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Property profile & analytics
OFF-MARKET Estimated value $4,790,000
Hotels

150 Washington St Salem, MA 01970

7,449 SF 0.18 ac lot Built 2010
Individually Owned 4-yr Hold ~ Est. High Equity
Property ID
US38-1155837
Property profile
Verified
Property type Hotels
Use group HOTEL
Year built 2010
Construction FRAME
Total area 7,449 SF
Lot 0.18 ac (7,819 SF)
Zoning code B5
APN SALE M:35 L:0002
UPID US38-1155837
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
$5.12M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.79M
Owner & transaction history
Merchant RT · 4 yrs held
Merchant RT
since 2022
Last sale
$4.5M
7 recorded transactions
2022
$4.5M
2014
Price N/A
2014
$825,000
2012
$1
2002
$580,000
1994
$245,000
1993
$95,000
Zoning & alternative use
B5 · Salem, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Applicability to Central Business (B5) Zoning District: For projects in the Central Business (B5) District, this Section 8.9 shall be applicable upon approval by the Executive Office of Housing and Livable Communities of a district compliance application that includes the C-ROD district in the compliance model of the application. 8.9.4 Limitation on Uses Bel…

Zone name Central Development
General category UNKNOWN
Zone area 91.93 ac
Source zoning ordinance
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