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Property profile & analytics
OFF-MARKET
Estimated value
$1,870,000
Industrial properties
11 Old Right Rd A, Ipswich, MA 01938-1173
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-1433246
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Year built
1988
Construction
STEEL FRAME
Total area
9,881 SF
Zoning code
I
APN
IPSW M:38A B:008B L:A
UPID
US38-1433246
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
Current use
Occupant on record · Public records
-
Bodycote Factory Production Facility
-
Morris Plumbing, Heating & Air Conditioning Plumbing Service General Contractor
-
British Car R & R Auto Repair Shop
-
Altman Distributing Company Auto Parts Store
-
Thomas Mannetta Inc Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.12M
CAP Approach
CAP
$1.62M
Comparable Approach
Comparable
$1.36M
Blend (final)
Blend
$1.87M
Owner & transaction history
11a Orr LLC · 3 yrs held
11a Orr LLC
since 2022
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
I · Ipswich, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.5M
+57.0%
Auto repair, garage
$2.4M
+46.3%
Retail stores
$2.2M
+35.8%
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 Ipswich submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ipswich 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
$2,010,000
ML approach
$2,120,000
CAP Approach
CAP Return
Estimation
6%
$1,750,000
6.5%
$1,615,000
7%
$1,500,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,620,000
Current use
OFFICE BUILDING
$2,540,000
Change: +57% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,365,000
Change: +46% · Conversion: Easy
RETAIL STORES
$2,200,000
Change: +36% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,970,000
Change: +22% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,390,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$1.87M
Range $1.68M – $2.06M · ±10% · vs last sale $1.80M (Sep 30 2022)
Last sale anchor
$1.80M
Sep 30 2022
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
$189 / 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
$9,283
Tax year 2024
Assessed value
$815,700
Assessed 2024
Previous assessed
$815,700
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed improvement
$815,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Status
Off-Market
Year built
1988
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Bathrooms
4
Total area
9,881 SF
Zoning code
I
APN
IPSW M:38A B:008B L:A
UPID
US38-1433246
Jurisdiction
IPSWICH
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
I · Ipswich, MA
Zoning I · permitted uses
I · Ipswich, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ipswich. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.6M
OFFICE BUILDING
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.4M
RETAIL STORES
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$2.0M
WAREHOUSE, STORAGE
Est. value
$1.4M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1988
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Bathrooms
4
Current owner
From public records · entity-resolved
11a Orr LLC
Entity
Mailing address
47 AVERY ST, IPSWICH, MA 01938-1231
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2022
$1,799,000
11a Orr LLC
D&d Rlty Ent LLC
Condominium Deed
$1,439,200 · Enterprise Bank & Trust Co
Oct 5, 2017
$1,600,000
D&d Realty Ent LLC
Altman RT
Quit Claim Arm's Length For Ne States
$1,660,000 · First Ipswich Bank
May 25, 2012
—
Altman RT
—
Deed Of Trust
related
$1,500,000 · Beverly Cooperative Bank
Oct 23, 2009
—
Altman RT
—
Deed Of Trust
related
$1,550,000 · Beverly Cooperative Bank
Dec 2, 2005
—
Altman RT
—
Deed Of Trust
related
$1,654,000 · Salem Five Cents Savings Bank
Aug 19, 1994
$540,000
Sloan Ipswich Ft
Skw Re LP
Grant Deed
—
Aug 19, 1994
—
Sloan Ipswich Ft
—
Deed Of Trust
related
$432,000 · Salem Five Cents Savings Bank
May 31, 1994
$416,000
Skw Re LP
Coletti RT
Grant Deed
—
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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