922 Lancaster NE Dr, Unit 1128 Salem, OR 97301-2931
Property profile & analytics
922 Lancaster NE Dr, Unit 1128 Salem, OR 97301-2931
- Retail space
- 44,960 SF
- 4.71 lot acres
Property ID
US71-0996193
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.
Location Intelligence
Current Use by Public Records
- Taco Time / Restaurant
Property Details for 922 Lancaster NE Dr
- Year built
- 1979
- Lot size
- 4.71 lot acres
- Property size
- 44,960 SF
- Zone code
- CR
- Property type
- Retail space
- APN
- 072W19CD00200
- APU
- 072W19CD00200
Description
Academy Square, located at 922 Lancaster Dr NE in Salem, Oregon, presents a compelling opportunity for retail and office tenants. This single-story, 44,960 square foot Class B building, constructed in 1979, sits on a 4.71-acre lot and features 21 suites. Currently, 4,400 square feet of space is available, divisible into units as small as 1,560 square feet, with a maximum contiguous space of 4,400 square feet. The property boasts excellent visibility and parking ratios, enhanced by its strategic location directly across from Willamette Town Center, within Salem's most concentrated retail area on the Lancaster Drive corridor. The zoning is CR (Commercial Retail). The property's address is further identified by its cross street, D Street, and its Marion County APN is R23358. Tenant improvement funds are available for qualified tenants and lease terms. The building does not have elevators. This is an exceptional opportunity to establish or expand a business in a high-traffic, established retail center. The property is situated in the Lancaster Dr submarket and has a 97301 zip code.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $15,603,000
- AI Estimate
- $12,422,000
Market price range: $8.04M - $15.8MMarket price range: $3.40M - $14.7M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $11,075,000 Current use
- RESTAURANT
- $19,820,000 Change: +79% Conversion: Easy
- AUTO REPAIR, GARAGE
- $16,050,000 Change: +45% Conversion: Difficult
- MEDICAL BUILDING
- $15,195,000 Change: +37% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $12,725,000 Change: +15% Conversion: Easy
- OFFICE BUILDING
- $11,570,000 Change: +4% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Salem
- County
- Marion
- State
- Oregon
- Longitude
- -122.983
- Latitude
- 44.9434
- 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
$138,297
$0.00
$0.00
$7,046,310
-
$3,282,660
$5,647,410
$8,930,070
