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Property profile & analytics
OFF-MARKET
Turn key restaurants
100 Boston St, Salem, MA 01970-1402
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US38-0417359
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1951
Construction
STEEL FRAME
Total area
2,342 SF
Lot
0.39 ac (16,788 SF)
Zoning code
R2
APN
SALE M:16 L:0146
UPID
US38-0417359
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
H & M Proeprties LLC · 8 yrs held
H & M Proeprties LLC
since 2018
7 recorded transactions
Zoning & alternative use
R2 · Salem, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Salem submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salem 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$15,446
Tax year 2024
Assessed value
$652,000
Assessed 2024
Previous assessed
$652,000
+0.0% YoY
Effective rate
2.37%
On assessed value
Assessed land
$421,900
Assessed improvement
$230,100
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1951
Construction
STEEL FRAME
Heating
HOT WATER
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
2,342 SF
Lot
0.39 ac (16,788 SF)
Zoning code
R2
APN
SALE M:16 L:0146
UPID
US38-0417359
Jurisdiction
SALEM
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
R2 · Salem, MA
Zoning R2 · permitted uses
R2 · Salem, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Salem. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1951
Construction
STEEL FRAME
Heating
HOT WATER
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
0.39 ac
Current owner
From public records · entity-resolved
H & M Proeprties LLC
Entity
Mailing address
6 PETER RD, SALEM, MA 01970-4232
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2018
$650,000
H & M Proeprties LLC
Katis G & M Trust
Quit Claim Deed
—
May 25, 2004
$1
G RT
Katis,george H
Grant Deed
related
—
Jan 30, 2004
$270,000
George H Katis
Manganiello,carmine A Tr
Grant Deed
$270,000 · Salem Five Cents Savings Bank
Apr 11, 2001
—
Boston Salem T 100-102
—
Deed Of Trust
related
$130,000 · Netn Ma Economic Dev
Oct 19, 2000
—
100-102 Boston St. RT
—
Deed Of Trust
related
$124,000 · North Shore Bank
Oct 19, 2000
$210,000
100-102 Boston St. RT
100-102 Boston St RT
Grant Deed
related
$155,000 · North Shore Bank
Jan 30, 1989
$325,000
101-102 Boston St. RT
Fort Sq RT
Grant Deed
—
Jan 30, 1989
—
John Makrakis
—
Deed Of Trust
related
$225,000 · Century No Shore B&t
Apr 21, 1987
$262,000
Fort Square RT
Lobrida RT
Grant Deed
—
Apr 21, 1987
—
Fort Square RT
—
Deed Of Trust
related
$260,000 · Winthrop Savings Bank
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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