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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Investment properties
2 Southern Ave, Essex, MA 01929-1442
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US38-1412728
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Construction
FRAME
Total area
3,078 SF
Lot
0.34 ac (14,810 SF)
Zoning code
RS2
APN
ESSE M:136 L:86
UPID
US38-1412728
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
-
Cape Ann SUP & Surf Co, Board Barn (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$534k
Blend (final)
Blend
$500k
Owner & transaction history
Anneliese K Brosch · 8 yrs held
Anneliese K Brosch
since 2018
7 recorded transactions
Zoning & alternative use
RS2 · Essex, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$790,000
+29.0%
Auto repair, garage
$735,000
+20.2%
Retail stores
$685,000
+11.6%
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 Essex submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Essex 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$615,000
Current use
OFFICE BUILDING
$790,000
Change: +29% · Conversion: Easy
AUTO REPAIR, GARAGE
$735,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$685,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$500k
Range $450k – $550k · ±10%
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
$162 / 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
$8,092
Tax year 2024
Assessed value
$607,500
Assessed 2024
Previous assessed
$531,700
+14.3% YoY
Effective rate
1.33%
On assessed value
Assessed land
$363,700
Assessed improvement
$243,800
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
1900
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Rooms
4
Bathrooms
1
Total area
3,078 SF
Lot
0.34 ac (14,810 SF)
Zoning code
RS2
APN
ESSE M:136 L:86
UPID
US38-1412728
Jurisdiction
ESSEX
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
RS2 · Essex, MA
Zoning RS2 · permitted uses
RS2 · Essex, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Essex. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$615,000
OFFICE BUILDING
Est. value
$790,000
AUTO REPAIR, GARAGE
Est. value
$735,000
RETAIL STORES
Est. value
$685,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1900
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Rooms
4
Bathrooms
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Anneliese K Brosch
Individual
Mailing address
2 SOUTHERN AVE, ESSEX, MA 01929-1442
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2025
—
Anneliese K Brosch
—
Deed
related
$90,000 · Bankgloucester (gloucester Coop Bank)
Nov 17, 2020
—
Anneliese K Brosch
—
Deed
related
$806,000 · Bankgloucester (gloucester Coop Bank)
Mar 1, 2018
$335,000
Anneliese K Brosch
Corner Joshua S Trust
Quit Claim Deed
$318,250 · Bankgloucester
Apr 15, 2011
$335,000
Joshuas Corner RT
Four Southern Avenue Nt
Grant Deed
$200,000 · First National Bank Ipswch
Feb 25, 2002
—
Southern Ave Four
—
Deed Of Trust
related
$100,000 · First National Bank Ipswch
Sep 24, 2001
—
Southern Ave Nt
—
Deed Of Trust
related
$200,000 · First National Bank Ipswch
Mar 13, 1992
$90,000
Southern Ave Nt
Rose,ethel C
Grant Deed
—
Mar 13, 1992
—
Southern Ave Nt
—
Deed Of Trust
related
$112,000 · First National Bank Ipswch
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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