Technical
Financial
Distress signals
Property profile

283-287 Salem St Malden, MA 02148

OFF-MARKET
Retail space
Property ID
US38-0315112
1,560 SF 0.05 ac lot Built 1900
Entity Owned 3-yr Hold Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1900
Construction CONCRETE
Total area 1,560 SF
Lot 0.05 ac (2,060 SF)
Zoning code NB
APN MALD M:094 B:734 L:411
UPID US38-0315112

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

283-287 Salem St Malden, MA 02148
Malden metro Census 341800 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$535k
CAP Approach CAP
$345k
Comparable Approach Comparable
by Request
Blend (final) Blend
$520k

Owner & transaction history

since 2023
Last sale
$500,000
4 recorded transactions
2023
Price N/A
2022
$500,000
1988
Price N/A
1987
Price N/A

Zoning & alternative use

NB · Malden, MA
Top alternative use upside
Auto repair, garage $440,000 +4.4%
Neighborhood: shopping center $430,000 +2.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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