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Property profile & analytics
OFF-MARKET
Specialty properties
18 Commercial St, Salem, MA 01970-3917
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US38-1080352
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1999
Construction
STEEL FRAME
Total area
5,000 SF
Lot
0.25 ac (10,716 SF)
Zoning code
BP
APN
SALE M:26 L:0051
UPID
US38-1080352
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
-
Columbus Society Lounge Community Center
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
Society Columbus & Salem · 7 yrs held
Society Columbus & Salem
since 2018
7 recorded transactions
Zoning & alternative use
BP · 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 2019Property tax & assessments
Tax year 2019
Tax billed
$17,101
Tax year 2019
Assessed value
$640,300
Assessed 2024
Previous assessed
$640,300
+0.0% YoY
Effective rate
2.67%
On assessed value
Assessed land
$210,800
Assessed improvement
$429,500
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1999
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
3
Total area
5,000 SF
Lot
0.25 ac (10,716 SF)
Zoning code
BP
APN
SALE M:26 L:0051
UPID
US38-1080352
Jurisdiction
SALEM
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
BP · Salem, MA
Zoning BP · permitted uses
BP · 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
1999
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
3
Lot
0.25 ac
Current owner
From public records · entity-resolved
Society Columbus & Salem
Individual
Mailing address
PO BOX 32, SALEM, MA 01970-0032
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2018
$850,000
Society Columbus & Salem
Historic N Riv Salem
Quit Claim Deed
—
Sep 6, 2017
$575,000
Historic North River LLC
Solomon,robert G
Foreclosure
related
—
Oct 17, 2013
—
River Wharf RT
—
Deed Of Trust
related
$1,100,000 · Salem Five Cents Savings Bank
Aug 5, 2013
—
River Wharf RT
—
Deed Of Trust
related
$100,000 · Salem Five Cents Savings Bank
Jul 31, 2013
—
River Warf RT
—
Deed Of Trust
related
$1 · Salem Five Cents Savings Bank
Dec 21, 2009
—
River Wharf RT
—
Deed Of Trust
related
$200,925 · Salem City
Mar 15, 2004
—
River Wharf RT
—
Deed Of Trust
related
$135,925 · Salem City Plann&dev
Mar 3, 2004
—
River Wharf RT
—
Deed Of Trust
related
$520,000 · Life Insurance Inv
Apr 30, 2002
—
River Wharf RT
—
Deed Of Trust
related
$200,000 · Life Insurance Comut
Mar 8, 2000
—
River Wharf RT
—
Deed Of Trust
related
$90,000 · Danvers Savings Bank
Aug 12, 1999
—
River Wharf RT
—
Deed Of Trust
related
$50,000 · Salem City
Jun 30, 1999
$300,000
River Wharf RT
Sullivan,thomas A
Grant Deed
$342,000 · Danvers Savings Bank
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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