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    Property profile & analytics

    560 Loring Ave Salem, MA 01970-4236

    • Office buildings
    • 2,076 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimation
    $660,000
    Last Sale
    Feb 15, 2024
    $650,000
    Location Intelligence
    Property ID
    US38-1407246
    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

    • Peacock Alley Hair Salon / Beauty Salon / Hair Salon
    • Artemis Physical Therapy, PLLC / Physical Therapy Clinic / Doctor
    • Branch to Root Wellness Center / Thai Massage Therapist / Massage Therapist
    • Energenix Co., Inc. / Business To Business Service / Professional Services

    Property Details for 560 Loring Ave

    Year built
    1915
    Construction
    FRAME
    Lot size
    0.11 lot acres
    Property size
    2,076 SF
    Zone code
    B2
    Property type
    Office buildings
    APN
    SALE M:21 L:0002
    APU
    SALEM21L0002

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $650,000

    • CAP approach

      CAP return
      Estimation
      6%
      $575,000
      6.5%
      $635,000
      7%
      $685,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $710,000
      Geo Method
      $685,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $720,000
      Retail
      $575,000
      Mixed-Use
      $580,000
      Hospitality
      $685,000
      Educational
      $715,000
      Residential Income
      $620,000
      Energy
      $655,000
      Income-Based Land
      $755,000
      Food Service
      $725,000

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.9017
    Latitude
    42.4861
    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
    $13,390
    $356,200
    $209,000
    $565,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $375,000
      702 SF

      124 Derby St

      OFFICE BUILDING • 702 SF
      124 Derby St, Salem, MA 01970-5645
      View Details
    • Value Estimation
      $265,000
      1,428 SF

      8 Essex St

      OFFICE BUILDING • 1,428 SF
      8 Essex St, Salem, MA 01970-5209
      View Details
    • Value Estimation
      $605,000
      2,496 SF

      564 Loring Ave

      OFFICE BUILDING • 2,496 SF
      564 Loring Ave, Salem, MA 01970-4276
      View Details
    • Value Estimation
      $350,000
      2,456 SF

      81 Webb St

      OFFICE BUILDING • 2,456 SF
      81 Webb St, Salem, MA 01970-4046
      View Details
    • Value Estimation
      $310,000
      3,402 SF

      9th N St

      OFFICE BUILDING • 3,402 SF
      9th N St, Salem, MA 01970-3928
      View Details
    • Value Estimation by Request
      20,474 SF

      287-291 Lafayette St

      OFFICE BUILDING • 20,474 SF
      287-291 Lafayette St, Salem, MA 01970
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      384,000 SF

      Salem Office Space Available

      Office space for sale in Salem, Massachusetts, available immediately.
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    • $395,000

      Downtown Salem Office Condo

      First floor office condo in downtown Salem for sale.
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    • New
      $799,900
      2,668 SF

      Spacious Two-Family Home, Salem

      Well-maintained two-family home in Salem's desirable Castle Hill neighborhood.
      58 Willson St, Salem, MA 01970
      View Details
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      Spacious Mixed-Use Property in Salem

      Large mixed-use property with development potential in downtown Salem.
      11 Summer St, Salem, MA 01970
      View Details
    • $799,900

      Well-Maintained Two-Family Home

      Spacious, updated two-family home perfect for owner-occupancy.
      19 Cushing St, Salem, MA 01970
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      Renovated Salem Triplex Near Downtown

      Turn-key, renovated triplex near downtown Salem and the beach.
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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
      View Details
    • $19 SF/Yr
      2,363 SF

      Downtown Salem Office Suite For Lease

      Attractive 2,363 sqft office suite in downtown Salem available now.
      262 Essex 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
    • $18 SF/Yr

      Waterfront Business Center Office Space

      Premier waterfront business center with ocean views near historic district.
      47 Congress St, 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
    • $2,600 /Mo

      Multi-Purpose Space in North Salem

      Flex/industrial/office space in active redevelopment area, on-site parking.
      7 Franklin St, Salem, MA 01970
      View Details
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    560 Loring Ave
    Salem, MA 01970-4236
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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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