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Property profile & analytics
OFF-MARKET
Investment properties
38 Lafayette Rd Ste 3, Salisbury, MA 01952-1903
Individually Owned
23-yr Hold
~
Est. High Equity
Property ID
US38-1400250
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1985
Construction
STEEL FRAME
Total area
2,726 SF
Zoning code
LM-D
APN
SALI M: 6 P:75C
UPID
US38-1400250
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
38 Lafayette Road RT · 23 yrs held
38 Lafayette Road RT
since 2003
7 recorded transactions
Zoning & alternative use
LM-D · Salisbury, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Salisbury submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salisbury 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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 2024Property tax & assessments
Tax year 2024
Tax billed
$2,367
Tax year 2024
Assessed value
$226,500
Assessed 2024
Previous assessed
$226,500
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed improvement
$226,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1985
Construction
STEEL FRAME
Heating
SPACE
Buildings
1
Stories
2
Rooms
1
Bathrooms
2
Total area
2,726 SF
Zoning code
LM-D
APN
SALI M: 6 P:75C
UPID
US38-1400250
Jurisdiction
SALISBURY
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
LM-D · Salisbury, MA
Zoning LM-D · permitted uses
LM-D · Salisbury, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Salisbury. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1985
Construction
STEEL FRAME
Heating
SPACE
Stories
2
Buildings
1
Rooms
1
Bathrooms
2
Current owner
From public records · entity-resolved
38 Lafayette Road RT
Individual
Mailing address
3 MELROSE ST, AMESBURY, MA 01913-2636
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2003
$425,000
38 Lafayette Road RT
Cutrone RT
Grant Deed
$230,000 · Provident Bank INC
Apr 16, 2003
—
38 Lafayette Road RT
—
Deed Of Trust
related
$200,000 · Cutrone RT
Jul 2, 1998
$65,000
RT Cutrone
Newburyport 5 Cent Sb
Grant Deed
—
Jul 2, 1998
—
RT Cutrone
—
Deed Of Trust
related
$141,000 · Newburyport Five Cent
Mar 5, 1998
—
Demolition Realty Corp
—
Deed Of Trust
related
$53,768 · Newburyport Five Cent
Feb 28, 1996
—
Demoliton Realty Corp
—
Deed Of Trust
related
$21,299 · Robert Ducott JR
Sep 1, 1995
$79,500
Demolition Realty Corp
Artifex RT
Grant Deed
$55,650 · Newburyport Five Cent
May 19, 1992
—
RT Cutrone
—
Deed Of Trust
related
$87,000 · Gary Needham
Dec 30, 1991
—
Artifex RT
—
Deed Of Trust
related
$190,000 · Newburyport Five Cent
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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