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Property profile & analytics
OFF-MARKET
Estimated value
$930,000
Office buildings
22 Lafayette Rd, Salisbury, MA 01952-2047
Individually Owned
20-yr Hold
~
Est. High Equity
Property ID
US38-0733279
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1820
Construction
FRAME
Total area
2,299 SF
Lot
1.95 ac (85,047 SF)
Zoning code
LM-D
APN
SALI M: 5 P: 4
UPID
US38-0733279
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.05M
Comparable Approach
Comparable
$926k
Blend (final)
Blend
$930k
Owner & transaction history
Ronald N Laffely · 20 yrs held
Ronald N Laffely
since 2006
4 recorded transactions
Zoning & alternative use
LM-D · Salisbury, 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 Salisbury submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salisbury 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,140,000
6.5%
$1,050,000
7%
$975,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$590,000
Current use
Blend value · Realmo final
$930k
Range $837k – $1.02M · ±10%
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
$405 / 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
$7,958
Tax year 2024
Assessed value
$761,500
Assessed 2024
Previous assessed
$761,500
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$319,400
Assessed improvement
$442,100
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
1820
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
3
Bathrooms
2
Total area
2,299 SF
Lot
1.95 ac (85,047 SF)
Zoning code
LM-D
APN
SALI M: 5 P: 4
UPID
US38-0733279
Jurisdiction
SALISBURY
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
LM-D · Salisbury, MA
Zoning LM-D · permitted uses
LM-D · Salisbury, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Salisbury. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$590,000
OFFICE BUILDING Current
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
1820
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
3
Buildings
1
Bathrooms
2
Lot
1.95 ac
Current owner
From public records · entity-resolved
Ronald N Laffely
Individual
Mailing address
22 LAFAYETTE RD, SALISBURY, MA 01952-2047
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2006
$1
Ronald N Laffely
Anndoris RT
Grant Deed
—
Jan 17, 2003
—
22 Lafayette Road RT
—
Deed Of Trust
related
$185,000 · First National Bank Nassau
Dec 7, 2000
—
Ronald N Laffely
—
Deed Of Trust
related
$192,500 · Newburyport Five Cent
Apr 3, 1998
$156,000
Ronald A Laffely
Fogge Rollins T
Grant Deed
$144,000 · Newburyport Five Cent
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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