New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,230,000
Investment properties
14 Broadway, Salisbury, MA 01952-2705
Entity Owned
4-yr Hold
Free & Clear
Property ID
US38-0505591
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1920
Construction
CONCRETE
Total area
5,082 SF
Lot
0.07 ac (2,980 SF)
Zoning code
BC
APN
SALI M:32 P: 382
UPID
US38-0505591
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
$1.19M
CAP Approach
CAP
$1.59M
Comparable Approach
Comparable
$1.29M
Blend (final)
Blend
$1.23M
Owner & transaction history
Footes 2 LLC · 4 yrs held
Footes 2 LLC
since 2022
Last sale
$1.3M
4 recorded transactions
Zoning & alternative use
BC · Salisbury, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.8M
+97.8%
Apartment house (5+ units)
$1.6M
+83.2%
Office building
$1.3M
+47.3%
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
$1,120,000
ML approach
$1,185,000
CAP Approach
CAP Return
Estimation
6%
$1,715,000
6.5%
$1,585,000
7%
$1,470,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$885,000
Current use
RESTAURANT
$1,755,000
Change: +98% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,625,000
Change: +83% · Conversion: Moderate
OFFICE BUILDING
$1,305,000
Change: +47% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,215,000
Change: +37% · Conversion: Difficult
RETAIL STORES
$1,130,000
Change: +27% · Conversion: Easy
INDUSTRIAL (GENERAL)
$830,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$1.23M
Range $1.11M – $1.35M · ±10% · vs last sale $1.30M (Jun 23 2022)
Last sale anchor
$1.30M
Jun 23 2022
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
$242 / 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
$10,506
Tax year 2024
Assessed value
$1,005,400
Assessed 2024
Previous assessed
$1,005,400
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$444,400
Assessed improvement
$561,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1920
Construction
CONCRETE
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
3
Units
2
Rooms
7
Bathrooms
4
Total area
5,082 SF
Lot
0.07 ac (2,980 SF)
Zoning code
BC
APN
SALI M:32 P: 382
UPID
US38-0505591
Jurisdiction
SALISBURY
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
BC · Salisbury, MA
Zoning BC · permitted uses
BC · 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
$885,000
RESTAURANT
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
INDUSTRIAL (GENERAL)
Est. value
$830,000
COMMERCIAL (GENERAL) Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1920
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Stories
3
Buildings
1
Units
2
Rooms
7
Bathrooms
4
Lot
0.07 ac
Current owner
From public records · entity-resolved
Footes 2 LLC
Entity
Free & Clear · 4 yrs held
Mailing address
123 CENTRAL AVE, SALISBURY, MA 01952-2233
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 23, 2022
$1,300,000
Footes 2 LLC
Norman N Pelletier
Quit Claim Arm's Length For Ne States
—
Mar 16, 2009
—
Norman N Pelletier
—
Deed Of Trust
related
$1,000,000 · Louis M Saab
Jan 23, 2003
—
Beverlys RT
—
Deed Of Trust
related
$750,000 · Louis M Saab
—
—
Norman N Pelletier
—
Deed Of Trust
related
$350,000 · Edward JR Foote
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 14 Broadway?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
