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    Property profile & analytics

    5 Summer St Salem, MA 01970

    • Hotels
    • 15,276 SF
    • 0.20 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Mar 18, 2021
    Location Intelligence
    Property ID
    US38-1684729
    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

    • Hotels

    Property Details for 5 Summer St

    Year built
    1900
    Construction
    FRAME
    Lot size
    0.20 lot acres
    Property size
    15,276 SF
    Zone code
    B5
    Property type
    Hotels
    APN
    SALE M:26 L:0459
    APU
    SALEM26L0459

    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
    -70.8983
    Latitude
    42.521
    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
    $44,485
    $409,200
    $1,468,600
    $1,877,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      4,705 SF

      15 Summer St

      HOTEL-RESORT • 4,705 SF
      15 Summer St, Salem, MA 01970-3315
      View Details
    • Value Estimation
      $145,000
      5,312 SF

      331 Essex St

      HOTEL-RESORT • 5,312 SF
      331 Essex St, Salem, MA 01970-3262
      View Details
    • Value Estimation
      $4,900,000
      7,449 SF

      150 Washington St

      HOTEL • 7,449 SF
      150 Washington St, Salem, MA 01970
      View Details
    • Value Estimation by Request
      27,900 SF

      203 Essex St

      HOTEL • 27,900 SF
      203 Essex St, Salem, MA 01970-3727
      View Details
    • Value Estimation by Request
      72,314 SF

      18 Washington Sq

      HOTEL • 72,314 SF
      18 Washington Sq, Salem, MA 01970-4056
      View Details
    • Value Estimation by Request
      136.79 Acres

      19 Kernwood St

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 136.79 Acres
      19 Kernwood St, Salem, MA 01970
      View Details

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    Similar Nearby for Lease

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    • Contact for pricing

      Retail Space on Route 107

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      Waterfront Business Center Office Space

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    5 Summer St
    Salem, MA 01970
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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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