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Property profile & analytics
OFF-MARKET
Estimated value
$7,095,000
Showrooms
53 Mason St 59 Salem, MA 01970-2264
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US38-1337618
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1930
Construction
STEEL FRAME
Total area
53,660 SF
Lot
2.1 ac (91,476 SF)
Zoning code
NRCC
APN
SALE M:26 L:0090
UPID
US38-1337618
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
-
White Wolf Fitness Gym & Fitness Center
-
Martial Arts Research Institute LLC Training Center Sports School
-
Grind Factory Sports Field & Court Sports School
-
A Quest Actor's Studio Theater & Performing Art Venue Vocational School
-
C A D Dental Ceramics Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.82M
Blend (final)
Blend
$7.10M
Owner & transaction history
53-59 Mason Street LLC · 6 yrs held
53-59 Mason Street LLC
since 2020
5 recorded transactions
Zoning & alternative use
NRCC · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.10M
Range $6.39M – $7.80M · ±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
$132 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$66,512
Tax year 2024
Assessed value
$2,807,600
Assessed 2024
Previous assessed
$2,807,600
+0.0% YoY
Effective rate
2.37%
On assessed value
Assessed land
$724,500
Assessed improvement
$2,083,100
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1930
Construction
STEEL FRAME
Heating
STEAM
Buildings
1
Stories
1
Units
11
Bathrooms
6
Total area
53,660 SF
Lot
2.1 ac (91,476 SF)
Zoning code
NRCC
APN
SALE M:26 L:0090
UPID
US38-1337618
Jurisdiction
SALEM
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
NRCC · Salem, MA
Zoning NRCC · permitted uses
NRCC · 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
1930
Construction
STEEL FRAME
Heating
STEAM
Stories
1
Buildings
1
Units
11
Bathrooms
6
Lot
2.1 ac
Current owner
From public records · entity-resolved
53-59 Mason Street LLC
Entity
Mailing address
5 BRISCOE ST STE #2, BEVERLY, MA 01915-4532
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2022
—
53-59 Mason Street LLC
—
Deed
related
$3,200,000 · Haverhill Bank
Feb 10, 2020
—
53-59 Mason Street LLC
Long Game LLC
Quit Claim Deed
related
$2,625,000 · Salem Five Cents Savings Bank
Jul 2, 2019
$3,500,000
Long Game LLC
Mason
Quit Claim Deed
—
Jul 23, 2007
$1
Mason Rlty Assoc LLC
Mason RT
Grant Deed
—
Jun 7, 1988
—
Mason RT
—
Deed Of Trust
related
$600,000 · Beverly Svgs 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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