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    Property profile & analytics

    116 Nn St Salem, MA 01970-2558

    • Investment properties
    • 0.23 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jul 15, 2022
    Location Intelligence
    Property ID
    US38-0866385
    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

    • Essex Vacuum Inc. / Screen Repair Service / Sewing Machine Repair Service
    • Beautiful Nails / Nail Salon
    • Margarita's Bridal / Clothing Alteration Service / Sewing Shop
    • North Street Tattoo / Tattoo Shop
    • Zachary Garage Door Repair / Garage Door Supplier

    Property Details for 116 Nn St

    Lot size
    0.23 lot acres
    Zone code
    B1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    SALE M:26 L:0399
    APU
    SALEM26L0399

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.9009
    Latitude
    42.5269
    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
    $0.00
    $432,700
    $571,500
    $1,004,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.09 Acres

      107 Boston St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.09 Acres
      107 Boston St, Salem, MA 01970-1463
      View Details
    • Value Estimation by Request
      5,642 SF

      412 Essex St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,642 SF
      412 Essex St, Salem, MA 01970-6476
      View Details
    • Value Estimation by Request
      66,352 SF

      135 Lafayette St

      OFFICE/RESIDENTIAL (MIXED USE) • 66,352 SF
      135 Lafayette St, Salem, MA 01970-4896
      View Details
    • Value Estimation by Request
      20,000 SF

      108 Lafayette St, Unit 122

      OFFICE/RESIDENTIAL (MIXED USE) • 20,000 SF
      108 Lafayette St, Salem, MA 01970-3625
      View Details
    • Value Estimation by Request
      26,922 SF

      136 Canal St

      OFFICE/RESIDENTIAL (MIXED USE) • 26,922 SF
      136 Canal St, Salem, MA 01970-4999
      View Details
    • Value Estimation by Request
      4,290 SF

      214 Derby St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,290 SF
      214 Derby St, Salem, MA 01970-5170
      View Details

    Similar Nearby for Sale

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      Landmark Mixed-Use Building For Sale

      Fully leased investment property near downtown and train station.
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    • $699,000
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      Mixed-Use Building in Salem Market

      Mixed-use commercial building with high traffic location near Salem Station.
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      Salem Three-Family Investment Opportunity

      Three-unit property near Salem State University and downtown.
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      Downtown Salem Office Condo

      First floor office condo in downtown Salem for sale.
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      Renovated Salem Triplex Near Downtown

      Turn-key, renovated triplex near downtown Salem and the beach.
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    Similar Nearby for Lease

    • $27 SF/Yr
      1,106 SF

      Salem Train Station Storefront

      Freestanding Commercial Space, High Traffic
      280 Bridge St, Salem, MA 01970
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    • $19 SF/Yr
      2,363 SF

      Downtown Salem Office Suite For Lease

      Attractive 2,363 sqft office suite in downtown Salem available now.
      262 Essex St, Salem, MA 01970
      View Details
    • Contact for pricing

      Retail Space on Route 107

      Retail space available now at a busy intersection.
      Salem, MA 01970
      View Details
    • $2,200 /Mo

      Luxury Salon Space in Salem

      Fully furnished salon space with photography set available for rent.
      107 North St, Salem, MA 01970
      View Details
    • $18 SF/Yr
      9,831 SF

      Visible Commercial Space on Highland

      Highly visible 9,831 sq ft commercial space on Highland Ave.
      207 Highland Ave, Salem, MA 01970
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    • $18 SF/Yr

      Waterfront Business Center Office Space

      Premier waterfront business center with ocean views near historic district.
      47 Congress St, Salem, MA 01970
      View Details
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    116 Nn St
    Salem, MA 01970-2558
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    Realmo Value Estimation

    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.

    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.

    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
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