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    518 Salem St Wakefield, MA 01880-1212

    • Turn key restaurants
    • 1,832 SF
    • 1.62 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US38-0820735
    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

    • Dunkin' / Bakery / Breakfast Restaurant

    Property Details for 518 Salem St

    Year built
    2007
    Construction
    FRAME
    Lot size
    1.62 lot acres
    Property size
    1,832 SF
    Zone code
    B
    Property type
    Turn key restaurants
    APN
    WAKE M:00039A B:0105 P:000014
    APU
    WAKEM00039AB0105P000014

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wakefield
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.0419
    Latitude
    42.5117
    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
    $33,084
    $969,200
    $555,400
    $1,524,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $280,000
      700 SF

      311 Salem St

      RESTAURANT • 700 SF
      311 Salem St, Wakefield, MA 01880
      View Details
    • Value Estimation by Request
      7,917 SF

      1099 Main St

      RESTAURANT • 7,917 SF
      1099 Main St, Wakefield, MA 01880-4103
      View Details
    • Value Estimation
      $335,000
      1,163 SF

      57 Water St

      RESTAURANT • 1,163 SF
      57 Water St, Wakefield, MA 01880-3007
      View Details
    • Value Estimation by Request
      7,658 SF

      402-406 Main St

      RESTAURANT • 7,658 SF
      402-406 Main St, Wakefield, MA 01880
      View Details
    • Value Estimation by Request
      3,065 SF

      17-19 Water St

      RESTAURANT • 3,065 SF
      17-19 Water St, Wakefield, MA 01880
      View Details
    • Value Estimation by Request
      1,575 SF

      144 Lowell St

      RESTAURANT • 1,575 SF
      144 Lowell St, Wakefield, MA 01880
      View Details

    Similar Nearby for Sale

    • $89,900

      Established Seafood and Roast Beef

      Thriving seafood and roast beef shop in prime location.
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      Turn-Key Office Building in Wakefield

      Recently renovated office building in downtown Wakefield with on-site parking.
      36 W Water St, Wakefield, MA 01880
      View Details
    • $995,000

      West Side Multifamily Home

      Well-maintained multifamily home in a sought-after West Side location.
      66 Gould St, Wakefield, MA 01880
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    • $999,900

      Wakefield Multifamily Near Transportation

      Three-unit property near downtown, commuter rail, shopping, and dining.
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    Similar Nearby for Lease

    • $7,900 /Mo

      Restaurant and Bar Opportunity

      Fully built-out restaurant and bar in Wakefield, Massachusetts.
      969 Main St, Wakefield, MA 01880
      View Details
    • Contact for pricing
      3,667 SF

      Prime Wakefield Retail Space

      Restaurant/Commercial Space Available
      200-400 Quannapowitt Pkwy, Wakefield, MA 01880
      View Details
    • $272 SF/Yr
      2,000 SF

      Downtown Wakefield Office Space

      Prime Retail/Office, Single Tenant, 950 sq ft.
      209 Albion St, Wakefield, MA 01880
      View Details
    • $3,000 /Mo

      Albion Street Retail Space Available

      Renovated retail space in Albion Street business district.
      55 Albion St, Wakefield, MA 01880
      View Details
    • $22 SF/Yr

      First Floor Space with Lake View

      End-cap space with lake view, suitable for office or retail.
      607 North Ave, Wakefield, MA 01880
      View Details
    • $5,000 /Mo

      Updated Retail Space in Wakefield

      Updated retail space with great visibility in Wakefield, Massachusetts.
      239-243 North Ave, Wakefield, MA 01880
      View Details

    Property Visit Statistics

    • Visits by month
      22.5k
    • Visitors by month
      11.8k
    • Avg Time on site
      7 min
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    518 Salem St
    Wakefield, MA 01880-1212
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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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