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    Property profile & analytics

    316 Broadway Salem, NH 03079-2122

    • Turn key restaurants
    • 2,973 SF
    • 1.21 lot acres
    OFF-MARKET
    Value Estimation
    $3,970,000
    Last Sale
    Mar 25, 2022
    $4,160,000
    Location Intelligence
    Property ID
    US58-0341246
    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

    • Wendy's / Fast Food Restaurant / Hamburger Restaurant

    Property Details for 316 Broadway

    Year built
    1995
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.21 lot acres
    Property size
    2,973 SF
    Zone code
    CIB
    Property type
    Turn key restaurants
    APN
    SLEM M:63 B:11578 L:
    APU
    SLEMM63B11578L

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,970,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,775,000
      6.5%
      $3,770,000
      7%
      $3,795,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,695,000
      Geo Method
      $4,135,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,950,000
      Retail
      $3,635,000
      Mixed-Use
      $4,740,000
      Hospitality
      $3,570,000
      Educational
      $3,865,000
      Residential Income
      $4,435,000
      Energy
      $3,775,000
      Income-Based Land
      $4,325,000
      Food Service
      $4,175,000

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Rockingham
    State
    New Hampshire
    Longitude
    -71.2398
    Latitude
    42.8001
    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
    2023
    $18,447
    $518,100
    $569,600
    $1,087,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3,640 SF

      327 Broadway

      RESTAURANT • 3,640 SF
      327 Broadway, Salem, NH 03079-4522
      View Details
    • Value Estimation by Request
      7,116 SF

      43 Pelham Rd

      RESTAURANT • 7,116 SF
      43 Pelham Rd, Salem, NH 03079-2827
      View Details
    • Value Estimation
      $355,000
      3,240 SF

      396 Broadway

      RESTAURANT • 3,240 SF
      396 Broadway, Salem, NH 03079-4310
      View Details
    • Value Estimation by Request
      4,256 SF

      1 Artisan Dr

      RESTAURANT • 4,256 SF
      1 Artisan Dr, Salem, NH 03079-3011
      View Details
    • Value Estimation by Request
      2,912 SF

      322 Broadway

      RESTAURANT • 2,912 SF
      322 Broadway, Salem, NH 03079-4526
      View Details
    • Value Estimation by Request
      5,592 SF

      311 Broadway

      RESTAURANT • 5,592 SF
      311 Broadway, Salem, NH 03079-4522
      View Details

    Similar Nearby for Sale

    • $650,000
      1,907 SF

      Turn-Key Restaurant & Catering Business

      Established restaurant and catering business with loyal customer base.
      254 N Broadway, Salem, NH 03079
      View Details
    • $500,000
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      6,000 SF Storage Facility

      Contracting company with storage facility for sale.
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      10,374 SF

      Mixed-Use Commercial Building on Broadway

      10,374 SF mixed-use building on 1.24 acres.
      134 N Broadway, Salem, NH 03079
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    • $399,999
      3,333 SF

      Prime Salem, NH Business Opportunity

      Established Franchise, High Traffic Location
      450 South Broadway, Salem, NH 03079
      View Details
    • $600,000
      4,000 SF

      Office-Warehouse Space For Sale

      Office-warehouse space with loading dock, suitable for various businesses.
      50 Northwestern Dr, Salem, NH 03079
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    • $650,000

      Commercial Land For Sale

      Commercial land available for sale.
      254 No. Broadway Ave, Salem, NH 03079
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo
      2,400 SF

      Retail-Restaurant Space on Route 97

      2,400+/- sq ft retail-restaurant space in Salem, NH.
      107 Main St, Salem, NH 03079
      View Details
    • Contact for pricing
      350,451 SF

      Rockingham Plaza Retail Space

      Salem, NH Strip Center - High Traffic
      0 Rte. 28 & Rockingham Blvd, Salem, NH 03079
      View Details
    • Contact for pricing
      37,933 SF

      Salem Retail Center Opportunity

      High-traffic Salem, NH shopping center space available.
      125 Broadway, Salem, NH 03079
      View Details
    • $1,400 /Mo
      700 SF

      Retail Space in North Broadway

      700 SF retail space with utilities included in rent.
      224 North Broadway, Salem, NH 03079
      View Details
    • $1,800 /Mo
      950 SF

      Route 28 Retail/Office Space

      950+/- sq ft retail/office space on Route 28.
      227 N Broadway, Salem, NH 03079
      View Details
    • $25 SF/Yr
      1,600 SF

      Retail Space with Modern Design

      Contemporary retail space with open layout and high visibility.
      240 N Broadway, Salem, NH 03079
      View Details

    Property Visit Statistics

    • Visits by month
      26.6k
    • Visitors by month
      22.0k
    • Avg Time on site
      17 min
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    316 Broadway
    Salem, NH 03079-2122
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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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