Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    290th Salem St Woburn, MA 01801-2029

    • Specialty properties
    • 4,902 SF
    • 19.47 lot acres
    OFF-MARKET
    Value Estimations
    $250,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0930199
    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

    • Specialty properties

    Property Details for 290th Salem St

    Year built
    1970
    Construction
    FRAME
    Lot size
    19.47 lot acres
    Property size
    4,902 SF
    Zone code
    O-P
    Property type
    Specialty properties
    APN
    WOBU M:32 B:01 L:12 U:00
    APU
    WOBUM32B01L12U00

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $260,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $242,000
      Market price range: $138k - $546k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Woburn
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.13
    Latitude
    42.498
    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
    $20,105
    $391,800
    $627,700
    $1,019,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $235,000
      2,544 SF

      30 Ww St

      CHARITABLE ORGANIZATION • 2,544 SF
      30 Ww St, Woburn, MA 01801-1823
      View Details
    • Value Estimation
      $670,000
      42,956 SF

      Charles Gardner Ln

      CHARITABLE ORGANIZATION • 42,956 SF
      Charles Gardner Ln, Woburn, MA 01801
      View Details
    • Value Estimation by Request
      9,727 SF

      212 Cummings Park

      Life science properties • 9,727 SF
      212 Cummings Park, Woburn, MA 01801
      View Details
    • Value Estimation
      $230,000
      8.45 Acres

      Hart St

      CHARITABLE ORGANIZATION • 8.45 Acres
      Hart St, Woburn, MA 01801
      View Details
    • Value Estimation
      $270,000
      3,680 SF

      147 Main St

      CHARITABLE ORGANIZATION • 3,680 SF
      147 Main St, Woburn, MA 01801-5646
      View Details
    • Value Estimation
      $240,000
      5,705 SF

      81 Main St

      CHARITABLE ORGANIZATION • 5,705 SF
      81 Main St, Woburn, MA 01801-5642
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,130 SF

      Woburn Warehouse Space Available

      20,130 square foot warehouse in Woburn, Massachusetts.
      240 Salem St, Woburn, MA 01801
      View Details
    • $1,498,000

      Woburn Town Center Condo Building

      Four-unit condo building in Woburn's thriving town center.
      14 Church Ave, Woburn, MA 01801
      View Details
    • Contact for pricing
      20,000 SF

      Woburn Warehouse For Sale

      20,000 SF warehouse available for sale in Woburn, MA.
      12 Walnut Hill Park, Woburn, MA 01801
      View Details
    • $1,549,000
      3,782 SF

      Former Bank Branch Office Building

      Two-story commercial building suitable for owner-user or investment.
      573 Main St, Woburn, MA 01801
      View Details
    • $975,000
      4.50 Acres

      Woburn Commercial Land - 4.5 Acres

      Prime Woburn location, R-2 zoned, development opportunity.
      1071 Main St, Woburn, MA 01801
      View Details
    • $949,000

      Unique Three-Family Home

      Three-unit property with strong rental potential and convenient location.
      21 Franklin St, Woburn, MA 01801
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      30,000 SF

      Prime Industrial Outdoor Storage

      Boston Area: 30,000 SF Secure Yard
      22 Cranes Ct, Woburn, MA 01801
      View Details
    • $22 SF/Yr

      Woburn Flex Space Available

      Flex space suitable for R&D, light manufacturing, or assembly.
      124 Cummings Park Dr, Woburn, MA 01801
      View Details
    • Contact for pricing
      5,000 SF

      Woburn Retail Space - 5,000 SF

      Prime Woburn retail space, 1.54 acres, immediate occupancy.
      325 Montvale Ave, Woburn, MA 01801
      View Details
    • Contact for pricing
      11,433 SF

      Woburn Flex Space with Lab

      Flex space with essential infrastructure, ideal for startup companies.
      25 Olympia Ave, Woburn, MA 01801
      View Details
    • Contact for pricing
      1,496 SF

      Bright Corner Office Suite

      Well-appointed office suite with abundant natural light, near Boston.
      2-100 Tower Office Park, Woburn, MA 01801
      View Details
    • $4,200 /Mo

      Woburn Retail Space For Rent

      Prime retail space in downtown Woburn with high foot traffic.
      405 Main St, Woburn, MA 01801
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    290th Salem St
    Woburn, MA 01801-2029
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.