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    Property profile & analytics

    939 Salem St, Unit 3 Groveland, MA 01834-1566

    • Commercial real estate
    • 2,958 SF
    OFF-MARKET
    Value Estimation
    $330,000
    Location Intelligence
    Property ID
    US38-0629330
    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.

    Current Use by Public Records

    • Artisan Floor Covering / Flooring Store / Tile Contractor
    • Dr. Laura Anne Potvin, P.C. - Optometrists / Sunglasses Store / Optometrist
    • Law Office of Martin J. Arsenault / Attorney
    • Fens Associates / Furniture Store
    • Sparkle Gear / Embroidery Shop / Promotional Products Supplier

    Property Details for 939 Salem St

    Year built
    2001
    Construction
    FRAME
    Property size
    2,958 SF
    Zone code
    B
    Property type
    Commercial real estate
    APN
    GROV M:49 B:001 L:3
    APU
    GROVM49B001L3

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $375,000

    • CAP approach

      CAP return
      Estimation
      6%
      $270,000
      6.5%
      $260,000
      7%
      $260,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $260,000
      Geo Method
      $295,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $310,000
      Retail
      $290,000
      Mixed-Use
      $255,000
      Hospitality
      $240,000
      Educational
      $260,000
      Residential Income
      $330,000
      Energy
      $315,000
      Income-Based Land
      $295,000
      Food Service
      $255,000

    Location Insight

    • Map
    • Local Demand
    City
    Groveland
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.0129
    Latitude
    42.7343
    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
    $4,405
    $0.00
    $325,300
    $325,300
    -
    $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
      $320,000
      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
      $295,000
      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 by Request
      23.25 Acres

      Bare Hl Rd

      COMMERCIAL (GENERAL) • 23.25 Acres
      Bare Hl Rd, Groveland, MA 01834
      View Details
    • Value Estimation
      $300,000
      2,033 SF

      939 Salem St, Unit 8

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

    Similar Nearby for Sale

    • $2,950,000
      51.91 Acres

      20 Bare Hill Rd, Groveland, MA 01834

      Commercial real estate • 51.91 Acres
      20 Bare Hill Rd, Groveland, MA 01834
      View Details
    • $1,350,000

      Landmark Farm with Development Potential

      15+ acre farm with barns, cape, and development potential.
      98 King St, Groveland, MA 01834
      View Details
    • $2,950,000

      51.9 Acres Commercial Land Groveland

      51.9 acres with commercial and development potential in Groveland, MA.
      20 Bare Hill Rd, Groveland, MA 01834
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr

      Groveland Commercial Condo For Lease

      Versatile commercial condo on Route 97, Groveland, MA.
      939 Salem St, Groveland, MA 01834
      View Details
    • $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
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    Groveland, MA 01834-1566
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    Realmo Value Estimation

    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.

    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.

    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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