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Property profile & analytics
OFF-MARKET
Estimated value
$1,085,000
Parking lots & garages
7 Dodge St Salem, MA 01970-3603
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US38-0645073
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1920
Construction
STEEL FRAME
Total area
3,160 SF
Lot
0.15 ac (6,717 SF)
Zoning code
B5
APN
SALE M:34 L:0402
UPID
US38-0645073
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.09M
Owner & transaction history
Rcg 7 Dodge LLC · 11 yrs held
Rcg 7 Dodge LLC
since 2015
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$343 / 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
$9,050
Tax year 2024
Assessed value
$382,000
Assessed 2024
Previous assessed
$382,000
+0.0% YoY
Effective rate
2.37%
On assessed value
Assessed land
$382,000
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1920
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Bathrooms
2
Total area
3,160 SF
Lot
0.15 ac (6,717 SF)
Zoning code
B5
APN
SALE M:34 L:0402
UPID
US38-0645073
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
1920
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Bathrooms
2
Lot
0.15 ac
Current owner
From public records · entity-resolved
Rcg 7 Dodge LLC
Entity
Mailing address
17 IVALOO ST STE #100, SOMERVILLE, MA 02143-3658
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2015
—
Rcg 7 Dodge LLC
Dodge Area LLC
Quit Claim Deed
related
—
Feb 25, 2014
—
Rcg 76 Lafayette LLC
Dodge Area LLC
Quit Claim Deed
related
—
Mar 30, 2006
$12,500,000
Dodge Area LLC
Lafayette RT
Deed
$9,999,999 · Wachovia Fncl Svc INC
Dec 19, 2002
—
Lafayette RT
—
Deed Of Trust
related
$3,575,000 · Gary Needham
Dec 10, 1999
—
Lafayette RT
—
Deed Of Trust
related
$400,000 · First Essex Savings Bank
Feb 26, 1999
$4,075,000
Lafayette RT
Minoan RT
Grant Deed
—
Dec 7, 1990
—
Minoan RT
—
Deed Of Trust
related
$4,880,000 · Gary Needham
Jan 20, 1988
$722,500
Minoan RT
Cruickshank,gary W
Grant Deed
—
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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