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Property profile

38 Norman St Salem, MA 01970

OFF-MARKET
Parking lots & garages
Property ID
US38-0728059
2,016 SF 0.32 ac lot Built 1945
Last sale Jul 2022 · $1,210,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional Class A commercial property, located at 38 Norman Street in Salem, Massachusetts, offers 2,890 square feet of versatile space ideal for retail, restaurant, or special purpose uses. Situated on a 0.35-acre lot, this single-tenant building boasts new construction and is conveniently located near Salem's airport. The property features modern amenities including elevators, making it an attractive option for a variety of businesses. The building's prime location within Salem…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$19k
Tax billed · 2024
Assessed value$818k
Assessed land$664k
Assessed improvement$154k
Effective rate2.37%

Value estimate

· Nov 2026
$1.36M
$1.22M – $1.49M
AI approach$1.35M

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B3
JurisdictionSALEM

Location intelligence

Which uses thrive at this corner?
Best fit: Locksmith
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Locksmith10.2
Butcher8.8
Dry Cleaner8.7

Location

38 Norman St Salem, MA 01970-3331
County assessor Recorded deeds · 7 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
97 Ocean, Salem, MA 01970-4640 $750,000 Dec 2024 2,400 SF
307 Highland, Salem, MA 01970 $1,075,000 Dec 2024 1,305 SF
25 Boston, Salem, MA 01970-2103 $550,000 Feb 2024 2,904 SF
119 Webb, Salem, MA 01970-4018 $131,000 Jan 2022 1,800 SF
43 Essex, Salem, MA 01970-5256 $200,000 Mar 2021 1,512 SF
53 Canal, Salem, MA 01970-4843 $475,000 Sep 2019 1,554 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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