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Property profile & analytics
OFF-MARKET
Estimated value
$1,330,000
Retail space
114 Washington St Marblehead, MA 01945-5615
Entity Owned
19-yr Hold
Absentee Owner
Free & Clear
Property ID
US38-1137654
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1880
Construction
FRAME
Total area
10,323 SF
Lot
0.2 ac (8,771 SF)
Zoning code
HIST
APN
MARB M:0149 B:0077 L:0
UPID
US38-1137654
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
-
Mookie's at Mugford Cafe & Coffee Shop
-
Douglas Fisher Photography Service (Bike/Boat/Book/etc) Store
-
Michael Nager Photography Service (Bike/Boat/Book/etc) Store
-
Blue Collar Lists (Bike/Boat/Book/etc) Store Corporate Office
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.43M
Blend (final)
Blend
$1.33M
Owner & transaction history
Crosby Marb Realty LLC · 19 yrs held
Crosby Marb Realty LLC
since 2007
7 recorded transactions
Zoning & alternative use
HIST · Marblehead, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Marblehead submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marblehead 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.33M
Range $1.20M – $1.46M · ±10%
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
$129 / 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
$12,686
Tax year 2024
Assessed value
$1,415,900
Assessed 2024
Previous assessed
$1,309,500
+8.1% YoY
Effective rate
0.90%
On assessed value
Assessed land
$765,600
Assessed improvement
$650,300
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1880
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
6
Bathrooms
4
Total area
10,323 SF
Lot
0.2 ac (8,771 SF)
Zoning code
HIST
APN
MARB M:0149 B:0077 L:0
UPID
US38-1137654
Jurisdiction
MARBLEHEAD
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
HIST · Marblehead, MA
Zoning HIST · permitted uses
HIST · Marblehead, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Marblehead. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1880
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
6
Bathrooms
4
Lot
0.2 ac
Current owner
From public records · entity-resolved
Crosby Marb Realty LLC
Entity
Free & Clear · 19 yrs held
Mailing address
22 MERRITT ST, MARBLEHEAD, MA 01945-3570
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 26, 2023
—
John P Kelley
—
Deed
related
$345,000 · National Grand Bank Of Marblehead
Apr 30, 2018
—
John P Kelley
—
Deed
related
$75,000 · National Grand Bk/marblehead
Aug 16, 2013
—
John P Kelley
—
Deed Of Trust
related
$285,000 · National Grand Bank Marblhd
Aug 12, 2010
—
John P Kelley
—
Deed Of Trust
related
$225,000 · National Grand Bank Marblhd
Feb 22, 2008
—
Crosby Marblehea Rlty LLC
—
Deed Of Trust
related
$1,000,000 · Gary Needham
Jun 14, 2007
—
Crosby Marb Realty LLC
—
Deed Of Trust
related
$3,946,112 · Gary Needham
Jun 14, 2007
$1
Crosby Marb Realty LLC
Crosby RT
Grant Deed
related
—
Dec 19, 1996
—
John P Kelley
—
Deed Of Trust
related
$185,000 · National Grand Bank Marblhd
Mar 26, 1987
—
John P Kelley
—
Deed Of Trust
related
$175,000 · National Grand Bank Marblhd
—
—
John P Kelley
—
Deed Of Trust
related
$75,000 · National Grand Bk/marblehead
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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