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    Property profile & analytics

    540 Loring Ave Salem, MA 01970-4222

    • Turn key restaurants
    • 4,379 SF
    • 0.32 lot acres
    OFF-MARKET
    Value Estimation
    $2,490,000
    Last Sale
    Dec 29, 2023
    $2,500,000
    Location Intelligence
    Property ID
    US38-1712774
    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

    • Nail Spa Salon / Nail Salon / Beauty Salon
    • Periwinkles Food Shoppe / Cafe / Restaurant
    • Sun & Serenity, LLC / Tanning Salon

    Property Details for 540 Loring Ave

    Year built
    1940
    Construction
    FRAME
    Lot size
    0.32 lot acres
    Property size
    4,379 SF
    Zone code
    B2
    Property type
    Turn key restaurants
    APN
    SALE M:21 L:0007
    APU
    SALEM21L0007

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,445,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,605,000
      6.5%
      $2,600,000
      7%
      $2,460,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,685,000
      Geo Method
      $2,585,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,515,000
      Retail
      $2,795,000
      Mixed-Use
      $2,875,000
      Hospitality
      $2,365,000
      Educational
      $2,160,000
      Residential Income
      $2,925,000
      Energy
      $2,390,000
      Income-Based Land
      $2,730,000
      Food Service
      $2,830,000

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.9012
    Latitude
    42.4865
    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
    $19,035
    $491,700
    $311,800
    $803,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      12,494 SF

      283 Derby St

      RESTAURANT • 12,494 SF
      283 Derby St, Salem, MA 01970-3600
      View Details
    • Value Estimation by Request
      3,249 SF

      91 Lafayette St

      RESTAURANT • 3,249 SF
      91 Lafayette St, Salem, MA 01970-3620
      View Details
    • Value Estimation
      $2,290,000
      13,299 SF

      17 Canal St

      RESTAURANT • 13,299 SF
      17 Canal St, Salem, MA 01970-4881
      View Details
    • Value Estimation by Request
      2,600 SF

      144 Canal St

      RESTAURANT • 2,600 SF
      144 Canal St, Salem, MA 01970-4650
      View Details
    • Value Estimation
      $430,000
      2,934 SF

      105 Canal St

      RESTAURANT • 2,934 SF
      105 Canal St, Salem, MA 01970-4649
      View Details
    • Value Estimation
      $355,000
      2,128 SF

      317 Jefferson Ave

      RESTAURANT • 2,128 SF
      317 Jefferson Ave, Salem, MA 01970-4438
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Commercial space in Salem near downtown and commuter rail.
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      View Details
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      1,106 SF

      Salem Train Station Storefront

      Prime Salem location, 1,106 sq ft, high traffic.
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      Established Polish Deli For Sale

      Profitable Polish deli established in 2001, available for sale.
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      Downtown Salem Office Condo

      First floor office condo in downtown Salem for sale.
      20 Central St, Salem, MA 01970
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      Renovated Salem Triplex Near Downtown

      Turn-key, renovated triplex near downtown Salem and the beach.
      51 Ocean Ave, Salem, MA 01970
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      Spacious Mixed-Use Property in Salem

      Large mixed-use property with development potential in downtown Salem.
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    Similar Nearby for Lease

    • $27 SF/Yr
      1,106 SF

      Salem Train Station Storefront

      Freestanding Commercial Space, High Traffic
      280 Bridge St, Salem, MA 01970
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    • $30 SF/Yr
      2,890 SF

      Salem Airport Retail Space

      Prime Salem location, 2890 sq ft, new construction.
      38 Norman St, Salem, MA 01970
      View Details
    • Contact for pricing

      Retail Space on Route 107

      Retail space available now at a busy intersection.
      Salem, MA 01970
      View Details
    • $2,200 /Mo

      Luxury Salon Space in Salem

      Fully furnished salon space with photography set available for rent.
      107 North St, Salem, MA 01970
      View Details
    • $18 SF/Yr
      9,831 SF

      Visible Commercial Space on Highland

      Highly visible 9,831 sq ft commercial space on Highland Ave.
      207 Highland Ave, Salem, MA 01970
      View Details
    • $3,000 /Mo

      Flex Space Near Downtown Salem

      Established flex space suitable for retail or office use.
      65-67 Congress St, Salem, MA 01970
      View Details
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    540 Loring Ave
    Salem, MA 01970-4222
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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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