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Property profile & analytics
OFF-MARKET
Strip malls
3052 Lancaster NE Dr Salem, OR 97305-1396
Individually Owned
30-yr Hold
~
Est. High Equity
Property ID
US71-1019548
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1986
Total area
28,950 SF
Lot
2.45 ac (106,722 SF)
Zoning code
CR
APN
072W18BD01000
UPID
US71-1019548
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
US Navy Enlisted Recruiting Military Recruiting Office
-
Pizza Hut Take-out & Catering
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
Timothy L Hensley · 30 yrs held
Timothy L Hensley
since 1995
7 recorded transactions
Zoning & alternative use
CR · Salem, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Salem submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salem submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$59,626
Tax year 2023
Assessed value
$4,038,580
Assessed 2023
Previous assessed
$3,948,020
+2.3% YoY
Effective rate
1.48%
On assessed value
Land market value
$1,707,550
Improvement market value
$2,331,030
Total market value
$4,038,580
Applied tax rate
24,620.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1986
Heating
NONE
Stories
1
Total area
28,950 SF
Lot
2.45 ac (106,722 SF)
Zoning code
CR
APN
072W18BD01000
UPID
US71-1019548
Jurisdiction
MARION
Zoning & alternative use
CR · Salem, OR
Zoning CR · permitted uses
CR · Salem, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Salem. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1986
Heating
NONE
Stories
1
Lot
2.45 ac
Current owner
From public records · entity-resolved
Timothy L Hensley
Individual
Mailing address
3959 CROISAN MTN DR S, SALEM, OR 97302-3645
Ownership since
1995
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2018
—
Timothy L Hensley
—
Deed
related
$4,136,000 · Umpqua Bk
Dec 8, 1995
$2,200,000
Timothy L Hensley
Downtown Business Partnership
Grant Deed
—
Oct 27, 1994
—
Downtown Business Partnership
—
Deed Of Trust
related
$1,500,000 · Standard Insurance Co
Nov 10, 1983
—
Downtown Business Partnership Db
Unknown
Grant Deed
related
—
—
—
Timothy L Hensley
—
Deed Of Trust
related
$3,750,000 · Umpqua Bank
—
—
Timothy L Hensley
—
Loan Modification
related
$4,136,000 · Umpqua Bk
—
—
Timothy L Hensley
—
Deed Of Trust
related
$3,801,232 · Umpqua Bank
—
—
Timothy L Hensley
—
Deed Of Trust
related
$2,400,000 · Washington Mutual Fsb
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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