Property profile

36 Market St Salem, NJ 08079

OFF-MARKET
Commercial real estate
Property ID
US59-0396748
1.7 ac lot Built 1960
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a portfolio of three commercial buildings situated on a sizable 1.7-acre lot at 36 Market Street in Salem, New Jersey. The property boasts a total of approximately 18,227 square feet of rentable space, currently generating nearly $59,000 in annual rental income from long-term tenants. The main building, a substantial 11,403 square foot structure, functions as an established antique mall/consignment store, equipped with a security system including an alarm and monitored fire alarm. A second building, encompassing 1,824 square feet, is a sturdy block building featuring overhead doors and 3-phase electric service

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1960
Lot 1.7 ac (74,052 SF)
APN 13 00016-0000-00009
UPID US59-0396748

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
  • Home Decor Store (Bike/Boat/Book/etc) Store
  • Auto Repair Shop

Location

36 Market St Salem, NJ 08079-1902
Salem metro Census 21900 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$345k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2025
Last sale
$300,000
7 recorded transactions
2025
$300,000
2020
Price N/A
2017
Price N/A
1999
$189,000
1969
Price N/A
1969
Price N/A
1969
Price N/A

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
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