Entity Owned 
For Lease
1 / 8
$24 SF/Yr
57 Loring Ave, Salem, MA 01970
View Listing →
Property summary
AI-generated overview
A renovated 4,500-square-foot commercial space configured for a range of uses including retail, restaurant, office, fitness, physical therapy, and medical services. The layout includes at-grade entry doors opening to a large, open area that was previously used as a coffee shop, and the space can accommodate shared occupancy by two food-related uses. The interior is fully air-conditioned and includes two handicap-accessible bathrooms. The property is situated on a busy roadway within a neighborhood experiencing residential growth, with over 750 new apartment units being added. Exterior improvements are planned for the building, and parking is available in front of and behind the building. Signage features include pylon signage and a sign band, and the building has a triple-net rent structure.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1984
Construction
STEEL FRAME
Total area
6,975 SF
Lot
0.54 ac (23,405 SF)
Zoning code
R1
APN
SALE M:32 L:0146
UPID
US38-1463280
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
-
University
-
Cafe & Coffee Shop
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.48M
CAP Approach
CAP
$1.77M
Comparable Approach
Comparable
$1.62M
Blend (final)
Blend
$1.48M
Owner & transaction history
since 2024
Last sale
$1.5M
4 recorded transactions
Zoning & alternative use
R1 · Salem, MA
Zoning description
The Intent of this To promote Residential One Family Uses
General category
RESIDENTIAL
Top alternative use upside
Restaurant
$2.4M
+55.2%
Apartment house (5+ units)
$2.2M
+43.8%
Office building
$2.0M
+29.0%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 5 comparables with addresses
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$1.48M
Value range
$1.33M – $1.62M
±10% around blend
Estimated value / SF
$211 / SF
Confidence
High
5 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
50
Income certainty
100
$1.33M
blend $1.48M
$1.62M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
6,975 SF
Lot area
0.54 ac
Year built
1984
Stories
1
APN
SALE M:32 L:0146
Zoning
R1
Assessed value
$1,228,100
Annual tax
$29,094
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.77M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.91M
@ 6.5% CAP return
$1.77M
@ 7% CAP return
$1.64M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$29,094
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$1.52M
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
2.4 mi away · 6,000 SF
2.4 mi away · 6,000 SF
5.5 mi away · 5,070 SF
8.3 mi away · 8,929 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.48M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 252 sales
$222
-5%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $211/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+55%
vs current-use indication
Apartment House (5+ Units)
Office Building
Commercial (general)
Auto Repair, Garage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
7.80%
Selected cap rate for this retail space
Derived from the Salem market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 7.80%
9.0%
NOI (est.)
$74k *
Last sale · Nov 2024
$1.48M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$948k
Move the market yield to see immediate price impact.
Value / SF
$136
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
7.30%7.80%8.30%
$67k
$912k
$853k
$802k
$74k
$1.01M
$948k
$891k
$81k
$1.11M
$1.04M
$980k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$2.40M
1.8 mi · Jan 2026 · $411/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$29,094
Tax year 2024
Assessed value
$1,228,100
Assessed 2024
Previous assessed
$1,228,100
+0.0% YoY
Effective rate
2.37%
On assessed value
Assessed land
$633,200
Assessed improvement
$594,900
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1984
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
2
Bathrooms
2
Total area
6,975 SF
Lot
0.54 ac (23,405 SF)
Zoning code
R1
APN
SALE M:32 L:0146
UPID
US38-1463280
Jurisdiction
SALEM
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
R1 · Salem, MAZoning R1 · permitted uses
R1 · Salem, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The Intent of this To promote Residential One Family Uses
General category
RESIDENTIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
2
Bathrooms
2
Lot
0.54 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
R1
RESIDENTIAL
Jurisdiction
Salem, MA
Recorded code
R1
Official district
R1
Official district profile
What the municipal code says about R1
Zoning description
The Intent of this To promote Residential One Family Uses
General category
RESIDENTIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R1 in Salem, MA.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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?”
Full reports are paid
Unlock the full Property Analytics report
Pick a plan to open full owner contacts, all 4 valuations with methodology, the refine flow, comparable adjustments, the foot-traffic deep dive and PDF / CSV export. Cancel anytime.
