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    Property profile & analytics

    12 Franklin St Salem, MA 01970-2504

    • Commercial land
    • 0.97 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US38-1107713
    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

    • Commercial land

    Property Details for 12 Franklin St

    Lot size
    0.97 lot acres
    Zone code
    B5
    Property type
    Commercial land
    APN
    SALE M:26 L:0404
    APU
    SALEM26L0404

    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
    -70.8984
    Latitude
    42.526
    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
    $17,187
    $725,500
    $0.00
    $725,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2.43 Acres

      329 Highland Ave

      VACANT COMMERCIAL LAND • 2.43 Acres
      329 Highland Ave, Salem, MA 01970-1738
      View Details
    • Value Estimation by Request
      0.13 Acres

      479 Highland Ave

      VACANT COMMERCIAL LAND • 0.13 Acres
      479 Highland Ave, Salem, MA 01970
      View Details
    • Value Estimation by Request
      0.29 Acres

      301 Highland Ave

      VACANT COMMERCIAL LAND • 0.29 Acres
      301 Highland Ave, Salem, MA 01970-1831
      View Details
    • Value Estimation by Request
      0.43 Acres

      23 Congress St

      VACANT COMMERCIAL LAND • 3,830 SF
      23 Congress St, Salem, MA 01970-5125
      View Details
    • Value Estimation by Request
      1.70 Acres

      358 Highland Ave

      VACANT COMMERCIAL LAND • 1,560 SF
      358 Highland Ave, Salem, MA 01970-1744
      View Details
    • Value Estimation by Request
      0.37 Acres

      2 Vinnin St

      VACANT COMMERCIAL LAND • 0.37 Acres
      2 Vinnin St, Salem, MA 01970
      View Details

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    • Contact for pricing

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      384,000 SF

      Salem Office Space Available

      Office space for sale in Salem, Massachusetts, available immediately.
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      Well-Maintained Two-Family Home

      Spacious, updated two-family home perfect for owner-occupancy.
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    Similar Nearby for Lease

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      Freestanding Commercial Space, High Traffic
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      Attractive 2,363 sqft office suite in downtown Salem available now.
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      Retail Space on Route 107

      Retail space available now at a busy intersection.
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      Luxury Salon Space in Salem

      Fully furnished salon space with photography set available for rent.
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    • $18 SF/Yr
      9,831 SF

      Visible Commercial Space on Highland

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

      Waterfront Business Center Office Space

      Premier waterfront business center with ocean views near historic district.
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    12 Franklin St
    Salem, MA 01970-2504
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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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