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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Commercial real estate
122 Rabbit Rd, Salisbury, MA 01952-1310
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-0856098
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1950
Construction
FRAME
Total area
4,347 SF
Lot
5.16 ac (224,656 SF)
Zoning code
I
APN
SALI M:18 P: 124
UPID
US38-0856098
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
$625k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$760k
Blend (final)
Blend
$625k
Owner & transaction history
Port Development LLC · 2 yrs held
Port Development LLC
since 2024
Last sale
$625,000
7 recorded transactions
Zoning & alternative use
I · Salisbury, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.0M
+37.3%
Retail stores
$965,000
+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
$625,000
ML approach
$625,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$760,000
Current use
AUTO REPAIR, GARAGE
$1,040,000
Change: +37% · Conversion: Difficult
RETAIL STORES
$965,000
Change: +27% · Conversion: Easy
WAREHOUSE, STORAGE
$610,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$625k
Range $563k – $688k · ±10% · vs last sale $625k (May 2 2024)
Last sale anchor
$625k
May 2 2024
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
$144 / 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
$6,056
Tax year 2024
Assessed value
$579,500
Assessed 2024
Previous assessed
$579,500
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$268,500
Assessed improvement
$311,000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1950
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
2
Bathrooms
2
Total area
4,347 SF
Lot
5.16 ac (224,656 SF)
Zoning code
I
APN
SALI M:18 P: 124
UPID
US38-0856098
Jurisdiction
SALISBURY
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
I · Salisbury, MA
Zoning I · permitted uses
I · 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
$760,000
AUTO REPAIR, GARAGE
Est. value
$1.0M
RETAIL STORES
Est. value
$965,000
WAREHOUSE, STORAGE
Est. value
$610,000
COMMERCIAL (GENERAL) Current
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
1950
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Bathrooms
2
Lot
5.16 ac
Current owner
From public records · entity-resolved
Port Development LLC
Entity
Mailing address
122 RABBIT RD, SALISBURY, MA 01952-1310
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2024
$625,000
Port Development LLC
Rabbit Road Nt
Quit Claim Arm's Length For Ne States
$2,250,000 · Acorn St Capital LLC
Jul 16, 2003
—
Rabbit One Twenty Two RT
—
Deed Of Trust
related
$335,000 · Newburyport Five Cent
Oct 31, 2001
—
Rabbit Road Nt
—
Deed Of Trust
related
$300,000 · First Essex Savings Bank
Oct 10, 2001
—
Rabbit RT
—
Deed Of Trust
related
$172,000 · Provident Savings Bank
Oct 28, 1999
$300,000
Rod Nt Rabbit
Madigan,kathleen M
Grant Deed
—
Dec 10, 1996
—
Kathleen M Madigan
—
Deed Of Trust
related
$30,000 · Citizens Bank Of Nh
Jun 6, 1989
—
Bruce Rines
—
Deed Of Trust
related
$10,000 · Zwi Kohorn
May 31, 1989
$130,000
Rabbit 122 RT
Barker,lawrence
Grant Deed
$85,000 · Newburyport Five Cent
Jan 27, 1988
—
Rabbit 120 Rlty Trust
—
Deed Of Trust
related
$425,000 · Shawmut Arlington Tr
Jul 1, 1987
—
Lawrence A Barker
—
Deed Of Trust
related
$75,000 · Baybank Middlesex
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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