Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    400 Highland Ave Salem, MA 01970-7003

    • Super regional malls
    • 45,208 SF
    • 3.95 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US38-0093777
    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

    • H&R Block / Tax Preparation Service / Accountant
    • April's II Restaurant / Breakfast Restaurant / Restaurant
    • Sola Salon Studios / Beauty Salon / Barber Shop
    • Hair Avenue / Beauty Salon
    • Hair_by_Yesenia at Sola Salon / Hair Salon

    Property Details for 400 Highland Ave

    Year built
    1995
    Construction
    STEEL FRAME
    Lot size
    3.95 lot acres
    Property size
    45,208 SF
    Zone code
    BPD
    Property type
    Super regional malls
    APN
    SALE M:03 L:0005
    APU
    SALEM03L0005

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.9336
    Latitude
    42.496
    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
    2024
    $178,798
    $4,026,300
    $3,521,100
    $7,547,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      22,541 SF

      424 Essex St

      REGIONAL SHOPPING CENTER, MALL • 22,541 SF
      424 Essex St, Salem, MA 01970-3152
      View Details
    • Value Estimation by Request
      15,619 SF

      600 Loring Ave

      REGIONAL SHOPPING CENTER, MALL • 15,619 SF
      600 Loring Ave, Salem, MA 01970-4264
      View Details
    • Value Estimation by Request
      47,476 SF

      3 Paradise Rd, Unit 25

      REGIONAL SHOPPING CENTER, MALL • 47,476 SF
      3 Paradise Rd, Salem, MA 01970-4229
      View Details
    • Value Estimation by Request
      109,438 SF

      440 Highland Ave

      REGIONAL SHOPPING CENTER, MALL • 109,438 SF
      440 Highland Ave, Salem, MA 01970-1765
      View Details
    • Value Estimation by Request
      117,032 SF

      2 India Sq Mall

      REGIONAL SHOPPING CENTER, MALL • 117,032 SF
      2 India Sq Mall, Salem, MA 01970-3700
      View Details
    • Value Estimation by Request
      48,587 SF

      17 Paradise Ave

      Neighborhood centers • 48,587 SF
      17 Paradise Ave, Salem, MA 01970
      View Details

    Similar Nearby for Sale

    • $699,000
      3,300 SF

      Mixed-Use Building in Salem Market

      Mixed-use commercial building with high traffic location near Salem Station.
      149 North St, Salem, MA 01970
      View Details
    • Contact for pricing

      High-Visibility Commercial Space in Salem

      Commercial space in Salem near downtown and commuter rail.
      97 Bridge St, Salem, MA 01970
      View Details
    • $100,000

      Established Dry Cleaning Business For Sale

      Turnkey dry cleaning business with 40+ year history in Salem.
      84 Highland Ave, Salem, MA 01970
      View Details
    • $875,000
      3,660 SF

      Salem Commercial Property with Parking

      Multi-tenant Salem commercial building with on-site parking for sale.
      97 Boston St, Salem, MA 01970
      View Details
    • $150,000

      Established Polish Deli For Sale

      Profitable Polish deli established in 2001, available for sale.
      176 Essex St, Salem, MA 01970
      View Details
    • $390,000
      1,106 SF

      Salem Train Station Storefront

      Prime Salem location, 1,106 sq ft, high traffic.
      280 Bridge St, Salem, MA 01970
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Vinnin Square

      Retail space with excellent parking and visibility in Salem.
      17 Paradise Ave, Salem, MA 01970
      View Details
    • Contact for pricing
      3,549 SF

      Retail Space in Vinnin Square

      Retail space with excellent parking and visibility in Salem.
      3-21 Paradise Rd, Salem, MA 01970
      View Details
    • $30 SF/Yr
      2,890 SF

      Salem Airport Retail Space

      Prime Salem location, 2890 sq ft, new construction.
      38 Norman St, Salem, MA 01970
      View Details
    • $27 SF/Yr
      1,106 SF

      Salem Train Station Storefront

      Freestanding Commercial Space, High Traffic
      280 Bridge St, Salem, MA 01970
      View Details
    • Contact for pricing

      Retail Space on Route 107

      Retail space available now at a busy intersection.
      Salem, MA 01970
      View Details
    • $2,200 /Mo

      Luxury Salon Space in Salem

      Fully furnished salon space with photography set available for rent.
      107 North St, Salem, MA 01970
      View Details

    Property Visit Statistics

    • Visits by month
      11.8k
    • Visitors by month
      10.8k
    • Avg Time on site
      22 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    400 Highland Ave
    Salem, MA 01970-7003
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.