Property profile

283 Derby St Salem, MA 01970

OFF-MARKET
Turn key restaurants
Property ID
US38-0530447
12,494 SF 0.44 ac lot Built 1915
Entity Owned 29-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1915
Construction STEEL FRAME
Total area 12,494 SF
Lot 0.44 ac (19,249 SF)
Zoning code B5
APN SALE M:34 L:0439
UPID US38-0530447

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
  • Restaurant

Location

283 Derby St Salem, MA 01970-3600
Salem metro Census 204300 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.37M
Blend (final) Blend
$1.38M

Owner & transaction history

since 1997
1 recorded transaction
1997
Price N/A

Zoning & alternative use

B5 · Salem, MA
Zoning description

Applicability to Central Business (B5) Zoning District: For projects in the Central Business (B5) District, this Section 8.9 shall be applicable upon approval by the Executive Office of Housing and Livable Communities of…

General category UNKNOWN

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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