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Property profile & analytics
OFF-MARKET
Estimated value
$890,000
Retail space
12 Atlantic Ave, Marblehead, MA 01945-4400
Entity Owned
Free & Clear
Property ID
US38-0736090
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1993
Construction
FRAME
Total area
3,450 SF
Lot
0.1 ac (4,480 SF)
Zoning code
B1
APN
MARB M:0129 B:0018 L:0
UPID
US38-0736090
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
-
Eat Well Kitchen Restaurant
-
Ronnie Orris Northrop, Realtor/Notary Real Estate Agency
-
Barbara Kennedy-White, RE/MAX 360 Real Estate Agency
-
MARCIE GINGLE Real Estate Agency
-
btone Fitness Marblehead Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.12M
CAP Approach
CAP
$870k
Comparable Approach
Comparable
$897k
Blend (final)
Blend
$890k
Owner & transaction history
12 Atlantic Hldg Co LLC
12 Atlantic Hldg Co LLC
since 2025
Last sale
$900,000
5 recorded transactions
Zoning & alternative use
B1 · Marblehead, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+52.9%
Office building
$885,000
+15.6%
Auto repair, garage
$825,000
+7.7%
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
$1,155,000
ML approach
$1,115,000
CAP Approach
CAP Return
Estimation
6%
$945,000
6.5%
$870,000
7%
$810,000
Alternative Use
Use
Estimation
RETAIL STORES
$765,000
Current use
COMMERCIAL (GENERAL)
$1,175,000
Change: +53% · Conversion: Easy
OFFICE BUILDING
$885,000
Change: +16% · Conversion: Easy
AUTO REPAIR, GARAGE
$825,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$890k
Range $801k – $979k · ±10% · vs last sale $900k (Jul 22 2020)
Last sale anchor
$900k
Jul 22 2020
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
$258 / 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
$9,128
Tax year 2024
Assessed value
$1,018,800
Assessed 2024
Previous assessed
$930,100
+9.5% YoY
Effective rate
0.90%
On assessed value
Assessed land
$645,400
Assessed improvement
$373,400
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1993
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
2
Bathrooms
4
Total area
3,450 SF
Lot
0.1 ac (4,480 SF)
Zoning code
B1
APN
MARB M:0129 B:0018 L:0
UPID
US38-0736090
Jurisdiction
MARBLEHEAD
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
B1 · Marblehead, MA
Zoning B1 · permitted uses
B1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$765,000
COMMERCIAL (GENERAL)
Est. value
$1.2M
OFFICE BUILDING
Est. value
$885,000
AUTO REPAIR, GARAGE
Est. value
$825,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1993
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
2
Bathrooms
4
Lot
0.1 ac
Current owner
From public records · entity-resolved
12 Atlantic Hldg Co LLC
Entity
Free & Clear · 0 yrs held
Mailing address
699 BOYLSTON ST STE, BOSTON, MA 02116-2848
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2025
$1,495,000
12 Atlantic Hldg Co LLC
Marblehead Smiley Face Ll
Deed
—
Jul 22, 2020
$900,000
Marblehead Smiley Face
Groudn Tackie RT
Quit Claim Arm's Length For Ne States
$817,500 · Webster Five Cents Savings Bank
Jun 4, 2014
—
Tackle RT Ground
—
Deed Of Trust
related
$431,658 · Gary Needham
Apr 18, 2014
—
Tackle RT Ground
—
Deed Of Trust
related
$420,000 · Gary Needham
Dec 8, 1993
$301,500
Tackle R T Ground
12 Atlantic Ave R T
Grant Deed
$433,950 · Warren Five Cts Savings
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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