Property profile

545 Salem St Wakefield, MA 01880

OFF-MARKET
Office buildings
Property ID
US38-0178427
12,424 SF 0.68 ac lot Built 1990
Entity Owned 15-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1990
Construction STEEL FRAME
Total area 12,424 SF
Lot 0.68 ac (29,551 SF)
Zoning code B
APN WAKE M:000041 B:0029 P:00026A
UPID US38-0178427

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Accounting Firm
  • Local Government Office
  • Law Firm

Location

545 Salem St Wakefield, MA 01880-1271
Wakefield metro Census 335302 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.66M
Blend (final) Blend
$3.02M

Owner & transaction history

since 2010
5 recorded transactions
2020
Price N/A
2010
$2.0M
2010
Price N/A
2002
Price N/A
1969
Price N/A

Zoning & alternative use

B · Wakefield, MA
Zoning description

b) negotiate in good faith for shared use by third parties; c) allow shared use if an applicant for shared use agrees in writing to pay reasonable rental charges or other consideration and to pay all costs of adapting th…

General category COMMERCIAL
Top alternative use upside
Restaurant $3.6M +32.6%
Auto repair, garage $3.5M +28.6%
Neighborhood: shopping center $3.4M +26.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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