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    Property profile & analytics

    501 Lancaster NE Dr Salem, OR 97301-4731

    • Gas stations
    • 2,463 SF
    • 0.43 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jun 02, 2020
    Location Intelligence
    Property ID
    US71-0810979
    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

    • ARCO / Gas Station
    • ampm / Gas Station / Coffee Shop
    • LibertyX Bitcoin ATM / Atm
    • Free-Loader / Bar

    Property Details for 501 Lancaster NE Dr

    Year built
    1987
    Lot size
    0.43 lot acres
    Property size
    2,463 SF
    Zone code
    CR
    Property type
    Gas stations
    APN
    072W30BB02300
    APU
    072W30BB02300

    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
    -122.983
    Latitude
    44.9368
    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
    $11,598
    $0.00
    $0.00
    $778,990
    -
    $356,180
    $422,810
    $778,990

    Comparable in this City

    • Value Estimation by Request
      1,161 SF

      2599 Market NE St

      SERVICE STATION (FULL SERVICE) • 1,161 SF
      2599 Market NE St, Salem, OR 97301-1580
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    • Value Estimation by Request
      4,800 SF

      4035 Cypress NE St

      SERVICE STATION (FULL SERVICE) • 4,800 SF
      4035 Cypress NE St, Salem, OR 97301-1955
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    • Value Estimation by Request
      728 SF

      1190 Salem Industrial NE Dr

      SERVICE STATION (FULL SERVICE) • 728 SF
      1190 Salem Industrial NE Dr, Salem, OR 97301
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    • Value Estimation by Request
      600 SF

      3502 Portland NE Rd

      SERVICE STATION (FULL SERVICE) • 600 SF
      3502 Portland NE Rd, Salem, OR 97301-0308
      View Details
    • Value Estimation by Request
      1,249 SF

      1720 State St

      SERVICE STATION WITH FOOD MART • 1,249 SF
      1720 State St, Salem, OR 97301-4341
      View Details
    • Value Estimation by Request
      128 SF

      1750 Fwy NE Ct

      SERVICE STATION (FULL SERVICE) • 128 SF
      1750 Fwy NE Ct, Salem, OR 97301-8745
      View Details

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    Similar Nearby for Lease

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      Gated parking lot featuring four grade doors and alley access.
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    • $9 SF/Yr
      10,454 SF

      Downtown Salem Retail Opportunity

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    • $1.70 SF/Yr
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      Historic Retail Space for Rent

      Unique retail spaces in a vibrant, historic Salem center.
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    • $1.25 SF/Yr
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      Retail space for lease featuring shared restroom and client access.
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      View Details
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    Salem, OR 97301-4731
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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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