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Property profile & analytics
OFF-MARKET
Estimated value
$1,420,000
Office buildings
60 Washington St, Salem, MA 01970-3515
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US38-2495845
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1915
Construction
STEEL FRAME
Total area
13,856 SF
Lot
0.08 ac (3,502 SF)
Zoning code
B5
APN
SALE M:35 L:0022
UPID
US38-2495845
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
-
Castle Hill Counseling Counselor
-
Alexandrea Defelice Counselor
-
Mrs. Cheryl Kusiak Counselor
-
Margaret Marino Physician Medical Clinic
-
Mr. Kyle Lincoln Counselor Marriage Or Relationship Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.58M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.42M
Owner & transaction history
60 Wa Street LLC · 6 yrs held
60 Wa Street LLC
since 2020
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
B5 · Salem, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,605,000
ML approach
$1,575,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.42M
Range $1.28M – $1.56M · ±10% · vs last sale $1.25M (Jan 17 2020)
Last sale anchor
$1.25M
Jan 17 2020
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
$102 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$38,371
Tax year 2024
Assessed value
$1,619,700
Assessed 2024
Previous assessed
$1,619,700
+0.0% YoY
Effective rate
2.37%
On assessed value
Assessed land
$333,700
Assessed improvement
$1,286,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1915
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
YES
Buildings
1
Stories
3
Units
5
Bathrooms
9
Total area
13,856 SF
Lot
0.08 ac (3,502 SF)
Zoning code
B5
APN
SALE M:35 L:0022
UPID
US38-2495845
Jurisdiction
SALEM
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
B5 · Salem, MA
Zoning B5 · permitted uses
B5 · Salem, MA
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.
Building & site characteristics
From public records
Year built
1915
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Buildings
1
Units
5
Bathrooms
9
Lot
0.08 ac
Current owner
From public records · entity-resolved
60 Wa Street LLC
Entity
Mailing address
7 RANTOUL ST STE 100B, BEVERLY, MA 01915-4886
Ownership since
2020
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
Jan 17, 2020
—
60 Wa Street LLC
Wa Street 60
Quit Claim Deed
related
—
Jul 1, 2008
—
Goldberg,richard B Tr
—
Deed Of Trust
related
$1,160,000 · Beverly Cooperative Bank
Nov 22, 2004
$1,249,883
Goldberg Brothers Re LLC
Ramin RT
Grant Deed
$940,000 · Beverly Cooperative Bank
Nov 22, 2004
—
Goldberg Brothers Re LLC
—
Deed Of Trust
related
$200,000 · Ramin RT
Aug 27, 2001
$855,000
Ramin RT
Hanno Tr
Grant Deed
$846,250 · Beverly National Bank
Sep 19, 1997
$650,000
T Hanno
Odell Block RT
Grant Deed
—
Oct 28, 1992
—
Odell Block RT
—
Deed Of Trust
related
$733,474 · Gary Needham
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.
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