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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Retail space
300 Highland Ave Salem, MA 01970-1983
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0577410
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1920
Construction
FRAME
Total area
4,686 SF
Lot
0.3 ac (12,994 SF)
Zoning code
B
APN
SALE M:08 L:0028
UPID
US38-0577410
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Metropcs Mobile Phone Store Electronics & Wireless Store
-
GSP Amusements & Vending, LLC Big Box & Wholesale Store
-
Billboard Revolution LLC Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$670k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$760k
Blend (final)
Blend
$650k
Owner & transaction history
Bernarndino Hernandez · 4 yrs held
Bernarndino Hernandez
since 2021
Last sale
$575,000
6 recorded transactions
Zoning & alternative use
B · Salem, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Salem submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salem submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$660,000
ML approach
$670,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,040,000
Current use
Blend value · Realmo final
$650k
Range $585k – $715k · ±10% · vs last sale $575k (Aug 31 2021)
Last sale anchor
$575k
Aug 31 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$139 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$13,653
Tax year 2024
Assessed value
$576,300
Assessed 2024
Previous assessed
$576,300
+0.0% YoY
Effective rate
2.37%
On assessed value
Assessed land
$345,700
Assessed improvement
$230,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1920
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
2
Units
1
Bathrooms
1
Total area
4,686 SF
Lot
0.3 ac (12,994 SF)
Zoning code
B
APN
SALE M:08 L:0028
UPID
US38-0577410
Jurisdiction
SALEM
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
B · Salem, MA
Zoning B · permitted uses
B · Salem, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Salem. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.0M
RETAIL STORES Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1920
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
1
Units
1
Bathrooms
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
Bernarndino Hernandez
Individual
Mailing address
43 WEBSTER ST #1, LYNN, MA 01902-1662
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2021
$575,000
Bernarndino Hernandez
300 Highland Avenue LLC
Quit Claim Arm's Length For Ne States
$402,500 · Velocity Commercial Capital LLC
Apr 30, 2007
—
300 Highland Avenue LLC
—
Deed Of Trust
related
$711,000 · Salem Five Cents Savings Bank
May 5, 2005
$250,000
300 Highland Ave LLC
Brodbine,james Michael
Grant Deed
$250,000 · Heritage Cp Bank
Jan 17, 1995
—
James Michael Brobine
—
Deed Of Trust
related
$35,000 · Gary Needham
—
—
300 Highland Avenue LLC
—
Deed Of Trust
related
$938,000 · Salem Five Cents Svgs Bk
—
—
300 Highland Avenue LLC
—
Deed Of Trust
related
$200,000 · Salem Five Cents Svgs Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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