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Property profile & analytics
OFF-MARKET
Estimated value
$1,755,000
Retail space
198 Main St Amesbury, MA 01913
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US38-1356871
Property summary
AI-generated overview
This exceptional investment opportunity presents a fee-simple ownership of a 8,777 square foot Dollar General store located at 198 Main St, Amesbury, MA 01913. The property, built in 1994 and renovated in 2024, sits on a 0.69-acre lot within the Shops at Patten's Hollow, benefiting from high visibility on a primary corridor. A new 10-year Double Net Lease commenced June 29, 2024, with 9.6 years remaining and four 5-year renewal options. The lease includes attractive 10% rent increases every five years, providing a strong hedge against inflation. The property boasts a 7.50% cap rate and a current NOI of $131,778. Dollar General, a credit-rated tenant with a corporate guarantee, provides minimal landlord responsibilities (landlord responsible for roof and structure
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,905 SF
Lot
0.7 ac (30,290 SF)
Zoning code
PUD
APN
AMES M:65 B:0086
UPID
US38-1356871
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
-
Dollar General Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.76M
CAP Approach
CAP
$2.25M
Comparable Approach
Comparable
$1.56M
Blend (final)
Blend
$1.76M
Owner & transaction history
Triple 7 Investments LLC · 1 yrs held
Triple 7 Investments LLC
since 2024
Last sale
$1.8M
3 recorded transactions
Zoning & alternative use
PUD · Amesbury, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district is to provide planned unit developments.
Zone name
Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
113.95 ac
Source
Realmo
Top alternative use upside
Apartment house (5+ units)
$2.8M
+43.8%
Office building
$2.3M
+15.6%
Auto repair, garage
$2.1M
+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 Amesbury submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Amesbury 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
$1,755,000
ML approach
$1,755,000
CAP Approach
CAP Return
Estimation
6%
$2,440,000
6.5%
$2,250,000
7%
$2,090,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,980,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,845,000
Change: +44% · Conversion: Difficult
OFFICE BUILDING
$2,290,000
Change: +16% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,135,000
Change: +8% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,775,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$1.76M
Range $1.58M – $1.93M · ±10% · vs last sale $1.76M (Nov 22 2024)
Last sale anchor
$1.76M
Nov 22 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
$197 / 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
$17,404
Tax year 2024
Assessed value
$1,112,800
Assessed 2024
Previous assessed
$1,112,800
+0.0% YoY
Effective rate
1.56%
On assessed value
Assessed land
$309,500
Assessed improvement
$803,300
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Rooms
4
Bathrooms
2
Total area
8,905 SF
Lot
0.7 ac (30,290 SF)
Zoning code
PUD
APN
AMES M:65 B:0086
UPID
US38-1356871
Jurisdiction
AMESBURY
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
PUD · Amesbury, MAZoning PUD · permitted uses
PUD · Amesbury, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this district is to provide planned unit developments.
Zone name
Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
113.95 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.8M
OFFICE BUILDING
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$1.8M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Rooms
4
Bathrooms
2
Lot
0.7 ac
Current owner
From public records · entity-resolved
Triple 7 Investments LLC
Entity
Mailing address
23 CONCORD ST, WILMINGTON, MA 01887-2131
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2024
$1,757,040
Triple 7 Investments LLC
Amesbury Realty Corp
Deed
$1,200,000 · North Shore Bank
Jun 1, 2009
—
Amesbury Realty Corp
—
Deed Of Trust
related
$3,500,000 · Gary Needham
Jun 29, 1994
$100,000
Amesbury Realty Corp
Jardis Realty Corp
Grant Deed
$800,000 · Ocean National Bank
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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