New search
Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Office buildings
56 Main St, Salem, NH 03079-5914
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US58-0047890
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1880
Total area
4,338 SF
Lot
0.42 ac (18,295 SF)
Zoning code
B1
APN
SLEM M:89 B:1103 L:
UPID
US58-0047890
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
-
Berkshire Hathaway HomeServices Verani Realty Real Estate Agency
-
Michael DiMarzo Real Estate Agency
-
Kendall Promotions Advertising Agency Marketing & Advertising
-
Coco, Early & Associates: Henry Matos Real Estate Agency
-
Darlene Couture NH/MA REALTOR Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$750k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$750k
Owner & transaction history
A E Gidley LLC · 8 yrs held
A E Gidley LLC
since 2018
Last sale
$749,933
7 recorded transactions
Zoning & alternative use
B1 · Salem, NH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+46.0%
Commercial (general)
$1.0M
+27.9%
Retail stores
$940,000
+20.0%
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
$750,000
ML approach
$750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$785,000
Current use
AUTO REPAIR, GARAGE
$1,145,000
Change: +46% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,000,000
Change: +28% · Conversion: Easy
RETAIL STORES
$940,000
Change: +20% · Conversion: Moderate
Blend value · Realmo final
$750k
Range $675k – $825k · ±10% · vs last sale $750k (Nov 22 2024)
Last sale anchor
$750k
Nov 22 2024
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
$173 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$10,469
Tax year 2023
Assessed value
$617,300
Assessed 2023
Previous assessed
$617,300
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$322,600
Assessed improvement
$294,700
Applied tax rate
66,660.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1880
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
3
Rooms
14
Bathrooms
3
Total area
4,338 SF
Lot
0.42 ac (18,295 SF)
Zoning code
B1
APN
SLEM M:89 B:1103 L:
UPID
US58-0047890
Jurisdiction
SALEM TOWN
Metro division
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH METROPOLITAN DIVISION
Zoning & alternative use
B1 · Salem, NH
Zoning B1 · permitted uses
B1 · Salem, NH
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$785,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.0M
RETAIL STORES
Est. value
$940,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1880
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
3
Rooms
14
Bathrooms
3
Lot
0.42 ac
Current owner
From public records · entity-resolved
A E Gidley LLC
Entity
Free & Clear · 8 yrs held
Mailing address
251 BROADWAY, METHUEN, MA 01844-3037
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2018
$114,100
A E Gidley LLC
Town Of Salem
Quit Claim Deed
related
—
Feb 27, 2018
—
Town Of Salem
251 Broadway LLC
Quit Claim Deed
related
—
May 29, 2014
$560,000
251 Broadway LLC
56 Main Street Realty LLC
Warranty Deed
$420,000 · Enterprise Bank & Trust
Mar 25, 2002
$450,000
Laura Gray
56 Main St T
Warranty Deed
$403,000 · Boston Federal Savings Bank
Apr 14, 2000
$485,000
Main St T 56
Kellett,laurel G
Warranty Deed
—
—
—
251 Broadway LLC
—
Deed Of Trust
related
$150,000 · Enterprise Bk
—
—
251 Broadway LLC
—
Deed Of Trust
related
$84,000 · Enterprise 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 56 Main St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
