Property profile

3490 Lancaster NE Dr Salem, OR 97305

OFF-MARKET
Medical Office Space
Property ID
US71-1001580
6,843 SF 1.17 ac lot Built 1973
Entity Owned 13-yr Hold Free & Clear
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Property profile

Verified
Property type Medical Office Space
Use group DENTAL BUILDING
Year built 1973
Total area 6,843 SF
Lot 1.17 ac (50,965 SF)
Zoning code CR
APN 072W07CD03600
UPID US71-1001580

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
  • Dental Office
  • Dental Office
  • Dental Office
  • Dental Office
  • Dental Office

Location

3490 Lancaster NE Dr Salem, OR 97305-1356
Salem metro Census 1606 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
$3.16M
Blend (final) Blend
$2.87M

Owner & transaction history

since 2013
2 recorded transactions
2013
Price N/A
1998
$695,000

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 $3.0M +30.4%
Auto repair, garage $2.4M +5.6%

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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