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    Property profile & analytics

    1 Main St Georgetown, MA 01833-2009

    • Retail properties
    • 6,365 SF
    • 0.23 lot acres
    OFF-MARKET
    Last Sale
    Sep 25, 2024
    $825,000
    Value Estimations
    $910,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1733208
    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

    • Retail properties

    Property Details for 1 Main St

    Year built
    1925
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.23 lot acres
    Property size
    6,365 SF
    Property type
    Retail properties
    APN
    GEOR M:0011A B:00000 L:00027
    APU
    GEORM0011AB00000L00027

    Description

    This exceptional retail opportunity is located at 1 W Main St, Georgetown, MA 01833. The property boasts a highly visible corner location within a bustling commercial area, offering excellent accessibility and foot traffic. The single-tenant space comprises 1,535 square feet within a larger 6,365 square foot building constructed in 1925. The building sits on a 0.23-acre lot and features one story. Limited on-site parking is available with four spaces. The property is zoned CA and located in Essex County. The building does not include elevators. Property taxes are $1.83 per square foot. This space is ideal for a variety of retail uses, including food service establishments, given its high visibility and convenient location. The lease rate is $20 per square foot, NNN, with NNN charges totaling $3.75 per square foot. Lease terms are negotiable. This presents a unique chance to establish a thriving business in a vibrant and growing community. The property's prime location and ample street parking ensure high visibility and accessibility for customers. Don't miss this chance to secure a prominent retail space in Georgetown, Massachusetts.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $825,000
      ML approach
      $825,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,160,000
      Market price range: $879k - $2.10M
      AI Estimate
      $651,000
      Market price range: $382k - $1.24M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,270,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Georgetown
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.9919
    Latitude
    42.725
    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
    $11,660
    $115,700
    $813,400
    $929,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $125,000
      6,128 SF

      67 Main St

      DEPARTMENT STORE • 6,128 SF
      67 Main St, Georgetown, MA 01833-2102
      View Details
    • Value Estimation
      $195,000
      720 SF

      4 Park St

      DEPARTMENT STORE • 720 SF
      4 Park St, Georgetown, MA 01833-2021
      View Details
    • Value Estimation
      $445,000
      2,015 SF

      10 Main St

      DEPARTMENT STORE • 2,015 SF
      10 Main St, Georgetown, MA 01833-2008
      View Details
    • Value Estimation
      $480,000
      11,548 SF

      10 Main St, Unit 24

      DEPARTMENT STORE • 11,548 SF
      10 Main St, Georgetown, MA 01833-2006
      View Details
    • Value Estimation
      $470,000
      3,006 SF

      33 Library St

      DEPARTMENT STORE • 3,006 SF
      33 Library St, Georgetown, MA 01833-2016
      View Details
    • Value Estimation
      $495,000
      19,340 SF

      64 Central St

      DEPARTMENT STORE • 19,340 SF
      64 Central St, Georgetown, MA 01833-2423
      View Details

    Similar Nearby for Sale

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    • $2,200,000

      Versatile Commercial Property on Route 133

      Commercial property on 1.62 acres with excellent visibility.
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    • $750,000

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      View Details

    Similar Nearby for Lease

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      Downtown Georgetown Office/Retail Space

      Prime Georgetown location, multiple suites available.
      35 Main St, Georgetown, MA 01833
      View Details
    • Contact for pricing
      83,000 SF

      Essex County Warehouse Space for Lease

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      New Restaurant/Cafe Space Available

      New construction restaurant/cafe space in Haverhill, Massachusetts.
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      700 SF

      Retail Space with Drive-Thru

      700 SF retail space with drive-thru in Marlboro, MA.
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      View Details
    • Contact for pricing
      5,727 SF

      Marlborough Mixed-Use Development Retail Space

      Available 5,727 SF retail space in mixed-use development.
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      View Details
    • Contact for pricing
      3,000 SF

      Downtown Marlborough Retail Space Available

      3,000 SF retail space in a mixed-use development.
      57 Main St, Marlboro, MA 01833
      View Details
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    1 Main St
    Georgetown, MA 01833-2009
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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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