Mixed-Use Property with Commercial
For Sale
$849,900
57 Elm St, Salisbury, MA 01952
Residential and commercial improvements combine on a level parcel within Salisbury’s Commercial District.
Property Size3,100 SF
Lot Size0.81 Acres
Days on Market8
Property Features for 57 Elm St
General Information
Standard status
Active
Size
3,100 SF
Total Parking Spaces
1
Lot size
0.81 Acres
Property subtype
Commercial
Zoning
Commercial District
Property Condition
Severity
Repairs Needed
Evidence
needs some updating
Site & Location
Road Access
Yes
Fenced Yard
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$6,103
Amenities
finished lower level
central air conditioning
attached one-car garage
walkout basement
deck
above-ground pool
overhead garage doors
half bathroom
insulated interior
concrete floor
propane heat
private well water
municipal sewer
retention pond
Conex-style storage container
Building Details
Building Size
3,100 SF
Year Built
1950
Buildings
3
Listing Agency:
Aluxety
Listed By:
The Commercial Group
(978) 317-6139
Source:
Classifiedrealtygroup
Added: Sep 18
Last Checked: Sep 24 at 7:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Aluxety
Investment Insights
Based on property information with market context.
This mixed-use property pairs a two-bedroom ranch residence with two detached commercial garage buildings. The home includes a kitchen, dining room, living room, office, two bedrooms, a full bathroom, and a three-quarter bathroom serving the primary bedroom. Two finished lower-level rooms, a walkout basement, deck, fenced yard, above-ground pool, central air conditioning, and an attached one-car garage add to the existing improvements. The FHA system was installed in 2021.
The larger garage measures approximately 1,140 square feet and has an overhead door, half bathroom, insulated interior, concrete floor, and propane-fired radiant heat. It is used for an automotive electronics business. A second 720-square-foot building provides another overhead door, concrete flooring, and propane heat. The property is located along Route 110 in Salisbury’s Commercial District and is served by private well water and municipal sewer.
Additional site features include a retention pond, available drainage plans, and a Conex-style storage container. The property is approximately 0.81 acre, with buyer due diligence required for proposed uses, permitting, alterations, utilities, development potential, and applicable town approvals.
The larger garage measures approximately 1,140 square feet and has an overhead door, half bathroom, insulated interior, concrete floor, and propane-fired radiant heat. It is used for an automotive electronics business. A second 720-square-foot building provides another overhead door, concrete flooring, and propane heat. The property is located along Route 110 in Salisbury’s Commercial District and is served by private well water and municipal sewer.
Additional site features include a retention pond, available drainage plans, and a Conex-style storage container. The property is approximately 0.81 acre, with buyer due diligence required for proposed uses, permitting, alterations, utilities, development potential, and applicable town approvals.
Key Highlights
- Two‑bedroom ranch residence with walkout basement, attached one‑car garage, deck, fenced backyard, and above‑ground pool
- Approximately 0.81 acre along Route 110 in Salisbury’s Commercial District
- Approximately 1,140‑square‑foot commercial garage with overhead door, half bathroom, insulation, and radiant heat
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$62,775
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,255,500
$1.3M
Cap Rate 7%
$896,786
$896.8K
Cap Rate 9%
$697,500
$697.5K
Market Conditions
NOI Build-Up for 3,100 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$111.6K $36.00/SF
− Vacancy
−$11.2K −$3.60/SF
EGI
$100.4K $32.40/SF
− OpEx
−$37.7K −$12.15/SF
NOI
$62.8K $20.25/SF
Area
Essex County, MA
Vacancy
10.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,255,500
Cap Rate 7%
$896,786
Cap Rate 9%
$697,500
Alternative Uses
Best Use
Mixed Use
$896.8K
$784.7K – $1.05M
NOI $62,775 @ 7.0% cap · market cap 7.39%
Second Best
Retail
$727.6K
$636.7K – $848.9K
NOI $50,934 @ 7.0% cap · market cap 5.99%
Theoretical Best
Office A
$1.84M
$1.61M – $2.14M
NOI $128,463 @ 7.0% cap · market cap 15.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
244
Businesses Nearby
9k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 83%
Shops & Services 17%
Dunkin' Donuts
Dining
7,727 visits/mo
0.5 miles
Gulf Oil
Shops & Services
1,566 visits/mo
0.5 miles
Demographics for 01952, MA
9,236
Population
4,981
Households
1.9
Avg Household Size
52
Median Age
44%
College-Educated
94%
High-School Grad
15.4 sq mi
ZIP Area
600
Density / Sq Mi
$102,521
Median Household Income
$54,344
Median Earnings
$1,646
Median Rent
$450,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Residential and commercial improvements combine on a level parcel within Salisbury’s Commercial District.
Where is this mixed-use property located?
The property is located at 57 Elm St Salisbury, MA.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Two‑bedroom ranch residence with walkout basement, attached one‑car garage, deck, fenced backyard, and above‑ground pool; Approximately 0.81 acre along Route 110 in Salisbury’s Commercial District; Approximately 1,140‑square‑foot commercial garage with overhead door, half bathroom, insulation, and radiant heat
