Realmo Analytics

Unlock property reports, ownership, financials, or compile property list owners likely to sell.

Property profile

198 Main St Salem, NY 12865

FOR SALE
Other investment properties
Property ID
US63-5452924
4,520 SF 0.15 ac lot Built 1900
Last sale Sep 2020 · $117,500
Individually Owned Owner of record is an individual. 4-yr Hold Held for 4 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property at 198 Main Street, Salem, NY consists of a 4,520-square-foot mixed-use building with four residential units on the upper levels and two vacant commercial spaces on the lower level. The residential configuration includes one 2-bedroom apartment and three 1-bedroom apartments, with separate electric heat serving the apartment units. The commercial spaces are heated by a furnace that was installed approximately two years prior. Apartment fixtures include refrigerators and stoves…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax

What does the county charge?
Assessed value · 2023$120k
Assessed land$9k
Assessed improvement$111k

Value estimate

· Oct 2026
$130k
$117k – $143k
AI approach$140k
NOI build-up
Gross scheduled income$81k
Vacancy & credit loss−$8k
Operating expenses−$27k
NOI · 18.32% cap applied$46k

Realmo valuation models over county records and 12 qualifying comparable sales.

Recently sold

What actually traded nearby?
$54/SF
County average, outlier-cleaned · 106 recorded sales of this use type
Observed band · Q1–Q3$29 – $76
Qualifying comparables12

Cap rate analysis

How does the asset earn?
18.32%
$46k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionWASHINGTON

Location intelligence

Which uses thrive at this corner?
Best fit: Plumbing Service
Demand index
Plumbing Service8.7
Tailor Shop8.7
Realty agency8.5

Location

198 Main St Salem, NY 12865
County assessor Recorded deeds · not on file 12 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
23 Broadway, Salem, NY 12865-9718 $150,000 Dec 2024 2,688 SF
219 Main, Salem, NY 12865-3107 $152,000 Jan 2023 5,319 SF
4415 State Rte 22, Salem, NY 12865-3006 $75,000 Jan 2022 3,952 SF
197 Main, Salem, NY 12865 $96,500 Feb 2021 8,436 SF
4322 State Rte 22, Salem, NY 12865-3449 $115,000 Jan 2021 6,240 SF
173 Main, Salem, NY 12865 $120,000 Jan 2020 2,800 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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