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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Commercial real estate
331 Highland Ave 333 Salem, MA 01970-7006
Individually Owned
38-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US38-1581287
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
2.02 ac (87,991 SF)
Zoning code
BP
APN
SALE M:07 L:0073
UPID
US38-1581287
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
-
Dr. Irena Danic Physician
-
Diane Dube Physician
-
Lydie Pani Physician
-
Meaghan M Kearns Physician
-
Anil Dubey Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$535k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$535k
Owner & transaction history
RT Hutchinson · 38 yrs held
RT Hutchinson
since 1987
5 recorded transactions
Zoning & alternative use
BP · Salem, MA
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
$535,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
—
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 2020Property tax & assessments
Tax year 2020
Tax billed
$95,204
Tax year 2020
Assessed value
$3,970,800
Assessed 2024
Previous assessed
$3,970,800
+0.0% YoY
Effective rate
2.40%
On assessed value
Assessed land
$1,938,700
Assessed improvement
$2,032,100
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 real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Cooling
YES
Buildings
2
Units
3
Lot
2.02 ac (87,991 SF)
Zoning code
BP
APN
SALE M:07 L:0073
UPID
US38-1581287
Jurisdiction
SALEM
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
BP · Salem, MAZoning BP · permitted uses
BP · Salem, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
zoning ordinance
Building & site characteristics
From public records
Heating
NONE
Cooling
Yes
Buildings
2
Units
3
Lot
2.02 ac
Current owner
From public records · entity-resolved
RT Hutchinson
Individual
Mailing address
333 HIGHLAND AVE, SALEM, MA 01970-1738
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1987
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2007
—
RT Hutchinson
—
Deed Of Trust
related
$2,950,000 · Salem Five Cents Savings Bank
Nov 20, 1996
—
RT Hutchinson
—
Deed Of Trust
related
$2,100,000 · Salem Five Cents Savings Bank
Sep 19, 1988
—
RT Hutchinson
—
Deed Of Trust
related
$2,400,000 · Shawmut Bank Of Boston
Sep 23, 1987
—
RT Hutchinson
—
Deed Of Trust
related
$2,400,000 · Shawmut Merchant Bk
Sep 22, 1987
$200,000
RT Hutchinson
Mcauliffe,philip J
Grant Deed
—
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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