$579,900 2,434 SF

47 Federal St, Salem, MA 01970
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This well-situated office building has been used as an attorney-at-law office and is configured for professional office use. The interior layout includes multiple private offices, a reception area, a conference room, and a law library, along with two half bathrooms and two small kitchen areas. Central air conditioning serves the building. The property is located directly across from the courthouse, with nearby access to a train location and a parking garage. Off-street parking is provided,…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?

$11k

Tax billed · 2024

Assessed value$444k

Assessed land$210k

Assessed improvement$234k

Effective rate2.37%

Value estimate

· Oct 2026

$325k

$293k – $358k

Submarket $/SF estimate$848k

NOI build-up

Gross scheduled income$81k

Vacancy & credit loss−$15k

Operating expenses−$17k

NOI · 8.59% cap applied$50k

Realmo valuation models over county records and 23 qualifying comparable sales.

Recently sold

What actually traded nearby?

$287/SF

ZIP average, outlier-cleaned · 32 recorded sales of this use type

Observed band · Q1–Q3$150 – $396

Qualifying comparables23

Cap rate analysis

How does the asset earn?

8.59%

$50k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?

Applicability to Central Business (B5) Zoning District: For projects in the Central Business (B5) District, this Section 8.9 shall be app...

General categoryUNKNOWN

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

Computer & Electronic Repair8.7

47 Federal St Salem, MA 01970

County assessor Recorded deeds · 7 transfers 23 qualifying comp sales 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 · 15 properties nearby

Address Sale price Sold Size

167 Boston, Salem, MA 01970-1430 $630,000 Jan 2025 2,834 SF

193 Jefferson, Salem, MA 01970-2958 $675,000 Jun 2024 2,248 SF

560 Loring, Salem, MA 01970-4236 $650,000 Feb 2024 2,076 SF

165 Boston, Salem, MA 01970-1430 $425,000 Apr 2022 2,400 SF

564 Loring, Salem, MA 01970-4276 $500,000 Oct 2020 2,496 SF

291 Jefferson, Salem, MA 01970-2834 $320,000 May 2019 2,755 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

Value Estimation
$745,000

2,456 SF

81 Webb St

OFFICE BUILDING

81 Webb St, Salem, MA 01970-4046

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Value Estimation
$455,000

2,400 SF

165 Boston St

OFFICE BUILDING

165 Boston St, Salem, MA 01970-1430

View Details
Value Estimation
$675,000

2,248 SF

193 Jefferson Ave

OFFICE BUILDING

193 Jefferson Ave, Salem, MA 01970-2958

View Details
Value Estimation
$1,125,000

2,734 SF

66 Loring Ave

OFFICE BUILDING

66 Loring Ave, Salem, MA 01970-4538

View Details
Value Estimation
$865,000

2,755 SF

291 Jefferson Ave

OFFICE BUILDING

291 Jefferson Ave, Salem, MA 01970-2834

View Details
Value Estimation
$605,000

2,834 SF

167 Boston St

OFFICE BUILDING

167 Boston St, Salem, MA 01970-1430

View Details

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