Technical
Financial
Distress signals
Property profile

2 Depot Sq Ipswich, MA 01938

OFF-MARKET
Banks
Property ID
US38-1746736
12,526 SF 0.36 ac lot Built 1995
Individually Owned 31-yr Hold Free & Clear
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Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1995
Construction FRAME
Total area 12,526 SF
Lot 0.36 ac (15,690 SF)
Zoning code CB
APN IPSW M:41B B:0216 L:0
UPID US38-1746736

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bank Loan Service
  • Atm
  • Atm

Location

2 Depot Sq Ipswich, MA 01938-1914
Ipswich metro Census 223200 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$590k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.34M
Blend (final) Blend
$965k

Owner & transaction history

since 1994
2 recorded transactions
1994
$350,000
1988
Price N/A

Zoning & alternative use

CB · Ipswich, MA
Zoning description

6. Central Business (CB) District (Added by 10/20/03 Special Town Meeting; approved by Attorney General 1/22/04) 7. Highway Business (HB) District (Added by 10/18/93 Special Town Meeting; approved by Attorney General 2/4…

General category CIVIC_INSTITUTIONAL
Top alternative use upside
Retail stores $1.6M +2.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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