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    908 Salem St, Unit D Groveland, MA 01834-1578
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    Property profile & analytics

    908 Salem St, Unit D Groveland, MA 01834-1578

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    • Commercial real estate
    • 1,291 SF
    Off-Market
    Property ID
    US38-1136767
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Pizza Grove / Restaurant
    • Neat Repeats Consignment / Discount Store / (Bike/Boat/Book/etc) Store
    • The Groomers / Pet Grooming Service
    • Groveland Gas / Gas Station
    • CoinFlip Bitcoin ATM / Currency Exchange Service

    Property Details for 908 Salem St

    Year built
    1987
    Construction
    FRAME
    Property size
    1,291 SF
    Zone code
    RB
    Property type
    Commercial real estate
    APN
    GROV M:48 B:001 L:D
    APU
    GROVM48B001LD

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Groveland
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.0202
    Latitude
    42.7388
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $3,193
    $0.00
    $235,800
    $235,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,055 SF

      908 Salem St Ste

      COMMERCIAL CONDOMINUIM • 1,055 SF
      908 Salem St Ste, Groveland, MA 01834-1578
      View Details
    • Value Estimation by Request
      1,845 SF

      908 Salem St Sta, Unit A

      COMMERCIAL CONDOMINUIM • 1,845 SF
      908 Salem St Sta, Groveland, MA 01834-1578
      View Details
    • Value Estimation
      $610,000
      3,150 SF

      917 Salem St

      SHOW ROOM, WAREHOUSE • 3,150 SF
      917 Salem St, Groveland, MA 01834-1515
      View Details
    • Value Estimation by Request

      156 Main St, Unit B

      COMMERCIAL (GENERAL)
      156 Main St, Groveland, MA 01834-1311
      View Details
    • Value Estimation
      $520,000
      23.25 Acres

      Bare Hl Rd

      COMMERCIAL (GENERAL) • 23.25 Acres
      Bare Hl Rd, Groveland, MA 01834
      View Details
    • Value Estimation by Request
      2,033 SF

      939 Salem St, Unit 8

      COMMERCIAL CONDOMINUIM • 2,033 SF
      939 Salem St, Groveland, MA 01834-1566
      View Details

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    • Contact for pricing

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      Commercial Condo on RT 97

      Versatile commercial condo for sale on Route 97 in Groveland.
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      Wooded Land Parcel in Groveland

      Pristine 17+ acre wooded parcel abutting conservation land.
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      Commercial Condo on Route 97

      Well-maintained commercial condo with open space and attic storage.
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    Similar Nearby for Lease

    • $595 /Mo

      Office Space with Utilities Included

      Office space for rent with utilities included and parking.
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    • $9 SF/Yr
      3,326 SF

      Retail/Flex Space on Salem Street

      3,326 SF retail/flex space with frontage on RTE 97.
      939/941 Salem St, Groveland, MA 01834
      View Details
    • $350 /Mo

      Office Space in Lawrence, MA

      Office space for lease in a fast-growing city.
      49 Blanchard St, Lawrence, MA 01834
      View Details
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    Groveland, MA 01834-1578
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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