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    Property profile & analytics

    287-291 Lafayette St Salem, MA 01970

    • Office buildings
    • 20,474 SF
    • 0.59 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US38-0758643
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 287-291 Lafayette St

    Year built
    1950
    Construction
    FRAME
    Lot size
    0.59 lot acres
    Property size
    20,474 SF
    Property type
    Office buildings
    APN
    SALE M:33 L:0426
    APU
    SALEM33L0426

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.8908
    Latitude
    42.5081
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $49,661
    $670,400
    $1,425,900
    $2,096,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $375,000
      702 SF

      124 Derby St

      OFFICE BUILDING • 702 SF
      124 Derby St, Salem, MA 01970-5645
      View Details
    • Value Estimation
      $265,000
      1,428 SF

      8 Essex St

      OFFICE BUILDING • 1,428 SF
      8 Essex St, Salem, MA 01970-5209
      View Details
    • Value Estimation by Request
      6,408 SF

      4 Lynde St

      OFFICE BUILDING • 6,408 SF
      4 Lynde St, Salem, MA 01970
      View Details
    • Value Estimation
      $665,000
      6,364 SF

      87 Margin St

      OFFICE BUILDING • 6,364 SF
      87 Margin St, Salem, MA 01970-3311
      View Details
    • Value Estimation
      $240,000
      519 SF

      108 Broadway

      OFFICE BUILDING • 519 SF
      108 Broadway, Salem, MA 01970-4555
      View Details
    • Value Estimation by Request
      5,750 SF

      32 Church St

      OFFICE BUILDING • 5,750 SF
      32 Church St, Salem, MA 01970-3769
      View Details

    Similar Nearby for Sale

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    • Contact for pricing
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      Salem Office Space Available

      Office space for sale in Salem, Massachusetts, available immediately.
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    • $395,000

      Downtown Salem Office Condo

      First floor office condo in downtown Salem for sale.
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      Multi-tenant Salem commercial building with on-site parking for sale.
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    • $2,500,000

      Spacious Mixed-Use Property in Salem

      Large mixed-use property with development potential in downtown Salem.
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    • $2,900,000

      Redevelopment Opportunity: 1.7 Acres

      1.7 acres of land for redevelopment across Salem and Lynn.
      483 Highland Ave, Salem, MA 01970
      View Details

    Similar Nearby for Lease

    • $27 SF/Yr
      1,106 SF

      Salem Train Station Storefront

      Freestanding Commercial Space, High Traffic
      280 Bridge St, Salem, MA 01970
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    • $19 SF/Yr
      2,363 SF

      Downtown Salem Office Suite For Lease

      Attractive 2,363 sqft office suite in downtown Salem available now.
      262 Essex St, Salem, MA 01970
      View Details
    • $18 SF/Yr
      9,831 SF

      Visible Commercial Space on Highland

      Highly visible 9,831 sq ft commercial space on Highland Ave.
      207 Highland Ave, Salem, MA 01970
      View Details
    • $18 SF/Yr

      Waterfront Business Center Office Space

      Premier waterfront business center with ocean views near historic district.
      47 Congress St, Salem, MA 01970
      View Details
    • $3,000 /Mo

      Flex Space Near Downtown Salem

      Established flex space suitable for retail or office use.
      65-67 Congress St, Salem, MA 01970
      View Details
    • $16 SF/Yr
      8,000 SF

      Flex Space at Enterprise Center

      Flex commercial space suitable for office, assembly, receiving, and distribution.
      71 Loring Ave, Salem, MA 01970
      View Details
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    287-291 Lafayette St
    Salem, MA 01970
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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