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Property profile & analytics
OFF-MARKET
Estimated value
$1,235,000
Retail space
17 Pleasant St, Marblehead, MA 01945-3431
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-0712035
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1860
Construction
FRAME
Total area
6,156 SF
Lot
0.05 ac (2,080 SF)
Zoning code
HIST
APN
MARB M:0149 B:0009 L:0
UPID
US38-0712035
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
-
Grace Community Church Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.35M
CAP Approach
CAP
$1.56M
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$1.24M
Owner & transaction history
Old Town Properties LLC · 3 yrs held
Old Town Properties LLC
since 2022
Last sale
$1.2M
6 recorded transactions
Zoning & alternative use
HIST · Marblehead, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.0M
+43.8%
Office building
$1.6M
+15.6%
Auto repair, garage
$1.5M
+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
$1,300,000
ML approach
$1,345,000
CAP Approach
CAP Return
Estimation
6%
$1,685,000
6.5%
$1,555,000
7%
$1,445,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,370,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,970,000
Change: +44% · Conversion: Difficult
OFFICE BUILDING
$1,580,000
Change: +16% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,475,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$1.24M
Range $1.11M – $1.36M · ±10% · vs last sale $1.24M (Oct 31 2022)
Last sale anchor
$1.24M
Oct 31 2022
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
$201 / 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
$10,796
Tax year 2024
Assessed value
$1,204,900
Assessed 2024
Previous assessed
$1,124,600
+7.1% YoY
Effective rate
0.90%
On assessed value
Assessed land
$578,200
Assessed improvement
$626,700
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
1860
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
7
Bathrooms
3
Total area
6,156 SF
Lot
0.05 ac (2,080 SF)
Zoning code
HIST
APN
MARB M:0149 B:0009 L:0
UPID
US38-0712035
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.5M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
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
1860
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
7
Bathrooms
3
Lot
0.05 ac
Current owner
From public records · entity-resolved
Old Town Properties LLC
Entity
Mailing address
1 CURTIS ST, EAST BOSTON, MA 02128-5162
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2022
$1,237,500
Old Town Properties LLC
Two Harbor Properties LLC
Quit Claim Arm's Length For Ne States
$928,125 · Eagle Bank
Jan 20, 2022
—
2 Harbor Properties LLC
—
Deed
related
$800,000 · Marblehead Savings Bank
Apr 23, 2021
—
2 Hbr Prop LLC
—
Deed
related
$140,000 · Marblehead Savings Bank
Jul 24, 2017
$975,000
2 Harbor Properties Ll
Grey Lady RT
Quit Claim Arm's Length For Ne States
$731,250 · Marblehead Savings Bank
Aug 1, 2001
—
Lady RT Grey
—
Deed Of Trust
related
$30,000 · National Grand Bank Marblhd
Nov 10, 2000
—
Lady RT Grey
—
Deed Of Trust
related
$500,000 · 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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