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Property profile & analytics
OFF-MARKET
Estimated value
$960,000
Investment properties
106 Elm St, Salisbury, MA 01952-1804
Individually Owned
14-yr Hold
~
Est. High Equity
Property ID
US38-1428888
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2015
Construction
FRAME
Total area
4,921 SF
Lot
1.16 ac (50,490 SF)
Zoning code
C
APN
SALI M:17 P: 124
UPID
US38-1428888
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
$1.04M
Blend (final)
Blend
$960k
Owner & transaction history
Christopher Deluca · 14 yrs held
Christopher Deluca
since 2012
7 recorded transactions
Zoning & alternative use
C · Salisbury, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.3M
+47.3%
Auto repair, garage
$1.2M
+37.3%
Retail stores
$1.1M
+27.4%
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 Salisbury submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salisbury 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)
$860,000
Current use
OFFICE BUILDING
$1,265,000
Change: +47% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,180,000
Change: +37% · Conversion: Difficult
RETAIL STORES
$1,095,000
Change: +27% · Conversion: Easy
WAREHOUSE, STORAGE
$690,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$960k
Range $864k – $1.06M · ±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
$195 / 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
$8,320
Tax year 2024
Assessed value
$796,200
Assessed 2024
Previous assessed
$796,200
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$291,000
Assessed improvement
$505,200
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2015
Construction
FRAME
Heating
RADIANT
Cooling
YES
Buildings
1
Stories
2
Units
1
Rooms
4
Bathrooms
2
Total area
4,921 SF
Lot
1.16 ac (50,490 SF)
Zoning code
C
APN
SALI M:17 P: 124
UPID
US38-1428888
Jurisdiction
SALISBURY
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
C · Salisbury, MA
Zoning C · permitted uses
C · Salisbury, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Salisbury. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$860,000
OFFICE BUILDING
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$690,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
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
2015
Construction
FRAME
Heating
RADIANT
Cooling
Yes
Stories
2
Buildings
1
Units
1
Rooms
4
Bathrooms
2
Lot
1.16 ac
Current owner
From public records · entity-resolved
Christopher Deluca
Individual
Mailing address
106 ELM ST, SALISBURY, MA 01952-1804
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2026
—
Christopher Deluca
—
Deed
related
$500,000 · Institution For Savings Newburyport
Aug 3, 2022
—
Christopher Deluca
—
Deed
related
$925,000 · Institution For Savings Newburyport
Jul 19, 2019
—
Christopher Deluca
—
Deed
related
$790,000 · Newburyport Five Cents Savings Bank
Mar 26, 2012
$115,000
Christopher Deluca
Cwabs INC
Grant Deed
—
Oct 20, 2011
$208,550
Bank Of New York Mellon
Griffeth,gerald
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Dec 8, 2003
—
Gerold Griffeth
—
Deed Of Trust
related
$155,000 · Ameriquest Mortgage Corp
Aug 9, 2001
—
Gerold Griffeth
—
Deed Of Trust
related
$119,000 · Ameriquest Mortgage Corp
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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