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Property profile & analytics
OFF-MARKET
Estimated value
$810,000
Investment properties
204 Lafayette St, Salem, MA 01970-4721
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0511339
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1916
Construction
FRAME
Total area
5,925 SF
Lot
0.29 ac (12,602 SF)
Zoning code
R3
APN
SALE M:33 L:0212
UPID
US38-0511339
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
-
Risa E. Sontz, LICSW Foster Care Service Social Service Agency
-
The Salem Center Psychotherapist
-
Commonwealth Family Associates Physician Medical Clinic
-
Roberts Marjorie Physician Medical Clinic
-
Gaddis Stephen R Marriage Or Relationship Counselor Doctor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$760k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$852k
Blend (final)
Blend
$810k
Owner & transaction history
204 Lafayette LLC · 4 yrs held
204 Lafayette LLC
since 2021
Last sale
$850,000
7 recorded transactions
Zoning & alternative use
R3 · 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
$745,000
ML approach
$760,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,320,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$810k
Range $729k – $891k · ±10% · vs last sale $850k (Dec 17 2021)
Last sale anchor
$850k
Dec 17 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
$137 / 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
Assessed value
$987,100
Assessed 2024
Previous assessed
$987,100
+0.0% YoY
Assessed land
$470,600
Assessed improvement
$516,500
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1916
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
3
Units
2
Rooms
6
Bathrooms
7
Total area
5,925 SF
Lot
0.29 ac (12,602 SF)
Zoning code
R3
APN
SALE M:33 L:0212
UPID
US38-0511339
Jurisdiction
SALEM
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
R3 · Salem, MA
Zoning R3 · permitted uses
R3 · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$1.3M
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1916
Construction
FRAME
Heating
FORCED AIR
Stories
3
Buildings
1
Units
2
Rooms
6
Bathrooms
7
Lot
0.29 ac
Current owner
From public records · entity-resolved
204 Lafayette LLC
Entity
Mailing address
531 SHIRLEY ST, WINTHROP, MA 02152-1328
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2021
$850,000
204 Lafayette LLC
Lafayette Holdings LLC
Quit Claim Arm's Length For Ne States
$400,000 · Digital FCU
Dec 29, 2016
—
Lafayette Holdings LLC
—
Deed
related
$482,000 · Marblehead Savings Bank
Mar 28, 2012
$561,500
Lafayette Holdings LLC
Gulf Of Maine Research T
Grant Deed
$405,000 · First National Bank Ipswch
Sep 15, 2004
—
Gulf Maine Research Ctr
—
Deed Of Trust
related
$285,000 · Banknorth NA
Dec 26, 2001
—
Main Gulf Research
—
Deed Of Trust
related
$285,000 · Warren Five Cts Savings
Jul 14, 1988
$410,000
Gulf Of Maine Research
Gable Realty Tr
Grant Deed
$435,000 · Gary Needham
Feb 1, 1988
$321,500
Gable Realty Trust
Grady Rlty Tr Salem
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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