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Property profile & analytics
OFF-MARKET
Estimated value
$1,970,000
Commercial land
1 Salem St, Malden, MA 02148-5229
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US38-2014781
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1900
Construction
STEEL FRAME
Total area
14,148 SF
Lot
0.14 ac (6,142 SF)
Zoning code
CB
APN
MALD M:075 B:272 L:209
UPID
US38-2014781
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
BOOSKI Construction Company General Contractor
-
Malden Teen Enrichment Center Tutoring Service Training Center
-
Womens Sober Living & Recovery House Medical Clinic
-
Ready Porta Potty Rental Building Supply
-
Gama Real Estate Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.97M
Owner & transaction history
Alpha Business Center LLC · 8 yrs held
Alpha Business Center LLC
since 2017
5 recorded transactions
Zoning & alternative use
CB · Malden, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$3.3M
+5.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Malden submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Malden submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,100,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,260,000
Change: +5% · Conversion: Moderate
OFFICE BUILDING
$3,095,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$1.97M
Range $1.77M – $2.17M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$139 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$11,717
Tax year 2024
Assessed value
$643,800
Assessed 2024
Previous assessed
$643,800
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$643,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1900
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
3
Bathrooms
9
Total area
14,148 SF
Lot
0.14 ac (6,142 SF)
Zoning code
CB
APN
MALD M:075 B:272 L:209
UPID
US38-2014781
Jurisdiction
MALDEN
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
CB · Malden, MA
Zoning CB · permitted uses
CB · Malden, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Malden. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.3M
OFFICE BUILDING
Est. value
$3.1M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1900
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
3
Bathrooms
9
Lot
0.14 ac
Current owner
From public records · entity-resolved
Alpha Business Center LLC
Entity
Mailing address
32 SUFFOLK ST, CAMBRIDGE, MA 02139-2713
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2017
$2,550,000
Alpha Business Center LLC
Gama Realty Holdings LLC
Quit Claim Deed
$1,785,000 · Cambridge Tr
Oct 21, 2004
$1,500,000
Gama Rlty Hldgs LLC
Platypus Salem St LLC
Grant Deed
$1,200,000 · Fleet National Bank
Mar 16, 1999
$415,000
Platypus Salem St LLC
One Salem T
Grant Deed
$500,000 · Zuckerman Family Nomi
Jan 15, 1987
—
One Salem RT
—
Deed Of Trust
related
$600,000 · Savings Bank
—
—
Gama Realty Holdings LLC
—
Deed Of Trust
related
$830,000 · Bank Of New England
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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