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Property profile & analytics
OFF-MARKET
Estimated value
$4,105,000
Investment properties
125 Washington St, Salem, MA 01970-3535
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US38-1736466
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1888
Construction
STEEL FRAME
Total area
13,575 SF
Lot
0.18 ac (7,980 SF)
Zoning code
B5
APN
SALE M:35 L:0255
UPID
US38-1736466
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
-
Ledger Restaurant Restaurant
-
Medical Research Charities Charitable Organization
-
Human & Civil Rights Organizations of America Charitable Organization Social Service Agency
-
Animal Welfare Fund Charitable Organization
-
Military and Civilians United for Peace Military Base
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.23M
Comparable Approach
Comparable
$5.24M
Blend (final)
Blend
$4.11M
Owner & transaction history
125 Washington St Re LLC · 6 yrs held
125 Washington St Re LLC
since 2019
5 recorded transactions
Zoning & alternative use
B5 · Salem, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.7M
+24.8%
Apartment house (5+ units)
$4.3M
+15.6%
Office building
$3.9M
+3.7%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,580,000
6.5%
$4,230,000
7%
$3,925,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,755,000
Current use
RESTAURANT
$4,685,000
Change: +25% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,340,000
Change: +16% · Conversion: Moderate
OFFICE BUILDING
$3,895,000
Change: +4% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,250,000
Change: -13% · Conversion: Difficult
RETAIL STORES
$3,020,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$4.11M
Range $3.69M – $4.52M · ±10%
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
$302 / 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 2017Property tax & assessments
Tax year 2017
Tax billed
$50,533
Tax year 2017
Assessed value
$3,310,500
Assessed 2024
Previous assessed
$3,310,500
+0.0% YoY
Effective rate
1.53%
On assessed value
Assessed land
$401,000
Assessed improvement
$2,909,500
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
Year built
1888
Construction
STEEL FRAME
Heating
STEAM
Cooling
YES
Buildings
1
Stories
2
Units
1
Rooms
4
Bathrooms
7
Total area
13,575 SF
Lot
0.18 ac (7,980 SF)
Zoning code
B5
APN
SALE M:35 L:0255
UPID
US38-1736466
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.8M
RESTAURANT
Est. value
$4.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.3M
OFFICE BUILDING
Est. value
$3.9M
AUTO REPAIR, GARAGE
Est. value
$3.3M
RETAIL STORES
Est. value
$3.0M
COMMERCIAL (GENERAL) Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1888
Construction
STEEL FRAME
Heating
STEAM
Cooling
Yes
Stories
2
Buildings
1
Units
1
Rooms
4
Bathrooms
7
Lot
0.18 ac
Current owner
From public records · entity-resolved
125 Washington St Re LLC
Entity
Mailing address
7 RANTOUL ST STE 100B, BEVERLY, MA 01915-4886
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 2021
—
125 Wa St Re LLC
—
Deed
related
$2,520,000 · Dedham Institution For Savings
Aug 15, 2019
$3,360,000
125 Washington St Re LLC
Olive Holdings RT
Quit Claim Arm's Length For Ne States
$2,520,000 · Cambridge Savings Bank
Nov 25, 2016
—
Olive Holdings RT
—
Deed
related
$1,400,000 · Salem Five Cents Savings Bank
Aug 1, 2011
$1,950,000
Olive Holdings RT
Area 2 Realty LLC
Grant Deed
$1,500,000 · Salem Five Cents Savings Bank
Jun 28, 2001
$1,650,000
Area 2 Rlty LLC
Eastern Bk
Grant Deed
$1,237,500 · Zenon Grzybowski
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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