Financial
Distress signals
Property profile

167 Boston St Salem, MA 01970

FOR LEASE
Office buildings
Property ID
US38-1885858
2,834 SF 0.16 ac lot Built 1900
Last sale Jan 2025 · $630,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

Commercial space located on Boston Street in Salem, Massachusetts, spanning approximately 3,000 square feet across two levels. The building provides visibility from the street and includes a bathroom on each floor. The interior layout is suitable for a range of professional and service uses, such as offices, trades, cosmetology, or a barber shop, with some build-out or improvements potentially required to meet a specific tenant’s needs. The space is configured under a triple net lease structure.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$12k
Tax billed · 2024
Assessed value$502k
Assessed land$303k
Assessed improvement$198k
Effective rate2.37%

Value estimate

· Sep 2026
$575k
$518k – $633k
AI approach$590k
NOI build-up
Gross scheduled income$137k
Vacancy & credit loss−$25k
Operating expenses−$28k
NOI · 2,090.48% cap applied$84k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$287/SF
ZIP average, outlier-cleaned · 32 recorded sales of this use type
Observed band · Q1–Q3$150 – $396
Qualifying comparables5

Cap rate analysis

How does the asset earn?
2,090.48%
$84k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
B2
The Intent of this To promote Business Highway Uses
General categoryCOMMERCIAL
JurisdictionSALEM

Location intelligence

Which uses thrive at this corner?
Best fit: Acupuncture
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Acupuncture10.2
Parking Facility9.9
Computer & Electronic Repair9.9

Location

167 Boston St Salem, MA 01970
County assessor Recorded deeds · 3 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
26 Lynde, Salem, MA 01970-3404 $700,000 Jan 2026 3,989 SF
193 Jefferson, Salem, MA 01970-2958 $675,000 Jun 2024 2,248 SF
560 Loring, Salem, MA 01970-4236 $650,000 Feb 2024 2,076 SF
165 Boston, Salem, MA 01970-1430 $425,000 Apr 2022 2,400 SF
564 Loring, Salem, MA 01970-4276 $500,000 Oct 2020 2,496 SF
291 Jefferson, Salem, MA 01970-2834 $320,000 May 2019 2,755 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message