Property profile

434 Lancaster NE Dr Salem, OR 97301

OFF-MARKET
Medical Office Space
Property ID
US71-0928565
3,361 SF 0.3 ac lot Built 1984
Entity Owned 12-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group DENTAL BUILDING
Year built 1984
Total area 3,361 SF
Lot 0.3 ac (13,068 SF)
Zoning code CO
APN 072W30BD08000
UPID US71-0928565

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

Location

434 Lancaster NE Dr Salem, OR 97301-4728
Salem metro Census 1701 SALEM, OR METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.19M
Blend (final) Blend
$975k

Owner & transaction history

since 2013
4 recorded transactions
2013
$1.0M
1980
$39,360
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 $1.2M +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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