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Property profile & analytics
OFF-MARKET
Estimated value
$1,115,000
Investment properties
143 Main St, Essex, MA 01929-1248
Individually Owned
2-yr Hold
Property ID
US38-0843070
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1810
Construction
FRAME
Total area
2,698 SF
Lot
0.18 ac (7,736 SF)
APN
ESSE M:136 L:124
UPID
US38-0843070
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
-
A.F. Brosch Woodworking General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.12M
CAP Approach
CAP
$840k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.12M
Owner & transaction history
Joel Crane · 2 yrs held
Joel Crane
since 2024
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$695,000
+29.0%
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 Essex submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Essex 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
$1,115,000
ML approach
$1,115,000
CAP Approach
CAP Return
Estimation
6%
$910,000
6.5%
$840,000
7%
$780,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$695,000
Change: +29% · Conversion: Easy
Blend value · Realmo final
$1.12M
Range $1.00M – $1.23M · ±10% · vs last sale $1.12M (Feb 15 2024)
Last sale anchor
$1.12M
Feb 15 2024
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
$413 / 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
$9,371
Tax year 2024
Assessed value
$703,500
Assessed 2024
Previous assessed
$602,000
+16.9% YoY
Effective rate
1.33%
On assessed value
Assessed land
$346,000
Assessed improvement
$357,500
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1810
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
2
Units
2
Rooms
6
Bathrooms
5
Total area
2,698 SF
Lot
0.18 ac (7,736 SF)
APN
ESSE M:136 L:124
UPID
US38-0843070
Jurisdiction
ESSEX
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$695,000
OFFICE BUILDING
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
1810
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
1
Units
2
Rooms
6
Bathrooms
5
Lot
0.18 ac
Current owner
From public records · entity-resolved
Joel Crane
Individual
Mailing address
143 MAIN ST, ESSEX, MA 01929
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2026
—
Joel Crane
—
Deed
related
$1,090,000 · Cape Ann Savings Bank
Feb 15, 2024
$1,117,000
Joel Crane
Alfred F Brosch
Quit Claim Arm's Length For Ne States
$1,061,150 · Movement Mortgage
Jan 19, 2021
—
Alfred F Brosch
—
Deed
related
$266,000 · Bankgloucester (gloucester Coop Bank)
Jan 16, 2019
—
Alfred F Brosch
Brosch,alfred F
Quit Claim Deed
related
$165,000 · Bankgloucester
Jul 12, 2010
—
Alfred F Brosch
—
Deed Of Trust
related
$180,000 · Rockport National Bank
May 31, 2007
—
Alfred F Brosch
—
Deed Of Trust
related
$175,000 · Gloucester Capital Bank
Jul 10, 2006
—
Alfred F Brosch
—
Deed Of Trust
related
$60,000 · Gloucester Capital Bank
May 19, 1998
—
Alfred F Brosch
—
Deed Of Trust
related
$135,000 · Fleet Mortgage Corp
Jun 15, 1987
$195,000
Alfred F Brosch
Pascucci,william M
Grant Deed
$165,700 · National Grand Bank Marblhd
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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