Entity Owned Property summary
AI-generated overview
The property includes a first-floor office suite of approximately 2,400 square feet at 21 Northwestern Drive in Salem, New Hampshire, designed for office use and accessed by a private entrance. The interior layout features a reception area, five private offices, an open workspace configured with cubicles, a conference room, a kitchenette, restroom facilities, and a sizable storage room. The building is located immediately off Interstate 93 at Exit 2, with Salem positioned within a short drive of Massachusetts, and the surrounding area contains a mix of office, medical, industrial, and retail users plus nearby services such as hotels, dining, retail, daycare, fitness facilities, and a Boston Express transportation center.
Property profile
Verified
Property type
Other warehouses
Use group
WAREHOUSE, STORAGE
Year built
1995
Construction
STEEL FRAME
Total area
99,833 SF
Lot
15.26 ac (664,726 SF)
Zoning code
IND
APN
SLEM M:95 B:10585 L:
UPID
US58-0254644
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
(Bike/Boat/Book/etc) Store Corporate Office
-
Home Health Care Service Consultant
-
Industrial Manufacturer Production Facility
-
Bank Credit Union
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.97M
CAP Approach
CAP
$11.22M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.21M
Owner & transaction history
since 2022
Last sale
$14.9M
3 recorded transactions
Zoning & alternative use
IND · Salem, NH
Top alternative use upside
Office building
$20.4M
+688.3%
Commercial (general)
$13.9M
+434.9%
Auto repair, garage
$12.4M
+379.9%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 3 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$14.21M
Value range
$12.79M – $15.63M
±10% around blend
Estimated value / SF
$142 / SF
Confidence
Low
3 county-verified comps
Property data
100
Comparable evidence
30
$12.79M
blend $14.21M
$15.63M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
99,833 SF
Lot area
15.26 ac
Year built
1995
Stories
1
APN
SLEM M:95 B:10585 L:
Zoning
IND
Assessed value
$6,090,200
Annual tax
$103,290
3
Income approach: direct capitalization
Partial preview
Income approach indication
$11.22M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$12.15M
@ 6.5% CAP return
$11.22M
@ 7% CAP return
$10.42M
4
Sales comparison
Partial preview
Sales approach indication
$25.61M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
20.7 mi away · 76,500 SF
22.3 mi away · 74,160 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$14.21M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Office Building
Gross theoretical uplift
+688%
vs current-use indication
Commercial (general)
Auto Repair, Garage
Restaurant
Retail Stores
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Implied cap rate
5.10%
Implied, in-place cap rate for this other warehouses
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.10%
9.0%
NOI (est.)
$1.04M *
Last sale · Aug 2022
$14.90M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$20.45M
Move the market yield to see immediate price impact.
Value / SF
$205
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.60%5.10%5.60%
$939k
$20.41M
$18.41M
$16.76M
$1.04M
$22.67M
$20.45M
$18.63M
$1.15M
$24.94M
$22.50M
$20.49M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$16.30M
15.9 mi · Oct 2025 · $213/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$103,290
Tax year 2023
Assessed value
$6,090,200
Assessed 2023
Previous assessed
$6,090,200
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$1,856,000
Assessed improvement
$4,234,200
Applied tax rate
66,660.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1995
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
5
Total area
99,833 SF
Lot
15.26 ac (664,726 SF)
Zoning code
IND
APN
SLEM M:95 B:10585 L:
UPID
US58-0254644
Jurisdiction
SALEM TOWN
Metro division
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH METROPOLITAN DIVISION
Zoning & alternative use
IND · Salem, NHZoning IND · permitted uses
IND · Salem, NH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1995
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
5
Lot
15.26 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
IND
Jurisdiction
Salem, NH
Recorded code
IND
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for IND in Salem, NH.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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