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Property profile & analytics
OFF-MARKET
Estimated value
$10,845,000
Investment properties
45 Traders Way, Salem, MA 01970-2779
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US38-1541586
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2021
Total area
38,440 SF
Lot
8.95 ac (389,862 SF)
Zoning code
I
APN
SALE M:08 L:0159
UPID
US38-1541586
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
-
Traders Row Apartment Building Apartment Complex
-
Farquhar and Black Insurance Agency Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.98M
Comparable Approach
Comparable
$10.03M
Blend (final)
Blend
$10.85M
Owner & transaction history
Traders Way Res Hldgs · 7 yrs held
Traders Way Res Hldgs
since 2018
4 recorded transactions
Zoning & alternative use
I · Salem, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$13.3M
+24.8%
Apartment house (5+ units)
$12.3M
+15.6%
Office building
$11.0M
+3.7%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$12,975,000
6.5%
$11,975,000
7%
$11,120,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$10,635,000
Current use
RESTAURANT
$13,270,000
Change: +25% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$12,290,000
Change: +16% · Conversion: Moderate
OFFICE BUILDING
$11,025,000
Change: +4% · Conversion: Easy
AUTO REPAIR, GARAGE
$9,210,000
Change: -13% · Conversion: Difficult
RETAIL STORES
$8,550,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$10.85M
Range $9.76M – $11.93M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$282 / SF
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 2020Property tax & assessments
Tax year 2020
Tax billed
$24,845
Tax year 2020
Assessed value
$38,709,400
Assessed 2024
Previous assessed
$38,709,400
+0.0% YoY
Effective rate
0.06%
On assessed value
Assessed land
$15,476,000
Assessed improvement
$23,233,400
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
2021
Heating
FORCED AIR
Cooling
YES
Buildings
7
Stories
4
Units
212
Total area
38,440 SF
Lot
8.95 ac (389,862 SF)
Zoning code
I
APN
SALE M:08 L:0159
UPID
US38-1541586
Jurisdiction
SALEM
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
I · Salem, MA
Zoning I · permitted uses
I · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$10.6M
RESTAURANT
Est. value
$13.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$12.3M
OFFICE BUILDING
Est. value
$11.0M
AUTO REPAIR, GARAGE
Est. value
$9.2M
RETAIL STORES
Est. value
$8.6M
COMMERCIAL (GENERAL) Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2021
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
7
Units
212
Lot
8.95 ac
Current owner
From public records · entity-resolved
Traders Way Res Hldgs
Individual
Mailing address
150 PRESIDENTIAL WAY STE #220, WOBURN, MA 01801-1121
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2022
—
Traders Way Res Hldg LLC
—
Deed
related
$52,000,000 · First Republic Bank
Nov 9, 2020
—
Traders Way Res Hldg LLC
—
Deed
related
$45,800,000 · Key Bank NA
Dec 28, 2018
$4,200,000
Traders Way Res Hldgs
Lyman RT
Quit Claim Arm's Length For Ne States
$7,000,000 · Salem Five Cents Savings Bank
Dec 28, 2018
—
Lyman RT Trust
Salem-traders Way Realty
Quit Claim Deed
related
—
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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