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Financial
Distress signals
Property profile

97 Ocean Ave Salem, MA 01970

OFF-MARKET
Auto shops
Property ID
US38-0273315
2,400 SF 0.22 ac lot Built 1962
Last sale Dec 2024 · $750,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$11k
Tax billed · 2024
Assessed value$476k
Assessed land$338k
Assessed improvement$139k
Effective rate2.37%

Value estimate

· Oct 2026
$750k
$675k – $825k
AI approach$750k
Submarket $/SF estimate$539k

Realmo valuation models over county records and 12 qualifying comparable sales.

Recently sold

What actually traded nearby?
$240/SF
County average, outlier-cleaned · 111 recorded sales of this use type
Observed band · Q1–Q3$150 – $357
Qualifying comparables12

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B4
The Intent of this To promote Wholesale And Automotive Uses
General categoryUNKNOWN
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 Cleaner8.8
Nursing Home8.4
Catering Service8.2

Location

97 Ocean Ave Salem, MA 01970-4640
County assessor Recorded deeds · 3 transfers 12 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
25 Boston, Salem, MA 01970-2103 $550,000 Feb 2024 2,904 SF
62 Jefferson, Salem, MA 01970-2924 $650,000 Apr 2022 3,710 SF
31st Boston, Salem, MA 01970-2103 $899,500 Mar 2022 3,865 SF
119 Webb, Salem, MA 01970-4018 $131,000 Jan 2022 1,800 SF
43 Essex, Salem, MA 01970-5256 $200,000 Mar 2021 1,512 SF
53 Canal, Salem, MA 01970-4843 $475,000 Sep 2019 1,554 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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