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    Property profile & analytics

    121 Essex St, Unit 1 Salem, MA 01970-3706

    • Commercial real estate
    • 2,507 SF
    • 0.07 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Oct 07, 2022
    $750,000
    Location Intelligence
    Property ID
    US38-1766772
    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

    • Olde Main Street Pub / Restaurant / Irish Restaurant

    Property Details for 121 Essex St

    Year built
    1920
    Construction
    FRAME
    Lot size
    0.07 lot acres
    Property size
    2,507 SF
    Zone code
    B5
    Property type
    Commercial real estate
    APN
    SALE M:35 L:0224 S:801
    APU
    SALEM35L0224S801

    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
    -70.8907
    Latitude
    42.5223
    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
    $11,869
    $0.00
    $501,000
    $501,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      40,000 SF

      392 Highland Ave

      SHOW ROOM, WAREHOUSE • 40,000 SF
      392 Highland Ave, Salem, MA 01970-1745
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    • Value Estimation by Request
      59,005 SF

      223 Derby St, Unit 223-31

      COMMERCIAL CONDOMINUIM • 59,005 SF
      223 Derby St, Salem, MA 01970-5127
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    • Value Estimation by Request
      48,587 SF

      Paradise Rd. & Vinnin St

      Retail properties • 48,587 SF
      0 Paradise Rd. & Vinnin St, Swampscott, MA 01970
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    • Value Estimation by Request

      99 Margin St

      SHOW ROOM, WAREHOUSE
      99 Margin St, Salem, MA 01970
      View Details
    • Value Estimation
      $295,000
      2,418 SF

      8 Proctor St

      SHOW ROOM, WAREHOUSE • 2,418 SF
      8 Proctor St, Salem, MA 01970-2115
      View Details
    • Value Estimation
      $635,000
      2,163 SF

      71 Lafayette St, Unit C4

      COMMERCIAL CONDOMINUIM • 2,163 SF
      71 Lafayette St, Salem, MA 01970-7508
      View Details

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    Similar Nearby for Lease

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      Attractive 2,363 sqft office suite in downtown Salem available now.
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      Highly visible 9,831 sq ft commercial space on Highland Ave.
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    121 Essex St, Unit 1
    Salem, MA 01970-3706
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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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