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    Property profile & analytics

    197 Western Ave Essex, MA 01929-1190

    • Manufacturing properties
    • 29,752 SF
    • 2.85 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US38-0561036
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Atlantic Industrial Models / Manufacturer

    Property Details for 197 Western Ave

    Year built
    1954
    Construction
    STEEL FRAME
    Lot size
    2.85 lot acres
    Property size
    29,752 SF
    Zone code
    C00
    Property type
    Manufacturing properties
    APN
    ESSE M:144 L:58
    APU
    ESSEM144L58

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Essex
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.811
    Latitude
    42.6255
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $19,931
    $648,600
    $847,700
    $1,496,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $330,000
      6,924 SF

      174 Western Ave

      MANUFACTURING (LIGHT) • 6,924 SF
      174 Western Ave, Essex, MA 01929-1110
      View Details
    • Value Estimation
      $325,000
      10,000 SF

      9 Scotts Way

      MANUFACTURING (LIGHT) • 10,000 SF
      9 Scotts Way, Essex, MA 01929-1120
      View Details
    • Value Estimation
      $1,320,000
      13,972 SF

      7 Essex Park Rd

      MANUFACTURING (LIGHT) • 13,972 SF
      7 Essex Park Rd, Essex, MA 01929-1125
      View Details
    • Value Estimation
      $835,000
      2,860 SF

      17 Grove St Sta, Unit A

      CONDOMINIUMS (INDUSTRIAL) • 2,860 SF
      17 Grove St Sta, Essex, MA 01929
      View Details
    • Value Estimation
      $255,000
      4,680 SF

      10 Scotts Way

      WAREHOUSE, STORAGE • 4,680 SF
      10 Scotts Way, Essex, MA 01929-1120
      View Details
    • Value Estimation
      $395,000
      6,564 SF

      106 Western Ave Ste 2b

      CONDOMINIUMS (INDUSTRIAL) • 6,564 SF
      106 Western Ave Ste 2b, Essex, MA 01929-1177
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      View Details
    • $1,299,000

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      Two-family property in central Essex location with investment and conversion potential.
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      1,114 SF

      Renovated Coffee Shop with Main Street Frontage

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      162 Main St, Essex, MA 01929
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    Similar Nearby for Lease

    • $3,500 /Mo

      Essex Flex Space with Garage

      2,500 SF flex space with garage entry available for rent.
      60 John Wise Ave, Essex, MA 01929
      View Details
    • $2,800 /Mo
      1,700 SF

      Versatile Office Space for Rent

      Office space suitable for medical or general commercial use.
      74 Martin St, Essex, MA 01929
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      Restaurant in landmark New England property with seating for 165.
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    197 Western Ave
    Essex, MA 01929-1190
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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