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    Property profile & analytics

    Salem, OR 97305

    • Commercial land
    • 1.21 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US71-1436853
    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

    • Commercial land

    Property Details

    Lot size
    1.21 lot acres
    Zone code
    IG
    Property type
    Commercial land
    APN
    073W01A 01900
    APU
    073W01A01900

    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
    -122.995
    Latitude
    44.9942
    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
    $3,182
    $0.00
    $0.00
    $162,100
    -
    $197,410
    $0.00
    $197,410

    Comparable in this City

    • Value Estimation by Request
      0.68 Acres

      3540 Lancaster NE Dr

      VACANT COMMERCIAL LAND • 0.68 Acres
      3540 Lancaster NE Dr, Salem, OR 97305-1434
      View Details
    • Value Estimation by Request
      8.85 Acres

      3390 Blossom NE Dr

      VACANT COMMERCIAL LAND • 1,422 SF
      3390 Blossom NE Dr, Salem, OR 97305-1712
      View Details
    • Value Estimation by Request
      2.87 Acres

      Salem, OR 97305

      VACANT COMMERCIAL LAND • 2.87 Acres
      Salem, OR 97305
      View Details
    • Value Estimation by Request
      1.00 Acre

      Salem, OR 97305

      VACANT COMMERCIAL LAND • 1.00 Acre
      Salem, OR 97305
      View Details
    • Value Estimation by Request
      0.57 Acres

      4310 Silverton NE Rd

      VACANT COMMERCIAL LAND • 0.57 Acres
      4310 Silverton NE Rd, Salem, OR 97305-2058
      View Details
    • Value Estimation by Request
      0.46 Acres

      Salem, OR 97305

      VACANT COMMERCIAL LAND • 0.46 Acres
      Salem, OR 97305
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercial Land on Lancaster Drive

      High-exposure commercial/retail development lot on Lancaster Drive NE.
      3271 Lancaster Dr NE, Salem, OR 97305
      View Details
    • Contact for pricing

      Freestanding Office Building with Land

      Two-story office building with land in North Salem.
      Salem, OR 97305
      View Details
    • Contact for pricing
      1.39 Acres

      4707 Silverton Rd NE

      Land • 10,059 SF
      4707 Silverton Rd, Salem, OR 97305
      View Details
    • $177,000

      Luxury Apartments with Private Pools

      Sophisticated apartments with terraces and private swimming pools.
      3C3F M8 D-224, Salem, OR 97305
      View Details
    • $675,000
      4,192 SF

      Spacious Duplex on Large Lot

      Two well-maintained homes on a 0.58-acre lot, perfect for families.
      4455 Blueberry -4445 Ln NE, Salem, OR 97305
      View Details
    • $4,360,000
      37,870 SF

      Retail Property Near Interstate 5

      Retail property with value-add opportunity in North Salem.
      4746 Portland Rd NE, Salem, OR 97305
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,059 SF

      Prime Salem Office Building

      10,059 SF Office, 1.39 Acres
      4707 Silverton Rd, Salem, OR 97305
      View Details
    • $13 SF/Yr
      61,362 SF

      Lancaster Drive Commercial Property

      61,362 sq ft Office/Retail Space in Salem
      3190 Lancaster Dr, Salem, OR 97305
      View Details
    • $12 SF/Yr
      7,006 SF

      Prime Salem Executive Office Space

      7,006 SF Office Building, Suites Available
      4937 Indian School Rd, Salem, OR 97305
      View Details
    • $1.70 SF/Yr
      22,351 SF

      Prime Retail Space in Salem

      High-traffic retail space in SunnyLan Retail Center, Salem, OR.
      2118 Lancaster Dr Northeast, Salem, OR 97305
      View Details
    • $1.42 SF/Yr
      1,920 SF

      Retail Space in Salem, Oregon

      Retail space available with high traffic and good parking.
      1955 Lancaster Dr NE, Salem, OR 97305
      View Details
    • $1.83 SF/Yr
      3,010 SF

      Retail Space Available For Rent

      Retail space available for lease in Salem, Oregon.
      3815 Devonshire Ave NE, Salem, OR 97305
      View Details
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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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