5.89M
Effective rate1.48%

Value estimate

· Sep 2026
$21.89M
$19.70M – $24.07M
Submarket $/SF estimate$21.89M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$283/SF
ZIP average, outlier-cleaned · 49 recorded sales of this use type
Observed band · Q1–Q3$105 – $440

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
CG; RM
JurisdictionMARION

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm25.9
Realty agency24.9
HVAC Service14.7

Location

275 Lancaster NE Dr Salem, OR 97301-5155
County assessor Recorded deeds · 8 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3060 Portland NE, Salem, OR 97301-0128 $1,150,000 Dec 2025 18,468 SF
2809 Market NE, Salem, OR 97301-1644 $1,300,000 Jul 2025 13,214 SF
1012 Commercial NE, Salem, OR 97301-1057 $800,000 Mar 2025 10,903 SF
1870 Lana NE, Salem, OR 97301-0116 $1,115,000 Oct 2024 13,085 SF
3515 Del Webb NE, Salem, OR 97301-0367 $309,275 May 2024 48,327 SF
2794 Market NE, Salem, OR 97301-1641 $1,150,000 May 2024 6,989 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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