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    Property profile & analytics

    317 Salem St Lynnfield, MA 01940-2328

    • Turn key restaurants
    • 5,440 SF
    • 6.40 lot acres
    OFF-MARKET
    Value Estimation
    $4,985,000
    Last Sale
    Sep 09, 2021
    $4,290,632
    Location Intelligence
    Property ID
    US38-1456344
    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

    • Turn key restaurants

    Property Details for 317 Salem St

    Year built
    1999
    Construction
    FRAME
    Lot size
    6.40 lot acres
    Property size
    5,440 SF
    Zone code
    RB
    Property type
    Turn key restaurants
    APN
    LYNF M:0051 B:0000 L:2245
    APU
    LYNFM0051B0000L2245

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $5,440,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,430,000
      6.5%
      $3,845,000
      7%
      $4,370,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,740,000
      Geo Method
      $3,625,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $4,295,000
      Retail
      $4,485,000
      Mixed-Use
      $3,840,000
      Hospitality
      $4,430,000
      Educational
      $3,635,000
      Residential Income
      $3,900,000
      Energy
      $4,635,000
      Income-Based Land
      $4,580,000
      Food Service
      $4,290,000

    Location Insight

    • Map
    • Local Demand
    City
    Lynnfield
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.0243
    Latitude
    42.5119
    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
    $40,087
    $1,366,500
    $861,800
    $2,228,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      10,923 SF

      215 Broadway

      RESTAURANT • 10,923 SF
      215 Broadway, Lynnfield, MA 01940-2313
      View Details
    • Value Estimation
      $1,835,000
      2,105 SF

      8 Broadway

      GAS STATION • 2,105 SF
      8 Broadway, Lynnfield, MA 01940-2310
      View Details
    • Value Estimation
      $435,000
      1,134 SF

      618 Salem St

      RETAIL STORES (PERSONAL SERVICES) • 1,134 SF
      618 Salem St, Lynnfield, MA 01940-2324
      View Details
    • Value Estimation by Request
      26,915 SF

      275 Broadway

      VEHICLE SALES, RENTALS • 26,915 SF
      275 Broadway, Lynnfield, MA 01940-2313
      View Details
    • Value Estimation by Request
      46,377 SF

      385 Broadway

      VEHICLE SALES, RENTALS • 46,377 SF
      385 Broadway, Lynnfield, MA 01940-2315
      View Details
    • Value Estimation by Request
      6,713 SF

      449 Broadway

      RETAIL STORES (PERSONAL SERVICES) • 6,713 SF
      449 Broadway, Lynnfield, MA 01940-2378
      View Details

    Similar Nearby for Sale

    • $319,900

      Updated Office Space in Lynnfield

      Professional office space with reception, conference area, and private offices.
      220 Broadway 304, Lynnfield, MA 01940
      View Details
    • $1,199,888
      0.57 Acres

      Lynnfield Commercial Property with Greenhouse

      Commercial property with single-family home and greenhouse on Route 1.
      344 Broadway, Lynnfield, MA 01940
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      58,783 SF

      Retail Space Near MarketStreet

      Retail space abutting MarketStreet with high traffic count.
      425 Walnut St, Lynnfield, MA 01940
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space in Lynnfield Shoppes

      2,000 SF end cap space available at Lynnfield Shoppes.
      24 Broadway, Lynnfield, MA 01940
      View Details
    • Contact for pricing
      64,056 SF

      Retail End Cap Space Available

      2,000 SF end cap space at Lynnfield shopping center.
      24-38 Broadway, Lynnfield, MA 01940
      View Details
    • $18 SF/Yr

      Charming Office Space For Lease

      Office space near Market Street with easy highway and airport access.
      7 Kimball Ln, Lynnfield, MA 01940
      View Details

    Property Visit Statistics

    • Visits by month
      10.4k
    • Visitors by month
      8.7k
    • Avg Time on site
      69 min
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    317 Salem St
    Lynnfield, MA 01940-2328
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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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