Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    15 Brg St Salem, MA 01970-4152

    • Turn key restaurants
    • 7,328 SF
    • 1.26 lot acres
    OFF-MARKET
    Value Estimation
    $4,815,000
    Last Sale
    Jul 21, 2021
    $4,011,403
    Location Intelligence
    Property ID
    US38-0690854
    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

    • 99 Restaurants / New England Restaurant / Pub
    • Restorante 99 / Restaurant

    Property Details for 15 Brg St

    Year built
    1995
    Construction
    STEEL FRAME
    Lot size
    1.26 lot acres
    Property size
    7,328 SF
    Zone code
    B2
    Property type
    Turn key restaurants
    APN
    SALE M:37 L:0063
    APU
    SALEM37L0063

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $5,085,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,205,000
      6.5%
      $3,660,000
      7%
      $4,250,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,760,000
      Geo Method
      $4,290,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $4,575,000
      Retail
      $4,950,000
      Mixed-Use
      $4,120,000
      Hospitality
      $3,685,000
      Educational
      $4,640,000
      Residential Income
      $4,955,000
      Energy
      $4,500,000
      Income-Based Land
      $4,010,000
      Food Service
      $3,985,000

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.8866
    Latitude
    42.5351
    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
    $47,318
    $875,300
    $1,122,100
    $1,997,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3,249 SF

      91 Lafayette St

      RESTAURANT • 3,249 SF
      91 Lafayette St, Salem, MA 01970-3620
      View Details
    • Value Estimation by Request
      12,494 SF

      283 Derby St

      RESTAURANT • 12,494 SF
      283 Derby St, Salem, MA 01970-3600
      View Details
    • Value Estimation
      $2,490,000
      4,379 SF

      540 Loring Ave

      RESTAURANT • 4,379 SF
      540 Loring Ave, Salem, MA 01970-4222
      View Details
    • Value Estimation
      $2,290,000
      13,299 SF

      17 Canal St

      RESTAURANT • 13,299 SF
      17 Canal St, Salem, MA 01970-4881
      View Details
    • Value Estimation by Request
      2,600 SF

      144 Canal St

      RESTAURANT • 2,600 SF
      144 Canal St, Salem, MA 01970-4650
      View Details
    • Value Estimation
      $355,000
      2,128 SF

      317 Jefferson Ave

      RESTAURANT • 2,128 SF
      317 Jefferson Ave, Salem, MA 01970-4438
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      High-Visibility Commercial Space in Salem

      Commercial space in Salem near downtown and commuter rail.
      97 Bridge St, Salem, MA 01970
      View Details
    • $390,000
      1,106 SF

      Salem Train Station Storefront

      Prime Salem location, 1,106 sq ft, high traffic.
      280 Bridge St, Salem, MA 01970
      View Details
    • $150,000

      Established Polish Deli For Sale

      Profitable Polish deli established in 2001, available for sale.
      176 Essex St, Salem, MA 01970
      View Details
    • $2,500,000

      Spacious Mixed-Use Property in Salem

      Large mixed-use property with development potential in downtown Salem.
      11 Summer St, Salem, MA 01970
      View Details
    • $799,900

      Well-Maintained Two-Family Home

      Spacious, updated two-family home perfect for owner-occupancy.
      19 Cushing St, Salem, MA 01970
      View Details
    • Contact for pricing
      384,000 SF

      Salem Office Space Available

      Office space for sale in Salem, Massachusetts, available immediately.
      35 Congress St, Salem, MA 01970
      View Details

    Similar Nearby for Lease

    • $27 SF/Yr
      1,106 SF

      Salem Train Station Storefront

      Freestanding Commercial Space, High Traffic
      280 Bridge St, Salem, MA 01970
      View Details
    • $30 SF/Yr
      2,890 SF

      Salem Airport Retail Space

      Prime Salem location, 2890 sq ft, new construction.
      38 Norman St, Salem, MA 01970
      View Details
    • Contact for pricing

      Retail Space in Vinnin Square

      Retail space with excellent parking and visibility in Salem.
      17 Paradise Ave, Salem, MA 01970
      View Details
    • $600 /Mo

      Convenient Garage Parking For Rent

      Two-car garage parking near Washington St and New Derby St.
      9 Dodge Street Ct, Salem, MA 01970
      View Details
    • $2,200 /Mo

      Luxury Salon Space in Salem

      Fully furnished salon space with photography set available for rent.
      107 North St, Salem, MA 01970
      View Details
    • $18 SF/Yr
      9,831 SF

      Visible Commercial Space on Highland

      Highly visible 9,831 sq ft commercial space on Highland Ave.
      207 Highland Ave, Salem, MA 01970
      View Details

    Property Visit Statistics

    • Visits by month
      7.5k
    • Visitors by month
      5.1k
    • Avg Time on site
      62 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    15 Brg St
    Salem, MA 01970-4152
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.