Property profile

359 Salem St Wakefield, MA 01880

OFF-MARKET
Office buildings
Property ID
US38-0931885
4,908 SF 0.37 ac lot Built 1998
Entity Owned 17-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1998
Construction FRAME
Total area 4,908 SF
Lot 0.37 ac (16,017 SF)
Zoning code B
APN WAKE M:000037 B:149J P:00GL16
UPID US38-0931885

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
  • (Bike/Boat/Book/etc) Store Printing Service
  • Clothing Store Service Establishment
  • Printing Service (Bike/Boat/Book/etc) Store
  • Printing Service (Bike/Boat/Book/etc) Store

Location

359 Salem St Wakefield, MA 01880-4923
Wakefield metro Census 335302 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.29M
Blend (final) Blend
$1.36M

Owner & transaction history

since 2008
5 recorded transactions
2008
Price N/A
2007
Price N/A
2006
Price N/A
2001
Price N/A
1998
Price N/A

Zoning & alternative use

B · Wakefield, MA
Zoning description

b) negotiate in good faith for shared use by third parties; c) allow shared use if an applicant for shared use agrees in writing to pay reasonable rental charges or other consideration and to pay all costs of adapting th…

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $1.4M +28.6%
Neighborhood: shopping center $1.4M +26.6%
Retail stores $1.3M +23.2%

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 359 Salem St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message