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Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Investment properties
114 Elm St, Salisbury, MA 01952-1804
Entity Owned
7-yr Hold
Free & Clear
Property ID
US38-1866391
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1816
Construction
FRAME
Total area
3,929 SF
Lot
1.05 ac (45,803 SF)
Zoning code
C
APN
SALI M:17 P: 121
UPID
US38-1866391
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
$695k
Blend (final)
Blend
$705k
Owner & transaction history
C & R Realty LLC · 7 yrs held
C & R Realty LLC
since 2019
4 recorded transactions
Zoning & alternative use
C · Salisbury, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.0M
+47.3%
Auto repair, garage
$940,000
+37.3%
Retail stores
$875,000
+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)
$685,000
Current use
OFFICE BUILDING
$1,010,000
Change: +47% · Conversion: Easy
AUTO REPAIR, GARAGE
$940,000
Change: +37% · Conversion: Difficult
RETAIL STORES
$875,000
Change: +27% · Conversion: Easy
WAREHOUSE, STORAGE
$550,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$705k
Range $635k – $776k · ±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
$179 / 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
$5,542
Tax year 2024
Assessed value
$530,300
Assessed 2024
Previous assessed
$530,300
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$287,200
Assessed improvement
$243,100
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1816
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
3
Units
1
Rooms
7
Bathrooms
3
Total area
3,929 SF
Lot
1.05 ac (45,803 SF)
Zoning code
C
APN
SALI M:17 P: 121
UPID
US38-1866391
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
$685,000
OFFICE BUILDING
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$940,000
RETAIL STORES
Est. value
$875,000
WAREHOUSE, STORAGE
Est. value
$550,000
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
1816
Construction
FRAME
Heating
HOT WATER
Stories
3
Buildings
1
Units
1
Rooms
7
Bathrooms
3
Lot
1.05 ac
Current owner
From public records · entity-resolved
C & R Realty LLC
Entity
Free & Clear · 7 yrs held
Mailing address
110 ELM ST, SALISBURY, MA 01952-1804
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2023
—
C & R Realty LLC
—
Deed
related
$1,450,000 · Institution For Savings Newburyport
Jan 25, 2019
$521,000
C & R Realty LLC
Cohen Dorothy J
Quit Claim Deed
—
Feb 27, 2009
$1
Dorothy J Cohen Ret
Cohen,dorothy J
Grant Deed
—
Oct 31, 1995
—
Dorotny J Cohen
—
Deed Of Trust
related
$120,000 · Ocean National 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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