Property profile

307 Highland Ave Salem, MA 01970

OFF-MARKET
Automotive properties
Property ID
US38-0950986
1,305 SF 0.34 ac lot Built 1957
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1957
Construction STEEL FRAME
Total area 1,305 SF
Lot 0.34 ac (15,002 SF)
Zoning code B2
APN SALE M:08 L:0138
UPID US38-0950986

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
  • Car Rental Facility

Location

307 Highland Ave Salem, MA 01970
Salem metro Census 204701 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.05M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.01M

Owner & transaction history

since 2022
Last sale
$1.1M
2 recorded transactions
2022
$900,000
2018
$575,000

Zoning & alternative use

B2 · Salem, MA
Zoning description

The Intent of this To promote Business Highway Uses

General category COMMERCIAL

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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