Technical
Financial
Distress signals
Property profile

3314 Lancaster NE Dr Salem, OR 97305

OFF-MARKET
Retail space
Property ID
US71-0978887
5,085 SF 0.75 ac lot Built 2014
Entity Owned 8-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2014
Total area 5,085 SF
Lot 0.75 ac (32,670 SF)
Zoning code CR
APN 072W18BA00800
UPID US71-0978887

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
  • Restaurant

Location

3314 Lancaster NE Dr Salem, OR 97305-1354
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
$1.79M
Blend (final) Blend
$1.72M

Owner & transaction history

since 2017
3 recorded transactions
2017
Price N/A
2012
Price N/A
1969
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
Top alternative use upside
Restaurant $2.2M +79.0%
Auto repair, garage $1.8M +44.9%
Medical building $1.7M +37.2%

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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