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Financial
Distress signals
Property profile

57 Loring Ave Salem, MA 01970

FOR LEASE
Retail space
Property ID
US38-1463280
6,975 SF 0.54 ac lot Built 1984
Last sale Nov 2024 · $1,475,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property includes a renovated commercial suite configured with an at-grade entry providing access into a flexible, open main area. The space is air-conditioned and was described as suitable for a range of service and retail uses, with restrooms and additional exterior-related renovations included among the planned updates; a new HVAC system and furnishing were also noted as part of the improvement scope. The suite is located at 57 Loring Ave in Salem, Massachusetts on a busy roadway, with…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$29k
Tax billed · 2024
Assessed value$1.23M
Assessed land$633k
Assessed improvement$595k
Effective rate2.37%

Value estimate

· Oct 2026
$1.48M
$1.33M – $1.62M
AI approach$1.48M
CAP approach$1.77M
Submarket $/SF estimate$1.62M
NOI build-up
Gross scheduled income$54k
Vacancy & credit loss−$1k
Operating expenses−$16k
NOI · 154,033.33% cap applied$37k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$222/SF
County average, outlier-cleaned · 252 recorded sales of this use type
Observed band · Q1–Q3$138 – $329
Qualifying comparables5

Cap rate analysis

How does the asset earn?
154,033.33%
$37k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
R1
The Intent of this To promote Residential One Family Uses
General categoryRESIDENTIAL
JurisdictionSALEM

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency17.2
Law Firm12.7
Hair Salon11.2

Location

57 Loring Ave Salem, MA 01970
County assessor Recorded deeds · 4 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
128 Nn, Salem, MA 01970-2549 $2,400,000 Jan 2026 5,838 SF
103 School, Salem, MA 01970-2309 $800,000 Mar 2025 4,720 SF
462 Highland, Salem, MA 01970-1765 $2,450,000 Sep 2023 3,944 SF
75 Nn, Salem, MA 01970-3953 $850,000 Feb 2023 4,200 SF
300 Highland, Salem, MA 01970-1983 $575,000 Aug 2021 4,686 SF
2 Brg, Salem, MA 01970-4104 $780,000 Aug 2021 4,737 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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