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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Investment properties
64 Brg St, Salem, MA 01970-4131
Entity Owned
11-yr Hold
Property ID
US38-1512068
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1882
Construction
FRAME
Total area
2,928 SF
Lot
0.35 ac (15,442 SF)
Zoning code
R2
APN
SALE M:36 L:0153
UPID
US38-1512068
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
-
Salem Art Gallery Art Gallery
-
The Satanic Temple Church Mosque
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$910k
Comparable Approach
Comparable
$541k
Blend (final)
Blend
$675k
Owner & transaction history
64 Bridge LLC · 11 yrs held
64 Bridge LLC
since 2015
7 recorded transactions
Zoning & alternative use
R2 · Salem, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$840,000
+3.7%
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%
$990,000
6.5%
$910,000
7%
$845,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$810,000
Current use
OFFICE BUILDING
$840,000
Change: +4% · Conversion: Easy
AUTO REPAIR, GARAGE
$700,000
Change: -13% · Conversion: Difficult
RETAIL STORES
$650,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$675k
Range $608k – $743k · ±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
$231 / 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 2016Property tax & assessments
Tax year 2016
Tax billed
$12,946
Tax year 2016
Assessed value
$627,100
Assessed 2024
Previous assessed
$627,100
+0.0% YoY
Effective rate
2.06%
On assessed value
Assessed land
$192,900
Assessed improvement
$434,200
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1882
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Rooms
10
Bathrooms
2
Total area
2,928 SF
Lot
0.35 ac (15,442 SF)
Zoning code
R2
APN
SALE M:36 L:0153
UPID
US38-1512068
Jurisdiction
SALEM
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
R2 · Salem, MA
Zoning R2 · permitted uses
R2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$810,000
OFFICE BUILDING
Est. value
$840,000
AUTO REPAIR, GARAGE
Est. value
$700,000
RETAIL STORES
Est. value
$650,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1882
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Rooms
10
Bathrooms
2
Lot
0.35 ac
Current owner
From public records · entity-resolved
64 Bridge LLC
Entity
Mailing address
64 BRG ST, SALEM, MA 01970-4131
Ownership since
2015
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
Jul 2, 2015
$426,500
64 Bridge LLC
Mjmj INC
Quit Claim Deed
$135,000 · Lake Sunapee Bk/nh
Dec 21, 2012
—
Mjmj INC
—
Deed Of Trust
related
$315,000 · Rockport National Bank
Mar 3, 2006
$1
Mjmj INC
Mjmj RT
Grant Deed
related
—
Jan 28, 2002
—
Mjmj RT
—
Deed Of Trust
related
$343,000 · Warren Five Cts Savings
Dec 23, 1997
—
Mjmj RT
—
Deed Of Trust
related
$348,000 · Salem Five Cents Savings Bank
Jul 25, 1994
—
Mjmj RT
—
Deed Of Trust
related
$5,600 · Heritage Cp Bank
Jul 13, 1994
$220,000
Mjmj RT
Heritage Coop Bank
Grant Deed
$205,000 · Heritage Cp Bank
Apr 14, 1993
$275,000
Heritage Coop Bank
Little,william D
Grant Deed
related
—
Oct 1, 1991
—
William D Little
—
Deed Of Trust
related
$145,000 · North Shore Holdings
Dec 15, 1988
—
William D Little
—
Deed Of Trust
related
$125,000 · Zwi Kohorn
Aug 29, 1988
—
William D Little
—
Deed Of Trust
related
$250,000 · Gary Needham
Jul 7, 1987
$275,000
William D Little
Dubiel,william J
Grant Deed
$160,000 · Bank Of New England
Jul 7, 1987
—
William D Little
—
Deed Of Trust
related
$125,000 · Zwi Kohorn
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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