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    Property profile & analytics

    127 Broadway Salem, NJ 08079-1323

    • Commercial real estate
    • 0.33 lot acres
    OFF-MARKET
    Value Estimation
    $480,000
    Last Sale
    Mar 30, 2023
    $475,000
    Location Intelligence
    Property ID
    US59-1804584
    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

    • Beavers Patricia E Public Acct / Tax Preparation Service

    Property Details for 127 Broadway

    Year built
    1980
    Lot size
    0.33 lot acres
    Property type
    Commercial real estate
    APN
    13 00059-0000-00002
    APU
    1300059000000002

    Description

    This exceptional executive office suite, located at 127 W Broadway in Salem, New Jersey, presents a unique investment opportunity. The property boasts a generous 1,670 square feet of space, ideally suited for a variety of professional uses. Situated on a sizable 0.328-acre lot, the single-story building is zoned C-1, offering flexibility for potential business expansion or adaptation. The address, 127 W Broadway, places the property in a convenient and accessible location within Salem. The property's size and zoning provide ample opportunity for a range of businesses. Detailed information regarding the building's internal layout and features is available upon request. This is an excellent chance to acquire a well-situated commercial property in a thriving New Jersey community. The property's location in Salem County, New Jersey, offers easy access to major transportation routes, making it an attractive option for businesses seeking convenient commutes for employees and clients. The 08079 zip code further highlights its strategic placement within the Salem area. Serious inquiries are encouraged to explore the full potential of this promising commercial real estate offering. Further details are available for qualified buyers.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $500,000

    • CAP approach

      CAP return
      Estimation
      6%
      $435,000
      6.5%
      $425,000
      7%
      $420,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $415,000
      Geo Method
      $420,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $385,000
      Retail
      $460,000
      Mixed-Use
      $375,000
      Hospitality
      $420,000
      Educational
      $360,000
      Residential Income
      $485,000
      Energy
      $385,000
      Income-Based Land
      $405,000
      Food Service
      $415,000

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Salem
    State
    New Jersey
    Longitude
    -75.4694
    Latitude
    39.572
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD 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
    2022
    $10,832
    $65,600
    $78,500
    $144,100
    -
    $65,600
    $78,500
    $144,100

    Comparable in this City

    • Value Estimation by Request

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      90.00 Acres

      126 Sunset Dr

      Land • 90.00 Acres
      126 Sunset Dr, Salem, NJ 08079
      View Details

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    127 Broadway
    Salem, NJ 08079-1323
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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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