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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Gas stations
20 Main St Ipswich, MA 01938-2357
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US38-0855203
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Year built
1959
Construction
STEEL FRAME
Total area
2,981 SF
Lot
0.3 ac (13,098 SF)
Zoning code
1R
APN
IPSW M:42A B:0136 L:0
UPID
US38-0855203
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$520k
Blend (final)
Blend
$560k
Owner & transaction history
Skillman Realty Group LLC · 13 yrs held
Skillman Realty Group LLC
since 2012
7 recorded transactions
Zoning & alternative use
1R · Ipswich, 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 Ipswich submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ipswich 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
Blend value · Realmo final
$560k
Range $504k – $616k · ±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
$188 / 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
$5,693
Tax year 2024
Assessed value
$500,300
Assessed 2024
Previous assessed
$500,300
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$371,600
Assessed improvement
$128,700
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
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Status
Off-Market
Year built
1959
Construction
STEEL FRAME
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
2,981 SF
Lot
0.3 ac (13,098 SF)
Zoning code
1R
APN
IPSW M:42A B:0136 L:0
UPID
US38-0855203
Jurisdiction
IPSWICH
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
1R · Ipswich, MA
Zoning 1R · permitted uses
1R · Ipswich, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ipswich. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1959
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
Skillman Realty Group LLC
Entity
Mailing address
58 TOPSFIELD RD, IPSWICH, MA 01938-1648
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2021
—
Skillman Rlty Grp LLC
—
Deed
related
$678,574 · Bankgloucester (gloucester Coop Bank)
Oct 16, 2019
—
Skillman Realty Group LLC
—
Deed
related
$332,000 · Bankgloucester
Dec 26, 2012
$250,000
Skillman Realty Group LLC
Leemilts Petroleum INC
Grant Deed
$112,000 · Rockport National Bank
Dec 26, 2012
—
Skillman Realty Group LLC
—
Deed Of Trust
related
$140,000 · Rockport National Bank
—
—
Skillman Realty Group LLC
—
Deed Of Trust
related
$332,000 · Bankgloucester
—
—
Skillman Realty Group LLC
—
Deed Of Trust
related
$173,000 · Bankgloucester
—
—
Skillman Realty Group LLC
—
Deed Of Trust
related
$180,000 · Granite St Economic Dev
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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