Financial
Distress signals
Property profile

214 Derby St Salem, MA 01970

OFF-MARKET
Other investment properties
Property ID
US38-0509276
4,290 SF 0.08 ac lot Built 1915
Last sale Apr 2026 · $1,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Retail space is located on Derby Street directly across from Pickering Wharf in the Pyramid Books building, a brick retail structure. The interior is configured with a large open floor area, and the building layout allows for the potential use of either the left or right side spaces. The site is positioned along a high-traffic retail corridor near restaurants, shops, and a nearby parking garage.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax

What does the county charge?
Assessed value · 2024$951k
Assessed land$331k
Assessed improvement$620k

Value estimate

· Sep 2026
$1.22M
$1.10M – $1.34M
CAP approach$1.34M
Submarket $/SF estimate$1.50M

Realmo valuation models over county records and 27 qualifying comparable sales.

Recently sold

What actually traded nearby?
$277/SF
ZIP average, outlier-cleaned · 43 recorded sales of this use type
Observed band · Q1–Q3$146 – $523
Qualifying comparables27

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
R2
The Intent of this To promote Residential Two Family Uses
General categoryRESIDENTIAL
JurisdictionSALEM

Location intelligence

Which uses thrive at this corner?
Best fit: Locksmith
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Locksmith10.0
Computer & Electronic Repair9.8
Dry Cleaner9.2

Location

214 Derby St Salem, MA 01970-5170
County assessor Recorded deeds · 2 transfers 27 qualifying comp sales Zoning catalog

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
206 Derby, Salem, MA 01970 $750,000 May 2025 4,976 SF
268 Washington, Salem, MA 01970-5948 $900,000 Nov 2022 5,034 SF
296 Highland, Salem, MA 01970-1841 $2,100,000 Oct 2022 4,488 SF
82 Derby, Salem, MA 01970-5808 $1,000,000 Jun 2022 3,875 SF
249 Lafayette, Salem, MA 01970-4776 $800,000 Jan 2022 4,576 SF
98 Nn, Salem, MA 01970-7426 $625,000 Apr 2021 3,754 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
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