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Property profile & analytics
OFF-MARKET
Estimated value
$825,000
Turn key restaurants
177 Ft Ave, Salem, MA 01970-5741
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US38-1088091
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1940
Construction
FRAME
Total area
5,838 SF
Lot
0.16 ac (7,079 SF)
Zoning code
B2
APN
SALE M:45 L:0008
UPID
US38-1088091
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
-
Sage's Fusion Kitchen Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$925k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$825k
Owner & transaction history
Jp Capital LLC · 5 yrs held
Jp Capital LLC
since 2020
Last sale
$720,000
7 recorded transactions
Zoning & alternative use
B2 · 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
Method
Estimation
Statistic approach
$925,000
ML approach
$925,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$825k
Range $743k – $908k · ±10% · vs last sale $720k (Sep 10 2020)
Last sale anchor
$720k
Sep 10 2020
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
$141 / 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
$15,301
Tax year 2024
Assessed value
$645,900
Assessed 2024
Previous assessed
$645,900
+0.0% YoY
Effective rate
2.37%
On assessed value
Assessed land
$306,400
Assessed improvement
$339,500
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1940
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
3
Bathrooms
2
Total area
5,838 SF
Lot
0.16 ac (7,079 SF)
Zoning code
B2
APN
SALE M:45 L:0008
UPID
US38-1088091
Jurisdiction
SALEM
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
B2 · Salem, MA
Zoning B2 · permitted uses
B2 · 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
Year built
1940
Construction
FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
3
Bathrooms
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
Jp Capital LLC
Entity
Mailing address
1 CURTIS ST, EAST BOSTON, MA 02128-5162
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 10, 2020
$720,000
Jp Capital LLC
177-181 Fort Avenue LLC
Quit Claim Arm's Length For Ne States
$689,500 · Institution For Savings Newburyport
Nov 24, 2015
$750,000
177-181 Fort Avenue LLC
177-181 Fort Avenue RT
Quit Claim Arm's Length For Ne States
$525,000 · North Shore Bank
Feb 16, 2006
—
177-181 Fort Avenue RT
—
Deed Of Trust
related
$556,500 · Greenpoint Mortgage Funding
Jun 10, 2003
$1
177-181 Fort Avenue RT
Chin,mary S
Grant Deed
related
—
May 23, 2003
—
May S Chin
—
Deed Of Trust
related
$70,000 · Bing See Szeto
Apr 4, 2003
$650,000
May S Chin
Szeto,bik Ying
Grant Deed
$468,750 · Greenpoint Mortgage Funding
Apr 2, 2003
$1
Bing See Szeto
Genghis Salem INC
Grant Deed
related
—
Mar 12, 2003
$165,000
Genghis Salem INC
Szeto,bik Ying
Grant Deed
—
Jun 9, 1997
$164,842
Bing See Szeto
Ks Yee Ent INC
Grant Deed
$164,842 · Zenon Grzybowski
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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