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    Property profile & analytics

    1 Elm Park Groveland, MA 01834-1201

    • Investment properties
    • 10,780 SF
    • 0.22 lot acres
    OFF-MARKET
    Value Estimation
    $1,120,000
    Last Sale
    Oct 13, 2022
    $1,200,000
    Location Intelligence
    Property ID
    US38-1732334
    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

    • Investment properties

    Property Details for 1 Elm Park

    Year built
    1900
    Construction
    FRAME
    Lot size
    0.22 lot acres
    Property size
    10,780 SF
    Zone code
    B
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    GROV M:10 B:039 L:0
    APU
    GROVM10B039L0

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,035,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,270,000
      6.5%
      $1,180,000
      7%
      $1,165,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,060,000
      Geo Method
      $1,070,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,410,000
      Retail
      $1,120,000
      Mixed-Use
      $1,070,000
      Hospitality
      $1,315,000
      Educational
      $1,425,000
      Residential Income
      $1,425,000
      Energy
      $1,230,000
      Income-Based Land
      $1,260,000
      Food Service
      $1,075,000

    Location Insight

    • Map
    • Local Demand
    City
    Groveland
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.0327
    Latitude
    42.7629
    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
    $15,367
    $208,600
    $926,300
    $1,134,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.25 Acres

      23 Elm Park

      OFFICE/RESIDENTIAL (MIXED USE) • 0.25 Acres
      23 Elm Park, Groveland, MA 01834-1201
      View Details
    • Value Estimation
      $345,000
      2,688 SF

      293 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,688 SF
      293 Main St, Groveland, MA 01834-1234
      View Details
    • Value Estimation
      $610,000
      1,312 SF

      883 Salem St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,312 SF
      883 Salem St, Groveland, MA 01834-1512
      View Details
    • Value Estimation by Request
      20.30 Acres

      938 Salem St

      OFFICE/RESIDENTIAL (MIXED USE) • 20.30 Acres
      938 Salem St, Groveland, MA 01834-1514
      View Details
    • Value Estimation by Request
      3.48 Acres

      1 Uptack Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3.48 Acres
      1 Uptack Ave, Groveland, MA 01834-1518
      View Details
    • Value Estimation
      $530,000
      2,396 SF

      180 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,396 SF
      180 Main St, Groveland, MA 01834-1313
      View Details

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      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
    • $225,000

      Groveland Commercial Condo For Sale

      Well-maintained commercial condo on Route 97 in Groveland, MA.
      939 Salem St, Groveland, MA 01834
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr

      Groveland Commercial Condo on RT 97

      Versatile commercial condo on Route 97 in 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 01834-1201
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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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