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    Property profile & analytics

    40 Policy St Salem, NH 03079-2901

    • Office buildings
    • 1,648 SF
    • 0.82 lot acres
    OFF-MARKET
    Value Estimation
    $255,000
    Location Intelligence
    Property ID
    US58-0080532
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • New Hampshire Sunrooms / Sunroom Contractor
    • Four Seasons Sunrooms / Sunroom Contractor / Window Installation Service

    Property Details for 40 Policy St

    Year built
    1979
    Construction
    FRAME
    Lot size
    0.82 lot acres
    Property size
    1,648 SF
    Zone code
    RES
    Property type
    Office buildings
    APN
    SLEM M:97 B:4000 L:
    APU
    SLEMM97B4000L

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $275,000

    • CAP approach

      CAP return
      Estimation
      6%
      $205,000
      6.5%
      $185,000
      7%
      $190,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $210,000
      Geo Method
      $180,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $215,000
      Retail
      $210,000
      Mixed-Use
      $220,000
      Hospitality
      $200,000
      Educational
      $230,000
      Residential Income
      $190,000
      Energy
      $195,000
      Income-Based Land
      $230,000
      Food Service
      $195,000

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Rockingham
    State
    New Hampshire
    Longitude
    -71.2393
    Latitude
    42.7752
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,457
    $217,000
    $163,700
    $380,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
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      OFFICE BUILDING • 47,240 SF
      23-25 Keewaydin Dr, Salem, NH 03079
      View Details
    • Value Estimation by Request
      4,022 SF

      2 Main St

      OFFICE BUILDING • 4,022 SF
      2 Main St, Salem, NH 03079-1945
      View Details
    • Value Estimation by Request
      5,588 SF

      215 Main St

      OFFICE BUILDING • 5,588 SF
      215 Main St, Salem, NH 03079-3187
      View Details
    • Value Estimation
      $315,000
      2,129 SF

      2 Pleasant St

      OFFICE BUILDING • 2,129 SF
      2 Pleasant St, Salem, NH 03079-2907
      View Details
    • Value Estimation by Request
      8,609 SF

      19 Main St

      OFFICE BUILDING • 8,609 SF
      19 Main St, Salem, NH 03079-1988
      View Details
    • Value Estimation by Request
      6,869 SF

      22 Main St

      OFFICE BUILDING • 6,869 SF
      22 Main St, Salem, NH 03079-5900
      View Details

    Similar Nearby for Sale

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      Office-warehouse space with loading dock, suitable for various businesses.
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    • Contact for pricing
      0.45 Acres

      Salem Office Suite - Main Street

      Move-in ready office suite, prime location.
      289 Main St, Salem, NH 03079
      View Details
    • Contact for pricing
      21,887 SF

      with a longer lease term available. Existing furniture

      fixtures & equipment may be negotiable (a list is forthcoming). Future renovations at the expense of the new tenant and subject to prior approval by the owner\/landlord and Town officials. Uses must be complimentary with existing businesses at Eastpointe Plaza. This information was secured from sources deemed reliable
      130 Main St, Salem, NH 03079
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    • Contact for pricing
      10,496 SF

      Salem Medical Office Building

      10,496 SF Medical Office, 100% Occupancy
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    • New
      $255,000

      Updated Condo Office Suite

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    Similar Nearby for Lease

    • $25 SF/Yr
      11,333 SF

      First-Class Office Space in Salem

      First-class office space with tax credits, near I-93.
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      View Details
    • $28 SF/Yr
      46,675 SF

      Salem Medical Office Space for Lease

      Class A medical office, 1,439 SF available
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      View Details
    • $15 SF/Yr
      4,000 SF

      Freestanding Office Space Near I-93

      Office space with highway access, near Boston express bus.
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    • $16 SF/Yr
      2,450 SF

      Salem Office Suite Sublease

      Professional office suite for sublease in Salem, NH.
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    • $15 SF/Yr
      5,425 SF

      Professional Office Space For Lease

      5,425+/- sq ft professional office space for lease.
      25 Pelham Rd, Salem, NH 03079
      View Details
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    40 Policy St
    Salem, NH 03079-2901
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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