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Property profile & analytics
OFF-MARKET
Investment properties
120 Washington St, Salem, MA 01970-3545
Entity Owned
20-yr Hold
Absentee Owner
Property ID
US38-0546944
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Lot
0.55 ac (23,984 SF)
Zoning code
B5
APN
SALE M:35 L:0004
UPID
US38-0546944
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
Current use
Occupant on record · Public records
-
Progressive Accounting LLC Tax Preparation
-
Stonefield Engineering Engineering Consultant
-
Bridge Informatics Consultant
-
Truly Yours Co LLC Marketing & Advertising Event Planning
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
Peabody Block LLC · 20 yrs held
Peabody Block LLC
since 2006
7 recorded transactions
Zoning & alternative use
B5 · Salem, 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 Salem submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salem 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
Assessed value
$9,085,500
Assessed 2024
Previous assessed
$9,085,500
+0.0% YoY
Assessed land
$1,241,000
Assessed improvement
$7,844,500
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
Heating
NONE
Cooling
YES
Buildings
3
Units
20
Lot
0.55 ac (23,984 SF)
Zoning code
B5
APN
SALE M:35 L:0004
UPID
US38-0546944
Jurisdiction
SALEM
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
B5 · Salem, MA
Zoning B5 · permitted uses
B5 · Salem, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Salem. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Cooling
Yes
Buildings
3
Units
20
Lot
0.55 ac
Current owner
From public records · entity-resolved
Peabody Block LLC
Entity
Mailing address
17 IVALOO ST STE #100, SOMERVILLE, MA 02143-3658
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2023
—
Peabody Block LLC
—
Deed
related
$7,500,000 · Eastern Bank
Apr 17, 2018
—
Peabody Block LLC
—
Deed
related
$7,670,000 · Rockland Tr
Oct 30, 2013
—
Peabody Block LLC
—
Deed Of Trust
related
$6,750,000 · Rockland Trust Co
Apr 20, 2011
—
Peabody Block LLC
—
Deed Of Trust
related
$15,000,000 · Wells Fargo Mortgage
Mar 30, 2006
$7,750,000
Peabody Block LLC
Peabody Block RT
Grant Deed
related
$14,175,000 · Wachovia Mortgage Co
Jan 17, 2003
—
Peabody Block RT
—
Deed Of Trust
related
$400,000 · First Essex Bank
Feb 7, 2001
—
Peabody Block RT
—
Deed Of Trust
related
$1,800,000 · First Essex Savings Bank
Jun 21, 2000
—
Peabody Block RT
—
Deed Of Trust
related
$1,400,000 · First Essex Savings Bank
Jan 15, 1999
$810,000
Haim Weizmann
Lucas Properties LLC
Grant Deed
—
May 14, 1992
—
Autumn St. RT
—
Deed Of Trust
related
$100,000 · Redevelopment Auth Salem
Oct 1, 1991
—
Autumn St. RT
—
Deed Of Trust
related
$100,000 · Redevelopment Auth Salem
Jul 19, 1989
$850,000
Autumn St. RT
Capitol Bk Tr
Grant Deed
$650,000 · Capitol Bank & Trust
—
—
Peabody Block LLC
—
Deed Of Trust
related
$7,670,000 · Rockland Tr
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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