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Property profile & analytics
OFF-MARKET
Auto shops
5 Greenledge St, Salem, MA 01970-1827
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US38-1301263
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1970
Construction
STEEL FRAME
Total area
9,600 SF
Lot
0.44 ac (19,358 SF)
Zoning code
I
APN
SALE M:08 L:0136
UPID
US38-1301263
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
-
SERVPRO of Salem / Peabody / Marblehead Hardware & Home Improvement Construction Company
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
5 Geenledge St Salem Ma · 6 yrs held
5 Geenledge St Salem Ma
since 2020
Last sale
$365,000
7 recorded transactions
Zoning & alternative use
I · 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
$23,420
Tax year 2024
Assessed value
$988,600
Assessed 2024
Previous assessed
$988,600
+0.0% YoY
Effective rate
2.37%
On assessed value
Assessed land
$622,900
Assessed improvement
$365,700
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1970
Construction
STEEL FRAME
Heating
SPACE
Buildings
1
Stories
1
Units
1
Bathrooms
3
Total area
9,600 SF
Lot
0.44 ac (19,358 SF)
Zoning code
I
APN
SALE M:08 L:0136
UPID
US38-1301263
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.
Building & site characteristics
From public records
Year built
1970
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Buildings
1
Units
1
Bathrooms
3
Lot
0.44 ac
Current owner
From public records · entity-resolved
5 Geenledge St Salem Ma
Individual
Mailing address
73 WASHINGTON RD, RYE, NH 03870-2439
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2020
$1,000,000
5 Geenledge St Salem Ma
309-311 Highland Ave LLC
Quit Claim Deed
$1,168,750 · Keybank USA
Aug 13, 2019
—
309-311 Highland Ave LLC
303r Highland Ave LLC
Quit Claim Deed
related
—
Aug 30, 2000
—
Stutz Plaisted
—
Deed Of Trust
related
$495,000 · Gary Needham
Sep 25, 1997
$365,000
Stutz Plaisted
Hewitt,elliot E
Grant Deed
—
Jul 11, 1989
—
Greenledge Nom RT
—
Deed Of Trust
related
$1,325,000 · George Peabody Cp Bk
Nov 4, 1987
—
Anarpet Rlty Corp
—
Deed Of Trust
related
$75,000 · Gary Needham
Aug 24, 1987
—
Greenledge Nominee RT
—
Deed Of Trust
related
$57,600 · George Peabody Cp Bk
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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