Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1 Salem St Medford, MA 02155-3205

    • Office buildings
    • 7,151 SF
    • 0.07 lot acres
    OFF-MARKET
    Last Sale
    Nov 03, 2023
    $1,900,000
    Value Estimations
    $1,835,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0571810
    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

    • Century Bank / Bank / Loan Service
    • ATM / Atm
    • Metro Credit Union - Medford / Credit Union
    • Mighty Plumbing / Plumbing Service / General Contractor

    Property Details for 1 Salem St

    Year built
    1900
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.07 lot acres
    Property size
    7,151 SF
    Property type
    Office buildings
    APN
    MEDF M:M-09 B:0001
    APU
    MEDFMM09B0001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,760,000
      ML approach
      $1,790,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,615,000
      Current use
      RESTAURANT
      $2,075,000
      Change: +29% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $2,015,000
      Change: +25% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,980,000
      Change: +23% Conversion: Difficult
      RETAIL STORES
      $1,930,000
      Change: +20% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $1,770,000
      Change: +10% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $1,650,000
      Change: +2% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Medford
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.109
    Latitude
    42.4182
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH 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
    2024
    $26,551
    $577,700
    $1,040,300
    $1,618,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $7,360,000
      26,968 SF

      222 Boston Ave

      OFFICE BUILDING • 26,968 SF
      222 Boston Ave, Medford, MA 02155-4248
      View Details
    • Value Estimation
      $1,240,000
      4,216 SF

      6 Riv St

      OFFICE BUILDING • 4,216 SF
      6 Riv St, Medford, MA 02155-4714
      View Details
    • Value Estimation
      $725,000
      2,228 SF

      402 Salem St

      OFFICE BUILDING • 2,228 SF
      402 Salem St, Medford, MA 02155-3309
      View Details
    • Value Estimation by Request
      2,308 SF

      9 Jerome St

      OFFICE BUILDING • 2,308 SF
      9 Jerome St, Medford, MA 02155-6772
      View Details
    • Value Estimation
      $2,890,000
      10,400 SF

      415 Mystic Ave

      OFFICE BUILDING • 10,400 SF
      415 Mystic Ave, Medford, MA 02155-6339
      View Details
    • Value Estimation
      $995,000
      12,810 SF

      66 High St

      OFFICE BUILDING • 12,810 SF
      66 High St, Medford, MA 02155-3813
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      308 SF

      Class A Office Building Medford

      Four-story office building with recent amenity upgrades.
      1 Cabot Rd, Medford, MA 02155
      View Details
    • $499,999
      1,487 SF

      Medford Square Professional Office Condo

      Professional office condo in Medford Square with deeded parking.
      92 High St, Medford, MA 02155
      View Details
    • Contact for pricing
      1,008 SF

      Medical Office Condo Near Medford

      1,008 SF medical office condo near Medford Square.
      101 Main St, Medford, MA 02155
      View Details
    • $1,188,000

      Renovated Two-Family Home with Yard

      Newly renovated two-family home near Green Line and Tufts University.
      12 Wellesley St, Medford, MA 02155
      View Details
    • $3,995,000
      0.18 Acres

      Medford Main Street Commercial Property

      High-traffic location, redevelopment potential.
      393 Main St, Medford, MA 02155
      View Details
    • $1,599,000
      2,613 SF

      Medford Multifamily with Development Potential

      Rare opportunity near Tufts, MBTA, and major routes.
      6 West St, Medford, MA 02155
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Medford Office Building for Rent

      Three-story red brick office building in Wellington Business Park.
      10 Cabot Rd, Medford, MA 02155
      View Details
    • $4,800 /Mo

      Medford Office Space For Rent

      Well-kept 2800 SF office space available on Main Street.
      153 Main St, Medford, MA 02155
      View Details
    • $1,700 /Mo
      500 SF

      Medford Square Office Space Available

      Spacious, sunny 500 sq ft office in Medford Square.
      11 Salem St, Medford, MA 02155
      View Details
    • Contact for pricing

      Office Sublet Near Wellington Station

      2,788 SF office sublet with on-site MBTA access.
      50 Station Lndg, Medford, MA 02155
      View Details
    • $1,750 /Mo

      Loft Office Space in Medford

      Loft office space in the heart of Medford Square.
      92 High St, Medford, MA 02155
      View Details
    • Contact for pricing
      2,500 SF

      Office Space in Medford, MA

      Office space available for rent in Medford, Massachusetts.
      20 Cabot Rd, Medford, MA 02155
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1 Salem St
    Medford, MA 02155-3205
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.