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Property profile & analytics
OFF-MARKET
Retail space
40 Boston St Salem, MA 01970-2146
Entity Owned
~
Est. High Equity
Property ID
US38-2303846
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Construction
STEEL FRAME
Total area
2,000 SF
Lot
0.06 ac (2,540 SF)
Zoning code
R2
APN
SALE M:25 L:0059
UPID
US38-2303846
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
-
Minit-Print, Inc. (Bike/Boat/Book/etc) Store Printing Service
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
40 Boston Street LLC
40 Boston Street LLC
since 2025
Last sale
$450,000
7 recorded transactions
Zoning & alternative use
R2 · Salem, 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 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
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
$10,009
Tax year 2024
Assessed value
$422,500
Assessed 2024
Previous assessed
$422,500
+0.0% YoY
Effective rate
2.37%
On assessed value
Assessed land
$215,900
Assessed improvement
$206,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1900
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
2,000 SF
Lot
0.06 ac (2,540 SF)
Zoning code
R2
APN
SALE M:25 L:0059
UPID
US38-2303846
Jurisdiction
SALEM
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
R2 · Salem, MA
Zoning R2 · permitted uses
R2 · Salem, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Salem. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1900
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
0.06 ac
Current owner
From public records · entity-resolved
40 Boston Street LLC
Entity
Mailing address
40 BOSTON ST, SALEM, MA 01970-2146
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2025
$450,000
40 Boston Street LLC
40 Boston Street RT
Deed
$360,000 · Salem Five Cents Savings Bank
Mar 26, 2008
$335,000
40 Boston Street RT
Chasse,patrick A
Grant Deed
$230,000 · North Shore Bank
Jan 30, 2006
$1
Peter G Skouras
Chasse,michelle L
Grant Deed
related
—
Jan 30, 2006
$261,000
Patrick Chasse
Duco Assoc INC
Grant Deed
related
$220,000 · Zwi Kohorn
Jan 4, 2006
—
Peter G Skouras
—
Deed Of Trust
related
$23,000 · Patrick Chasse
Apr 2, 2004
—
Peter G Skouras
—
Deed Of Trust
related
$60,000 · Eric Yellin
Mar 15, 2004
$142,000
Peter G Skouras
Chasse,michelle L
Grant Deed
$165,000 · Duco Assoc
Dec 21, 1999
$105,500
Patrick A Chasse
Berube,philip H
Grant Deed
$95,000 · Beverly National Bank
Apr 14, 1989
$170,000
Philip H Berube
Wouralis,peter
Grant Deed
$136,000 · Heritage Cp Bank
Jul 31, 1987
$125,000
Peter Wouralis
Roman Catholic
Grant Deed
$128,000 · Century No Shore B&t
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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