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Property profile & analytics
OFF-MARKET
Estimated value
$1,005,000
Investment properties
11 Central St Manchester, MA 01944-1309
Entity Owned
2-yr Hold
Property ID
US38-0117310
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Construction
FRAME
Total area
5,743 SF
Lot
0.08 ac (3,655 SF)
Zoning code
G
APN
MANC M:0053 B:0000 L:0031
UPID
US38-0117310
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.01M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$1.01M
Owner & transaction history
Agem 11 Central LLC · 2 yrs held
Agem 11 Central LLC
since 2024
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
G · Manchester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.5M
+29.0%
Auto repair, garage
$1.4M
+20.2%
Retail stores
$1.3M
+11.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Manchester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manchester submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,005,000
ML approach
$1,005,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,145,000
Current use
OFFICE BUILDING
$1,475,000
Change: +29% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,375,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$1,275,000
Change: +12% · Conversion: Easy
INDUSTRIAL (GENERAL)
$940,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$1.01M
Range $905k – $1.11M · ±10% · vs last sale $1.00M (Apr 22 2024)
Last sale anchor
$1.00M
Apr 22 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$175 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$14,074
Tax year 2024
Assessed value
$1,505,200
Assessed 2024
Previous assessed
$1,505,200
+0.0% YoY
Effective rate
0.94%
On assessed value
Assessed land
$357,800
Assessed improvement
$1,147,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
3
Units
4
Rooms
13
Bathrooms
6
Total area
5,743 SF
Lot
0.08 ac (3,655 SF)
Zoning code
G
APN
MANC M:0053 B:0000 L:0031
UPID
US38-0117310
Jurisdiction
MANCHESTER
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
G · Manchester, MAZoning G · permitted uses
G · Manchester, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.4M
RETAIL STORES
Est. value
$1.3M
INDUSTRIAL (GENERAL)
Est. value
$940,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1900
Construction
FRAME
Heating
FORCED AIR
Stories
3
Buildings
1
Units
4
Rooms
13
Bathrooms
6
Lot
0.08 ac
Current owner
From public records · entity-resolved
Agem 11 Central LLC
Entity
Mailing address
40 BCH ST STE #305, MANCHESTER BY THE SEA, MA 01944-1464
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2024
—
Agem 11 Central LLC
Bolena LLC
Quit Claim Deed
related
—
Jan 7, 2016
$1,425,000
Bolena LLC
Central Street Realty Trust
Quit Claim Deed
—
Nov 25, 2014
—
Central Street Realty Trust
Storella,michael
Quit Claim Deed
related
—
May 22, 2014
—
Michael A Storella
—
Deed Of Trust
related
$700,000 · Hingham Institute For Savings
May 22, 2007
$1
Michael A Storella
Storella,barbara A Tr
Grant Deed
—
May 22, 2007
—
Michael A Storella
—
Deed Of Trust
related
$740,000 · Rockport National Bank
Mar 3, 2004
$1,002,500
11 Central St. RT
Sclafani,rosalie Grace
Grant Deed
$750,000 · Rockport National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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