Financial
Distress signals
Property profile

5 Gedney St Salem, MA 01970

OFF-MARKET
Retail space
Property ID
US38-1310764
2,689 SF 0.14 ac lot Built 1932
Last sale Jul 2023 · $800,000
Individually Owned Owner of record is an individual. 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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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?
$15k
Tax billed · 2024
Assessed value$622k
Assessed land$370k
Assessed improvement$252k
Effective rate2.37%

Value estimate

· Sep 2026
$910k
$819k – $1.00M
AI approach$860k
CAP approach$680k
Sales comparison$821k

Realmo valuation models over county records and 20 qualifying comparable sales.

Recently sold

What actually traded nearby?
$222/SF
County average, outlier-cleaned · 252 recorded sales of this use type
Observed band · Q1–Q3$138 – $329
Qualifying comparables20

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B5
Applicability to Central Business (B5) Zoning District: For projects in the Central Business (B5) District, this Section 8.9 shall be app...
General categoryUNKNOWN
JurisdictionSALEM

Location intelligence

Which uses thrive at this corner?
Best fit: Locksmith
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Locksmith9.7
Assisted Living Facility9.1
Butcher8.5

Location

5 Gedney St Salem, MA 01970-3305
County assessor Recorded deeds · 3 transfers 20 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 · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
40 Boston, Salem, MA 01970-2146 $450,000 Dec 2025 2,000 SF
133 Highland, Salem, MA 01970-2774 $575,884 Oct 2024 2,646 SF
6 Paradise, Salem, MA 01970-4230 $2,300,000 Feb 2024 2,868 SF
141 Canal, Salem, MA 01970-4648 $300,000 Jun 2023 2,350 SF
4 Paradise, Salem, MA 01970-4230 $1,800,000 Jan 2023 2,787 SF
26 Hersey, Salem, MA 01970-4519 $450,000 Aug 2022 2,800 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
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