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Property profile

224 Essex St 1 Salem, MA 01970

OFF-MARKET
Office Spaces
Property ID
US38-1760186
1,115 SF 0.09 ac lot Built 1920
Individually Owned Owner of record is an individual. 37-yr Hold Held for 37 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$4k
Tax billed · 2024
Assessed value$186k
Assessed improvement$186k
Effective rate2.37%

Value estimate

· Oct 2026
$315k
$284k – $347k
AI approach$315k

Realmo valuation models over county records and 22 qualifying comparable sales.

Recently sold

What actually traded nearby?
$287/SF
ZIP average, outlier-cleaned · 32 recorded sales of this use type
Observed band · Q1–Q3$150 – $396
Qualifying comparables22

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?
B5
Applicability to Central Business (B5) Zoning District: For projects in the Central Business (B5) District, this Section 8.9 shall be app...
General categoryUNKNOWN
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
Locksmith9.7
Assisted Living Facility9.1
Butcher8.5

Location

224 Essex St, Unit 1 Salem, MA 01970-3705
County assessor Recorded deeds · 1 transfer 22 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
20 Central St, Salem, MA 01970-3752 $399,999 Dec 2025 1,361 SF
530 Loring Ave, Salem, MA 01970-4256 $275,000 Jul 2025 1,172 SF
11 Derby, Salem, MA 01970-3704 $335,000 Sep 2024 1,100 SF
192 Essex, Salem, MA 01970-3705 $675,000 Aug 2024 1,342 SF
6 Norman, Salem, MA 01970-3314 $159,000 Oct 2022 812 SF
8 Norman, Salem, MA 01970-3314 $140,000 May 2021 812 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

Comparable nearby

  • Value Estimation
    $370,000
    1,264 SF
    17 Church St
    CONDOMINIUM OFFICES
    17 Church St, Salem, MA 01970-3713
    View Details
  • Value Estimation
    $300,000
    1,300 SF
    284 Washington St, Unit 1
    CONDOMINIUM OFFICES
    284 Washington St, Salem, MA 01970-4983
    View Details
  • Value Estimation
    $375,000
    944 SF
    530 Loring Ave Ste, Unit 102
    CONDOMINIUM OFFICES
    530 Loring Ave Ste, Salem, MA 01970-4256
    View Details
  • Value Estimation
    $675,000
    1,342 SF
    192 Essex St, Unit 172
    CONDOMINIUM OFFICES
    192 Essex St, Salem, MA 01970-3705
    View Details
  • Value Estimation
    $635,000
    1,428 SF
    8 Essex St
    OFFICE BUILDING
    8 Essex St, Salem, MA 01970-5209
    View Details
  • Value Estimation
    $615,000
    1,718 SF
    262 Essex St Ste, Unit 2
    CONDOMINIUM OFFICES
    262 Essex St Ste, Salem, MA 01970-3452
    View Details

Similar Nearby for Sale

  • New
    $749,000
    1,428 SF
    Renovated Freestanding Office Building
    Owner-occupant office property with private rooms, reception, basement storage, and wheelchair-accessible entry.
    8 Essex St, Salem, MA 01970
    View Details
  • New
    $549,900
    1,787 SF
    Attorney Office Building
    Office building configured with multiple offices, reception, conference room, and central air, with off-street tandem parking.
    47 Federal Street, Salem, MA 01970
    View Details
  • New
    Contact for pricing
    2,000 SF
    Ground Floor Medical Office Space
    Ground floor suite offers a private office layout with reception, conference room, kitchenette, two restrooms, and central HVAC.
    63-1/2 Jefferson Ave Unit 105, Salem, MA 01970
    View Details
  • New
    Contact for pricing
    2,363 SF
    Walk-Up Creative Office Suite
    Third-floor suite with skylights, exposed brick, and a mezzanine layout near commuter rail and downtown amenities.
    262 Essex St # 3, Salem, MA 01970
    View Details
  • Contact for pricing
    16,000 SF
    Downtown Salem Office Space Available
    Office space for lease in downtown Salem near attractions.
    10 Federal St, Salem, MA 01970
    View Details
  • New
    Contact for pricing
    384,000 SF
    Salem Office Space Available
    Office space for sale in Salem, Massachusetts, available immediately.
    35 Congress Street, Salem, MA 01970
    View Details

Similar Nearby for Lease

  • New
    $28 SF/Yr
    Retail Space in New Apartment Development
    Storefront windows and handicap accessibility support retail or office use.
    266 Canal St, Salem, MA 01970
    View Details
  • New
    $21 SF/Yr
    2,000 sqft
    Ground-Floor Office Unit
    Flexible commercial suite with private offices, reception, conference space, and shared onsite parking.
    63-1 /2 Jefferson Ave Unit 105, Salem, MA 01970
    View Details
  • New
    $21 SF/Yr
    Ground Floor Retail-Ready Office Suite
    Ground floor suite with private offices, conference room, kitchenette, reception, two restrooms, and HVAC in a NNN lease.
    63-1/2 Jefferson Ave # 105, Salem, MA 01970
    View Details
  • New
    $15 SF/Yr
    2,363 sqft
    Third-Floor Walk-Up Office Suite
    Downtown third-floor suite with private offices, open work areas, skylights, and a mezzanine accessed by circular stairs.
    3-262 Essex St, Salem, MA 01970
    View Details
  • New
    $4,000/Mo
    3,000 sqft
    Multi-Level Retail or Office Space
    Multi-level space with bathrooms on each floor, suitable for office or service uses with some build-out needed.
    167 Boston Street, Salem, MA 01970
    View Details
  • New
    Contact for pricing
    3,546 sqft
    Office Units with Water Views
    Partially furnished office space with exceptional water views, flexible sublease through April 30, 2027, and parking plus marina slips.
    35 Congress St, Salem, MA 01970
    View Details
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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