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    Property profile & analytics

    133 Highland Ave Salem, MA 01970-2774

    • Showrooms
    • 2,646 SF
    • 0.26 lot acres
    OFF-MARKET
    Value Estimation
    $560,000
    Last Sale
    Oct 01, 2024
    $575,884
    Location Intelligence
    Property ID
    US38-1687405
    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

    • Bay State Physical Therapy / Physical Therapy Clinic
    • Kate Paulhus / Physical Therapy Clinic
    • Keri Donovan / Physical Therapist / Practitioner Service Location
    • Kaila Wilson / Physical Therapist
    • Rosemary Koch / Physical Therapist

    Property Details for 133 Highland Ave

    Year built
    1915
    Construction
    FRAME
    Lot size
    0.26 lot acres
    Property size
    2,646 SF
    Zone code
    RC
    Property type
    Showrooms
    APN
    SALE M:14 L:0209
    APU
    SALEM14L0209

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $575,000

    • CAP approach

      CAP return
      Estimation
      6%
      $550,000
      6.5%
      $525,000
      7%
      $530,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $585,000
      Geo Method
      $505,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $570,000
      Retail
      $445,000
      Mixed-Use
      $585,000
      Hospitality
      $475,000
      Educational
      $480,000
      Residential Income
      $425,000
      Energy
      $425,000
      Income-Based Land
      $435,000
      Food Service
      $505,000

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.9117
    Latitude
    42.5085
    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
    $13,380
    $357,800
    $207,000
    $564,800
    -
    $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
      View Details
    • 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
      $760,000
      43,920 SF

      293 Brg St

      SHOW ROOM, WAREHOUSE • 43,920 SF
      293 Brg St, Salem, MA 01970
      View Details
    • Value Estimation
      $520,000
      11,202 SF

      77 Brg St

      SHOW ROOM, WAREHOUSE • 11,202 SF
      77 Brg St, Salem, MA 01970-4130
      View Details
    • Value Estimation
      $280,000
      2,788 SF

      97 Canal St

      SHOW ROOM, WAREHOUSE • 2,788 SF
      97 Canal St, Salem, MA 01970-4839
      View Details

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      Prime Salem location, versatile space, high pedestrian traffic.
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    Similar Nearby for Lease

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      Visible Commercial Space on Highland

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      Fully furnished salon space with photography set available for rent.
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      Retail Space on Route 107

      Retail space available now at a busy intersection.
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      Established flex space suitable for retail or office use.
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    133 Highland Ave
    Salem, MA 01970-2774
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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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