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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Investment properties
2 Northern Blvd, Newbury, MA 01951-1934
Entity Owned
Free & Clear
Property ID
US38-0455445
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1970
Construction
FRAME
Total area
1,350 SF
Lot
0.38 ac (16,509 SF)
Zoning code
AR4
APN
NEWB M:0U02 B:0000 L:00026
UPID
US38-0455445
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$665k
CAP Approach
CAP
$420k
Comparable Approach
Comparable
$410k
Blend (final)
Blend
$685k
Owner & transaction history
Snagadreem LLC
Snagadreem LLC
since 2025
Last sale
$720,000
7 recorded transactions
Zoning & alternative use
AR4 · Newbury, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Newbury submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newbury 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
$630,000
ML approach
$665,000
CAP Approach
CAP Return
Estimation
6%
$455,000
6.5%
$420,000
7%
$390,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$685,000
Current use
Blend value · Realmo final
$685k
Range $617k – $754k · ±10% · vs last sale $720k (Feb 16 2021)
Last sale anchor
$720k
Feb 16 2021
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
$507 / 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
$9,003
Tax year 2024
Assessed value
$1,172,300
Assessed 2024
Previous assessed
$1,172,300
+0.0% YoY
Effective rate
0.77%
On assessed value
Assessed land
$1,006,600
Assessed improvement
$165,700
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1970
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
2
Units
2
Rooms
4
Bathrooms
2
Total area
1,350 SF
Lot
0.38 ac (16,509 SF)
Zoning code
AR4
APN
NEWB M:0U02 B:0000 L:00026
UPID
US38-0455445
Jurisdiction
NEWBURY
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
AR4 · Newbury, MA
Zoning AR4 · permitted uses
AR4 · Newbury, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newbury. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$685,000
COMMERCIAL (GENERAL) Current
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
1970
Construction
FRAME
Heating
FORCED AIR
Stories
2
Buildings
1
Units
2
Rooms
4
Bathrooms
2
Lot
0.38 ac
Current owner
From public records · entity-resolved
Snagadreem LLC
Entity
Free & Clear · 0 yrs held
Mailing address
135 FROTHINGHAM ST, LOWELL, MA 01852-3037
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2025
$1,300,000
Snagadreem LLC
Sambelmag Properties LLC
Deed
—
Jun 29, 2021
—
Sambelmag Prop LLC
—
Deed
related
$540,000 · Jeanne D Arc Cu
Feb 16, 2021
$720,000
Sambelmag Properties LLC
Sunrise Sunset LLC
Quit Claim Arm's Length For Ne States
—
Apr 7, 2017
—
Sunrise Sunset LLC
—
Deed
related
$350,000 · Pentucket Bank
Apr 11, 2016
$450,000
Sunrise Sunset LLC
Safire LLC
Quit Claim Deed
—
Aug 26, 2005
$1
Safire LLC
Turquoise LLC
Grant Deed
related
—
Apr 29, 2005
$1,115,000
Turquoise LLC
Chicklis Sarantos RT
Grant Deed
—
Jan 4, 1996
$280,000
Chicklis Sarantos RT
Langis,william J
Grant Deed
$200,000 · Newburyport Five Cent
Mar 30, 1995
$180,000
William J Langis
Bedford Mtg Corp
Grant Deed
$180,000 · Newburyport Five Cent
Mar 30, 1995
—
William J Langis
—
Deed Of Trust
related
$10,075 · Newburyport Five Cent
Jan 10, 1995
$150,000
Bedford Mortgage Corp
Ocean RT
Grant Deed
related
—
Apr 27, 1992
$238,000
RT Ocean
Bedford Mtg Corp
Grant Deed
$225,000 · Wmc Mortgage Corp
Nov 24, 1989
—
Theodore Nichols
—
Deed Of Trust
related
$188,000 · Zmc Trust Et Al 2nd
Dec 27, 1988
—
Northern Blvd Dev Tr
—
Deed Of Trust
related
$75,000 · Zwi Kohorn
Mar 11, 1988
—
Daniel P Gaynor
—
Deed Of Trust
related
$125,000 · Wmc Mortgage Corp
Sep 15, 1987
—
Daniel P Gaynor
—
Deed Of Trust
related
$225,000 · Wmc Mortgage Corp
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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