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Property profile & analytics
OFF-MARKET
Investment properties
142 Canal St, Salem, MA 01970-4673
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US38-0010149
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Lot
3.52 ac (153,488 SF)
Zoning code
I
APN
SALE M:33 L:0006
UPID
US38-0010149
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
-
The Artful Life Counseling Center and Studio, LLC Crisis Center Medical Clinic
-
O'Reilly Auto Parts Auto Parts Store
-
The Artful Life Counseling Center and Studio, LLC. Medical Clinic
-
guardian health network Home Health Care Service
-
Family Dollar Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Canal Realty Developme · 8 yrs held
Canal Realty Developme
since 2017
7 recorded transactions
Zoning & alternative use
I · Salem, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$105,785
Tax year 2018
Assessed value
$13,264,100
Assessed 2024
Previous assessed
$13,264,100
+0.0% YoY
Effective rate
0.80%
On assessed value
Assessed land
$4,500,600
Assessed improvement
$8,763,500
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
Heating
NONE
Buildings
4
Units
34
Lot
3.52 ac (153,488 SF)
Zoning code
I
APN
SALE M:33 L:0006
UPID
US38-0010149
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.
Building & site characteristics
From public records
Heating
NONE
Buildings
4
Units
34
Lot
3.52 ac
Current owner
From public records · entity-resolved
Canal Realty Developme
Entity
Mailing address
50 DODGE ST, BEVERLY, MA 01915-1711
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2019
—
Canal Realty Dev LLC
—
Grant Deed
related
$11,925,000 · Salem Five Cents Svgs Bk
Sep 13, 2017
$8,250,000
Canal Realty Developme
142 Canal Street Nt
Quit Claim Arm's Length For Ne States
$6,525,000 · Salem Five Cents Savings Bank
Jan 21, 2004
$1
Snakebite Realty LLC
142 Canal Street Rlty LLC
Grant Deed
related
—
Aug 18, 1999
—
134 Canal St. RT
—
Deed Of Trust
related
$825,000 · Salem Five Cents Savings Bank
Mar 20, 1996
$886,100
134 Canal Street RT
Canal RT
Grant Deed
related
—
Oct 3, 1995
—
Canal RT
—
Deed Of Trust
related
$50,000 · Herb Chambers I 93 In
Apr 9, 1990
—
Canal RT
—
Deed Of Trust
related
$1,300,000 · Shawmut Bank Of Boston
Oct 17, 1988
—
Canal Rlty Tr
—
Deed Of Trust
related
$700,000 · Shawmut Bank Of Boston
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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