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Property profile & analytics
OFF-MARKET
Commercial real estate
61 Jefferson Ave Salem, MA 01970-2913
Individually Owned
27-yr Hold
Free & Clear
Property ID
US38-0659008
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
0.92 ac (40,001 SF)
Zoning code
I
APN
SALE M:24 L:0113
UPID
US38-0659008
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
-
Atlantic Weatherization LLC General Contractor Renovation Specialist
-
Escospeed Auto Repair Shop
-
EZ Auto Service LLC Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Rtd Nominee RT · 27 yrs held
Rtd Nominee RT
since 1999
7 recorded transactions
Zoning & alternative use
I · Salem, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Intent of this To promote Industrial Uses
Zone name
Industrial
General category
INDUSTRIAL
Zone area
442.81 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2020Property tax & assessments
Tax year 2020
Tax billed
$24,185
Tax year 2020
Assessed value
$1,039,900
Assessed 2024
Previous assessed
$1,039,900
+0.0% YoY
Effective rate
2.33%
On assessed value
Assessed land
$698,200
Assessed improvement
$341,700
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Buildings
2
Units
2
Lot
0.92 ac (40,001 SF)
Zoning code
I
APN
SALE M:24 L:0113
UPID
US38-0659008
Jurisdiction
SALEM
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
I · Salem, MAZoning I · permitted uses
I · Salem, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Intent of this To promote Industrial Uses
Zone name
Industrial
General category
INDUSTRIAL
Zone area
442.81 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Buildings
2
Units
2
Lot
0.92 ac
Current owner
From public records · entity-resolved
Rtd Nominee RT
Individual
Free & Clear · 27 yrs held
Mailing address
61 JEFFERSON AVER, SALEM, MA 01970-2913
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 23, 1999
$195,000
Rtd Nominee RT
J&j RT
Grant Deed
—
Jun 5, 1997
—
RT Den
—
Deed Of Trust
related
$120,000 · Danvers Savings Bank
Feb 14, 1997
$220,000
RT Den
Penni,jonathan D
Grant Deed
—
Feb 14, 1997
—
RT Den
—
Deed Of Trust
related
$180,000 · Danvers Savings Bank
Nov 22, 1996
$505,000
Jonathan D Penni
Ma Bus Dev Corp
Grant Deed
$405,000 · Danvers Savings Bank
Dec 19, 1995
$5,000
J Alex Michaud
Michaud,j Alex
Grant Deed
related
—
Dec 13, 1990
—
Michaud Bus Lines INC
—
Deed Of Trust
related
$92,000 · Zwi Kohorn
Jul 20, 1990
—
Michaud Bus Lines INC
—
Deed Of Trust
related
$750,000 · Gary Needham
Dec 13, 1989
—
Michaud Bus Lines INC
—
Deed Of Trust
related
$240,000 · Zuckerman Family Nomi
Aug 17, 1988
—
Bus Lines Michaud
—
Deed Of Trust
related
$650,000 · Zuckerman Family Nomi
Sep 11, 1987
—
Bus Lines Michaud
—
Deed Of Trust
related
$924,000 · Zuckerman Family Nomi
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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