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Property profile & analytics
OFF-MARKET
Super regional malls
111 Lafayette Rd, Salisbury, MA 01952-1514
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US38-2389869
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1989
Construction
CONCRETE
Total area
6,000 SF
Lot
3 ac (130,680 SF)
Zoning code
LM
APN
SALI M:18 P: 42
UPID
US38-2389869
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
Christopher&portia LLC · 10 yrs held
Christopher&portia LLC
since 2016
7 recorded transactions
Zoning & alternative use
LM · Salisbury, 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 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
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
$10,283
Tax year 2024
Assessed value
$984,000
Assessed 2024
Previous assessed
$984,000
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$343,300
Assessed improvement
$640,700
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1989
Construction
CONCRETE
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Bathrooms
9
Total area
6,000 SF
Lot
3 ac (130,680 SF)
Zoning code
LM
APN
SALI M:18 P: 42
UPID
US38-2389869
Jurisdiction
SALISBURY
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
LM · Salisbury, MA
Zoning LM · permitted uses
LM · 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.
Building & site characteristics
From public records
Year built
1989
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Bathrooms
9
Lot
3 ac
Current owner
From public records · entity-resolved
Christopher&portia LLC
Entity
Mailing address
PO BOX 324, BOXFORD, MA 01921-0324
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2016
$855,000
Christopher&portia LLC
111 Lafayette Road LLC
Quit Claim Arm's Length For Ne States
$641,250 · East Boston Savings Bank
Jan 13, 2014
$775,000
111 Lafayette Road LLC
Haginicolas,steven
Quit Claim Deed
$155,000 · Steven Haginicolas
Jun 25, 2007
—
Steven Haginicolas
—
Deed Of Trust
related
$510,000 · Greenpoint Mortgage Funding
Aug 5, 2003
$640,000
Steven Haginicolas
Skaleris,mikos
Grant Deed
$354,960 · Equity One INC
Aug 5, 2003
—
Steven Haginicolas
—
Deed Of Trust
related
$125,000 · Mikos Skaleris
May 30, 2003
—
Mikos Skaleris
Skaleris,helen A & Mikos
Quit Claim Deed
related
—
Jul 31, 1991
—
Mikos Skaleris
—
Deed Of Trust
related
$525,000 · National Bank Greece
Aug 4, 1989
—
Mikos Skaleris
—
Deed Of Trust
related
$525,000 · Natl Bk Greece
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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