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Property profile & analytics
OFF-MARKET
Estimated value
$7,290,000
Investment properties
136 Canal St, Salem, MA 01970-4999
Entity Owned
7-yr Hold
Free & Clear
Property ID
US38-1569951
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2019
Construction
STEEL FRAME
Total area
26,922 SF
Lot
0.77 ac (33,476 SF)
Zoning code
I
APN
SALE M:33 L:0008
UPID
US38-1569951
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
-
Jackson Hewitt Tax Service Accounting Firm Tax Preparation
-
The PT Zone: Sports Physical Therapy and Wellness Medical Clinic
-
J Willern Carpet Installs General Contractor Carpet & Flooring Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.39M
Comparable Approach
Comparable
$8.72M
Blend (final)
Blend
$7.29M
Owner & transaction history
Canal Realty Dev · 7 yrs held
Canal Realty Dev
since 2019
5 recorded transactions
Zoning & alternative use
I · Salem, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.3M
+24.8%
Apartment house (5+ units)
$8.6M
+15.6%
Office building
$7.7M
+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%
$9,085,000
6.5%
$8,385,000
7%
$7,790,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,450,000
Current use
RESTAURANT
$9,290,000
Change: +25% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$8,610,000
Change: +16% · Conversion: Moderate
OFFICE BUILDING
$7,725,000
Change: +4% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,450,000
Change: -13% · Conversion: Difficult
RETAIL STORES
$5,985,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$7.29M
Range $6.56M – $8.02M · ±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
$271 / 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 2018Property tax & assessments
Tax year 2018
Tax billed
$23,284
Tax year 2018
Assessed value
$5,514,700
Assessed 2024
Previous assessed
$5,514,700
+0.0% YoY
Effective rate
0.42%
On assessed value
Assessed land
$1,606,000
Assessed improvement
$3,908,700
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
2019
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
22
Rooms
66
Bathrooms
32
Total area
26,922 SF
Lot
0.77 ac (33,476 SF)
Zoning code
I
APN
SALE M:33 L:0008
UPID
US38-1569951
Jurisdiction
SALEM
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
I · Salem, MA
Zoning I · permitted uses
I · 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
$7.5M
RESTAURANT
Est. value
$9.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.6M
OFFICE BUILDING
Est. value
$7.7M
AUTO REPAIR, GARAGE
Est. value
$6.5M
RETAIL STORES
Est. value
$6.0M
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
2019
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
22
Rooms
66
Bathrooms
32
Lot
0.77 ac
Current owner
From public records · entity-resolved
Canal Realty Dev
Entity
Free & Clear · 7 yrs held
Mailing address
50 DODGE ST, BEVERLY, MA 01915-1711
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
Jun 1, 2022
—
Canal Realty Dev LLC
—
Deed
related
$19,760,000 · Salem Five Cents Savings Bank
Dec 23, 2019
—
Canal Realty Dev LLC
—
Grant Deed
related
$11,925,000 · Salem Five Cents Svgs Bk
Feb 5, 2019
—
Canal Realty Dev
Canal Street Warehouse
Quit Claim Deed
related
—
Sep 13, 2017
$1,600,000
Canal Street Warehouse
134 Canal Street Nomi Trust
Quit Claim Deed
—
Jan 21, 2004
$1
Snakebite Realty LLC
134 Canal Street Rlty LLC
Grant Deed
related
—
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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