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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Commercial land
322 Broadway Salem, NH 03079-4526
Entity Owned
26-yr Hold
~
Est. High Equity
Property ID
US58-0405300
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1946
Total area
2,405 SF
Lot
0.6 ac (26,136 SF)
Zoning code
CIC
APN
SLEM M:136 B:227 L:
UPID
US58-0405300
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
-
Taco Bell Restaurant Take-out & Catering
-
Long John Silver's | Taco Bell Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$345k
Comparable Approach
Comparable
$513k
Blend (final)
Blend
$525k
Owner & transaction history
Larrys Country Sq LLC · 26 yrs held
Larrys Country Sq LLC
since 1999
4 recorded transactions
Zoning & alternative use
CIC · Salem, NH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$635,000
+14.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$375,000
6.5%
$345,000
7%
$320,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$555,000
Current use
AUTO REPAIR, GARAGE
$635,000
Change: +14% · Conversion: Difficult
RETAIL STORES
$520,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$525k
Range $473k – $578k · ±10%
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
$218 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$11,757
Tax year 2023
Assessed value
$693,200
Assessed 2023
Previous assessed
$693,200
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$693,200
Applied tax rate
66,660.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1946
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
2,405 SF
Lot
0.6 ac (26,136 SF)
Zoning code
CIC
APN
SLEM M:136 B:227 L:
UPID
US58-0405300
Jurisdiction
SALEM TOWN
Metro division
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH METROPOLITAN DIVISION
Zoning & alternative use
CIC · Salem, NH
Zoning CIC · permitted uses
CIC · Salem, NH
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
COMMERCIAL (GENERAL) Current
Est. value
$555,000
AUTO REPAIR, GARAGE
Est. value
$635,000
RETAIL STORES
Est. value
$520,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
1946
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.6 ac
Current owner
From public records · entity-resolved
Larrys Country Sq LLC
Entity
Mailing address
826 E MAIN ST, FRANKFORT, KY 40601-2567
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 22, 2013
—
Charter Foods North LLC
—
Deed Of Trust
related
$31,100,000 · Worth Funding INC
Jul 28, 1999
$330,000
Larrys Country Sq LLC
Senabunyarit,vuttichal
Warranty Deed
$785,000 · Andover Bank
—
—
Charter Foods North LLC
—
Loan Modification
related
$100,006,896 · Regions Fin'l
—
—
Charter Foods North LLC
—
Loan Modification
related
$70,000,000 · Regions Fin'l
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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