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    Property profile & analytics

    375 Lancaster SE Dr Salem, OR 97317-5336

    • Bars
    • 3,888 SF
    • 0.45 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US71-0523305
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The Silver Dollar Tavern / Bar / Bar & Grill

    Property Details for 375 Lancaster SE Dr

    Year built
    1962
    Lot size
    0.45 lot acres
    Property size
    3,888 SF
    Zone code
    CR
    Property type
    Bars
    Property subtype
    Pubs
    APN
    072W31BB04700
    APU
    072W31BB04700

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -122.984
    Latitude
    44.9247
    CBSA code
    41420
    CBSA name
    SALEM, OR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,761
    $0.00
    $0.00
    $431,050
    -
    $313,760
    $277,370
    $591,130

    Comparable in this City

    • Value Estimation by Request
      2,613 SF

      165 Lancaster SE Dr

      BAR, TAVERN • 2,613 SF
      165 Lancaster SE Dr, Salem, OR 97317-5332
      View Details
    • Value Estimation by Request
      3,193 SF

      501 Lancaster SE Dr

      BAR, TAVERN • 3,193 SF
      501 Lancaster SE Dr, Salem, OR 97317-5642
      View Details
    • Value Estimation by Request
      3,244 SF

      115 Lancaster SE Dr

      BAR, TAVERN • 3,244 SF
      115 Lancaster SE Dr, Salem, OR 97317-5332
      View Details
    • Value Estimation by Request
      4,180 SF

      520 Lancaster SE Dr

      BAR, TAVERN • 4,180 SF
      520 Lancaster SE Dr, Salem, OR 97317-5641
      View Details
    • Value Estimation by Request
      3,987 SF

      8362 Macleay SE Rd

      NIGHTCLUB (COCKTAIL LOUNGE) • 3,987 SF
      8362 Macleay SE Rd, Salem, OR 97317-9038
      View Details
    • Value Estimation by Request
      0.06 Acres

      8362 Macleay SE Rd

      NIGHTCLUB (COCKTAIL LOUNGE) • 0.06 Acres
      8362 Macleay SE Rd, Salem, OR 97317-9038
      View Details

    Similar Nearby for Sale

    • $950,000
      6,039 SF

      Macleay Country Inn Restaurant For Sale

      Long-standing restaurant, store, and home with seller financing available.
      8342-8362 Macleay Rd SE, Salem, OR 97317
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    • $1,525,000
      9 SF

      Retail and Office Space Available

      Mix of retail and professional office spaces for sale.
      850-862 Lancaster Dr SE Salem, Salem, OR 97317
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    • $6,950,000
      4,200 SF

      Retail Strip Center For Sale

      Two-building retail strip center with vacancy, remodeled in 2019.
      1420 Lancaster Dr NE, Salem, OR 97317
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    • Contact for pricing

      Retail Property in Salem, Oregon

      Retail property available for sale in Salem, Oregon.
      3930-3970 Rickey St SE, Salem, OR 97317
      View Details
    • $17,250,000
      109,289 SF

      Lancaster Drive Retail Center For Sale

      Fully occupied retail center anchored by WinCo with long-term tenants.
      1250 Lancaster Dr SE, Salem, OR 97317
      View Details
    • Contact for pricing
      100,000 SF

      Salem Logistics Center: Build-to-Suit

      Industrial space, flexible design, shovel-ready.
      0 Ml Crk Dr & Kuebler Blvd, Salem, OR 97317
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    Similar Nearby for Lease

    • $1.20 SF/Yr
      5,592 SF

      Equipped Bar Space For Lease

      5,592 SF bar space available in Heritage Square Shopping Center.
      1570-1584 Lancaster Dr NE, Salem, OR 97317
      View Details
    • $3,210,000
      3,536 SF

      Retail Space Near Lancaster Drive

      Retail space available near high-traffic intersection and major retailers.
      1120-1130 Lancaster Dr SE, Salem, OR 97317
      View Details
    • Contact for pricing
      116,973 SF

      Retail Anchor Opportunity Near I-5

      Anchor retail space available near major retailers and I-5.
      1230 Lancaster Dr SE, Salem, OR 97317
      View Details
    • $24 SF/Yr
      2,933 SF

      Lancaster Drive Retail Spaces Available

      Retail spaces available in busy Lancaster Drive retail center.
      980-1126 Lancaster Dr NE, Salem, OR 97317
      View Details
    • $10 SF/Yr
      119,137 SF

      Retail Space in Salem Hub

      Retail space available in a growing Salem retail hub.
      1120-1264 Lancaster Dr SE, Salem, OR 97317
      View Details
    • Contact for pricing
      2,000,275 SF

      Salem Logistics Center: Build-to-Suit

      75 Acres, Multiple Lots, Industrial Land
      0 Salem Or, Salem, OR 97317
      View Details
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    375 Lancaster SE Dr
    Salem, OR 97317-5336
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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