Property profile

14 Prospect St Marblehead, MA 01945

OFF-MARKET
Office buildings
Property ID
US38-0029542
3,675 SF 0.18 ac lot Built 1970
Entity Owned 10-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1970
Construction FRAME
Total area 3,675 SF
Lot 0.18 ac (7,860 SF)
Zoning code BR
APN MARB M:0115 B:0035 L:0
UPID US38-0029542

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Coworking & Hybrid Office
  • (Bike/Boat/Book/etc) Store Corporate Office
  • Theater & Performing Art Venue

Location

14 Prospect St Marblehead, MA 01945-3132
Marblehead metro Census 203200 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$573k
Blend (final) Blend
$315k

Owner & transaction history

since 2016
2 recorded transactions
2016
$565,000
1988
$325,000

Zoning & alternative use

BR · Marblehead, MA
Zoning description

e GR General Residence SGR Shoreline General Residence B Business U Unrestricted SU Shoreline Unrestricted ECR Expanded Central Residence CR Central Residence SC Shoreline Central Residence H Harborfront B1 Business - 1…

General category COMMERCIAL
Top alternative use upside
Commercial (general) $1.3M +32.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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