Realmo Analytics

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Financial
Distress signals
Property profile

8 Essex St Salem, MA 01970

FOR SALE
Office buildings
Property ID
US38-1818056
1,428 SF 0.04 ac lot Built 1860
Last sale Oct 1990 · $124,000
Individually Owned Owner of record is an individual. 36-yr Hold Held for 36 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$10k
Tax billed · 2024
Assessed value$442k
Assessed land$179k
Assessed improvement$264k
Effective rate2.37%

Value estimate

· Oct 2026
$340k
$306k – $374k
CAP approach$655k
Submarket $/SF estimate$566k
NOI build-up
Gross scheduled income$65k
Vacancy & credit loss−$12k
Operating expenses−$13k
NOI · 5.31% cap applied$40k

Realmo valuation models over county records and 18 qualifying comparable sales.

Recently sold

What actually traded nearby?
$287/SF
ZIP average, outlier-cleaned · 32 recorded sales of this use type
Observed band · Q1–Q3$150 – $396
Qualifying comparables18

Cap rate analysis

How does the asset earn?
5.31%
$40k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
R2
The Intent of this To promote Residential Two Family Uses
General categoryRESIDENTIAL
JurisdictionSALEM

Location intelligence

Which uses thrive at this corner?
Best fit: Dry Cleaner
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dry Cleaner10.2
Computer & Electronic Repair9.6
Locksmith9.6

Location

8 Essex St Salem, MA 01970
County assessor Recorded deeds · 5 transfers 18 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
193 Jefferson, Salem, MA 01970-2958 $675,000 Jun 2024 2,248 SF
560 Loring, Salem, MA 01970-4236 $650,000 Feb 2024 2,076 SF
165 Boston, Salem, MA 01970-1430 $425,000 Apr 2022 2,400 SF
2 Tulip, Salem, MA 01970-4530 $125,000 Feb 2021 1,920 SF
564 Loring, Salem, MA 01970-4276 $500,000 Oct 2020 2,496 SF
291 Jefferson, Salem, MA 01970-2834 $320,000 May 2019 2,755 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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