Property profile

280 Lancaster NE Dr Salem, OR 97301

OFF-MARKET
Warehouses
Property ID
US71-0495756
9,400 SF 0.52 ac lot
Entity Owned 43-yr Hold Free & Clear
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Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Total area 9,400 SF
Lot 0.52 ac (22,651 SF)
Zoning code CG
APN 072W30CA05600
UPID US71-0495756

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
  • Storage Facility

Location

280 Lancaster NE Dr Salem, OR 97301-5111
Salem metro Census 1801 SALEM, OR METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.09M
Blend (final) Blend
$445k

Owner & transaction history

since 1983
1 recorded transaction
1983
$1.2M

Zoning & alternative use

CG · Salem, OR
Zoning description

The purpose of the General Commercial (CG) 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.

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $3.4M +83.6%
Medical building $3.2M +73.8%
Commercial (general) $2.7M +45.5%

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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