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Property profile & analytics
OFF-MARKET
Warehouses
20 Colonial Rd Salem, MA 01970
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US38-0497292
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1955
Construction
STEEL FRAME
Total area
145,500 SF
Lot
6.1 ac (265,716 SF)
Zoning code
I
APN
SALE M:24 L:0121
UPID
US38-0497292
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
-
Amazon Fulfillment Center DAS7 Warehouse & Storage
-
Amazon Hub Locker - Pettingell Postal Service Courier Service
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
Nbi Colonial LLC · 4 yrs held
Nbi Colonial LLC
since 2021
Last sale
$49.3M
7 recorded transactions
Zoning & alternative use
I · 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 2024Property tax & assessments
Tax year 2024
Tax billed
$310,422
Tax year 2024
Assessed value
$13,103,500
Assessed 2024
Previous assessed
$13,103,500
+0.0% YoY
Effective rate
2.37%
On assessed value
Assessed land
$4,065,500
Assessed improvement
$9,038,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1955
Construction
STEEL FRAME
Heating
GRAVITY
Cooling
YES
Buildings
1
Stories
2
Units
1
Bathrooms
4
Total area
145,500 SF
Lot
6.1 ac (265,716 SF)
Zoning code
I
APN
SALE M:24 L:0121
UPID
US38-0497292
Jurisdiction
SALEM
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
I · Salem, MA
Zoning I · permitted uses
I · 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
1955
Construction
STEEL FRAME
Heating
GRAVITY
Cooling
Yes
Stories
2
Buildings
1
Units
1
Bathrooms
4
Lot
6.1 ac
Current owner
From public records · entity-resolved
Nbi Colonial LLC
Entity
Free & Clear · 4 yrs held
Mailing address
401 EDGEWATER PL STE #265, WAKEFIELD, MA 01880-6241
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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 16, 2021
$49,300,000
Nbi Colonial LLC
Colonial Road Owner LLC
Correction Deed
related
—
Aug 20, 2021
$49,300,000
Nbi Colonial LLC
Colonial Road Owner LLC
Quit Claim Arm's Length For Ne States
$62,850,000 · Wells Fargo Bank NA
May 1, 2020
$9,200,000
Colonial Road Owner LLC
Exeter Intl Rlty
Quit Claim Deed
—
Jan 13, 2020
$3,000,000
Exeter Intl Rltv
Exeter Intl Rlty
Quit Claim Deed
—
Jan 13, 2020
—
Exeter Intl Trust
Insurance Co
Correction Deed
related
—
Jul 27, 2018
—
Exeter Intl Rlty
—
Deed
related
$400,000 · Robert R Friedlander
Nov 3, 2000
—
Exeter Internatl Rlty
—
Deed Of Trust
related
$300,000 · Ernest Friedlander Nt
Feb 5, 1991
—
Exeter Internatl Rlty
—
Deed Of Trust
related
$243,000 · D H Friedlander Ft
—
—
Exeter Intl Rlty
—
Deed Of Trust
related
$400,000 · Robert R Friedlander
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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