Property profile

432 Lancaster NE Dr Salem, OR 97301

OFF-MARKET
Medical Office Space
Property ID
US71-0939221
1,550 SF 0.33 ac lot Built 1973
Entity Owned 11-yr Hold Free & Clear
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL CLINIC
Year built 1973
Total area 1,550 SF
Lot 0.33 ac (14,375 SF)
Zoning code CO
APN 072W30BD08100
UPID US71-0939221

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

432 Lancaster NE Dr Salem, OR 97301-4728
Salem metro Census 1701 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
$734k
Blend (final) Blend
$560k

Owner & transaction history

since 2015
3 recorded transactions
2015
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CO · Salem, OR
Zoning description

The purpose of the Commercial Office (CO) 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
Top alternative use upside
Auto repair, garage $555,000 +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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