Technical
Financial
Distress signals
Property profile

309 Lancaster NE Dr Salem, OR 97301

OFF-MARKET
Assisted living facilities
Property ID
US71-0898946
45,563 SF 1.67 ac lot Built 1972
Entity Owned 11-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1972
Total area 45,563 SF
Lot 1.67 ac (72,745 SF)
Zoning code CG
APN 072W30CB01100
UPID US71-0898946

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
  • Retirement Community
  • Hair Salon
  • Social Service Agency Charitable Organization

Location

309 Lancaster NE Dr Salem, OR 97301-4687
Salem metro Census 1701 SALEM, OR METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2015
7 recorded transactions
2017
Price N/A
2015
Price N/A
2014
Price N/A
2008
$2.5M
1989
$1.4M
1969
Price N/A
1969
Price N/A

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

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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