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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Office buildings
20 Commercial St, Salem, MA 01970-3917
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0411478
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2003
Construction
FRAME
Total area
5,056 SF
Lot
0.44 ac (19,301 SF)
Zoning code
BP
APN
SALE M:26 L:0050
UPID
US38-0411478
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
-
All Creatures Veterinary Hospital Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$740k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$675k
Owner & transaction history
Commercial Way Salem LLC · 4 yrs held
Commercial Way Salem LLC
since 2021
Last sale
$600,000
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
Method
Estimation
Statistic approach
$760,000
ML approach
$740,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$675k
Range $608k – $743k · ±10% · vs last sale $600k (Aug 31 2021)
Last sale anchor
$600k
Aug 31 2021
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
$134 / 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
$14,934
Tax year 2024
Assessed value
$630,400
Assessed 2024
Previous assessed
$630,400
+0.0% YoY
Effective rate
2.37%
On assessed value
Assessed land
$272,400
Assessed improvement
$358,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2003
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
5,056 SF
Lot
0.44 ac (19,301 SF)
Zoning code
BP
APN
SALE M:26 L:0050
UPID
US38-0411478
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
2003
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
0.44 ac
Current owner
From public records · entity-resolved
Commercial Way Salem LLC
Entity
Mailing address
20 COMMERCIAL ST, SALEM, MA 01970-3917
Mailing matches property
Yes
Owner-occupied
Yes
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
Aug 31, 2021
$600,000
Commercial Way Salem LLC
North River Realty LLC
Quit Claim Arm's Length For Ne States
$480,000 · Bank Of America NA
Aug 18, 2011
—
North River Realty LLC
—
Deed Of Trust
related
$530,000 · Salem Five Cents Savings Bank
Sep 28, 2006
—
North River Realty LLC
—
Deed Of Trust
related
$465,000 · Gary Needham
Jan 30, 2004
$1
North River Realty LLC
Bradt,elizabeth S
Grant Deed
related
—
Sep 8, 2003
—
All Creatures Veterinaty
—
Deed Of Trust
related
$36,845 · Sale City Com Dev & P
Apr 29, 2002
—
Elizabeth S Bradt
—
Deed Of Trust
related
$495,000 · Salem Five Cents Savings Bank
Jul 6, 2001
—
Elizabeth S Bradt
—
Deed Of Trust
related
$330,000 · Salem Five Cents Savings Bank
Jun 28, 2000
$310,000
Elizabeth S Bradt
Jeannette RT
Grant Deed
$330,000 · Salem Five Cents Savings Bank
Aug 24, 1999
$20,000
Michael Ross
Lyn Lad Rlty LLC
Grant Deed
—
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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