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Property profile & analytics
OFF-MARKET
Banks
143 High St Ipswich, MA 01938-1238
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US38-2232064
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2019
Construction
FRAME
Total area
2,986 SF
Lot
2.07 ac (90,169 SF)
Zoning code
HB
APN
IPSW M:30A B:0027 L:0
UPID
US38-2232064
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
-
Bank Gloucester Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Banking Corp · 7 yrs held
Banking Corp
since 2019
7 recorded transactions
Zoning & alternative use
HB · Ipswich, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$11,493
Tax year 2024
Assessed value
$1,009,900
Assessed 2024
Previous assessed
$1,009,900
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$736,700
Assessed improvement
$273,200
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2019
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Rooms
6
Bathrooms
3
Total area
2,986 SF
Lot
2.07 ac (90,169 SF)
Zoning code
HB
APN
IPSW M:30A B:0027 L:0
UPID
US38-2232064
Jurisdiction
IPSWICH
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
HB · Ipswich, MA
Zoning HB · permitted uses
HB · 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.
Building & site characteristics
From public records
Year built
2019
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Rooms
6
Bathrooms
3
Lot
2.07 ac
Current owner
From public records · entity-resolved
Banking Corp
Entity
Mailing address
160 MAIN ST, GLOUCESTER, MA 01930-5732
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 24, 2019
$595,000
Banking Corp
Testaverde,salvatore J
Quit Claim Deed
—
Mar 15, 2017
—
Salvatore J Testaverde JR.
—
Deed
related
$50,000 · Eastern Bank
Jan 23, 2017
—
Lisa Testaverde
—
Deed
related
$231,000 · Eastern Bank
Oct 24, 2012
$1
Salvatore J Testaverde JR.
Testaverde,salvatore J JR
Grant Deed
related
—
Aug 30, 2011
—
Salvatore J Testaverde JR.
—
Deed Of Trust
related
$245,000 · Wells Fargo Mortgage
Jan 30, 2009
—
Salvatore J Testaverde JR.
—
Deed Of Trust
related
$250,000 · Wells Fargo Mortgage
Oct 4, 2007
$39,700
Salvatore J Testaverde JR.
Phoenix Rising T
Grant Deed
—
Nov 5, 2004
$350,000
Salvatore J Testaverde JR.
Phoenix Rising T
Grant Deed
$215,000 · Salem Five Mortgage Corp
Mar 19, 2003
$389,700
Rising T Phoenix
Gianakakis RT
Grant Deed
—
Mar 17, 2003
$650,000
RT Booras
Gianakakis RT
Grant Deed
$800,000 · Business Loan Center INC
Oct 29, 2002
—
Gianakakis RT
—
Deed Of Trust
related
$300,000 · Zions First National Bank
May 16, 1997
—
Gianakakis RT
—
Deed Of Trust
related
$325,000 · First National Bank Ipswch
Apr 20, 1995
—
Charles Gianakakis
—
Deed Of Trust
related
$43,000 · First National Bank Ipswch
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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