New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,740,000
Auto shops
63 Jefferson Ave, Salem, MA 01970-2956
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US38-0416939
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1971
Construction
STEEL FRAME
Total area
19,940 SF
Lot
0.97 ac (42,393 SF)
Zoning code
I
APN
SALE M:24 L:0210
UPID
US38-0416939
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
-
Weight Loss Center of the North Shore Weight Loss Service
-
Allan Insurance Agency Inc Insurance Agency
-
Gold Direct Care Medical Clinic
-
Emr Drywall Hardware & Home Improvement Interior Design
-
TDAE Physical Therapy Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.60M
Blend (final)
Blend
$1.74M
Owner & transaction history
Nsd Real Estate LLC · 11 yrs held
Nsd Real Estate LLC
since 2014
7 recorded transactions
Zoning & alternative use
I · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.74M
Range $1.57M – $1.91M · ±10%
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
$87 / 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
$51,675
Tax year 2024
Assessed value
$2,181,300
Assessed 2024
Previous assessed
$2,181,300
+0.0% YoY
Effective rate
2.37%
On assessed value
Assessed land
$726,600
Assessed improvement
$1,454,700
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1971
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
2
Units
6
Bathrooms
4
Total area
19,940 SF
Lot
0.97 ac (42,393 SF)
Zoning code
I
APN
SALE M:24 L:0210
UPID
US38-0416939
Jurisdiction
SALEM
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
I · Salem, MA
Zoning I · permitted uses
I · 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
1971
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
2
Buildings
1
Units
6
Bathrooms
4
Lot
0.97 ac
Current owner
From public records · entity-resolved
Nsd Real Estate LLC
Entity
Mailing address
59 E MAIN ST, GLOUCESTER, MA 01930-3861
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 13, 2022
—
Nsd Real Estate LLC
—
Deed
related
$1,000,000 · North Shore Bank
May 20, 2019
—
Nsd Real Estate LLC
—
Deed
related
$1,500,000 · North Shore Bank
Sep 23, 2014
$1,210,000
Nsd Real Estate LLC
Hugh Trust
Quit Claim Deed
$400,000 · Joseph R Kennedy
Aug 18, 2014
—
Hugh RT
—
Grant Deed
related
$100,000 · Nsd Real Estate LLC
Sep 21, 2011
—
Hugh RT
—
Deed Of Trust
related
$675,000 · Beverly Cooperative Bank
Dec 21, 2001
—
Hugh RT
—
Deed Of Trust
related
$600,000 · Beverly Cooperative Bank
Jul 7, 2000
—
Rtd Nominee RT
—
Deed Of Trust
related
$200,000 · Salem Five Cents Savings Bank
Sep 24, 1999
—
Rtd Nominee RT
—
Deed Of Trust
related
$600,000 · Gary Needham
Jul 20, 1998
$130,000
J RT
Kerr,rita L
Grant Deed
—
Jan 29, 1998
$515,000
Rita L Kerr
Penni,jonathan D
Grant Deed
$450,000 · Century Bank & Trust Co
Jan 29, 1998
—
Rita L Kerr
—
Deed Of Trust
related
$50,000 · Century Bank & Trust Co
Oct 14, 1997
—
Jonathan D Penni
—
Deed Of Trust
related
$100,000 · Danvers Savings Bank
Jun 10, 1997
—
Jonathan D Penni
—
Deed Of Trust
related
$120,000 · Danvers Savings Bank
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.
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?”
You own 63 Jefferson Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
