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Property profile & analytics
OFF-MARKET
Estimated value
$1,105,000
Investment properties
22 Pinecliff Dr, Marblehead, MA 01945-1248
Individually Owned
12-yr Hold
Property ID
US38-0450501
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1962
Construction
FRAME
Total area
3,714 SF
Lot
0.32 ac (13,750 SF)
Zoning code
SR
APN
MARB M:0076 B:0005 L:0
UPID
US38-0450501
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
-
Eliza Mellen-Smith Acupuncture Medical Clinic Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.16M
Comparable Approach
Comparable
$1.38M
Blend (final)
Blend
$1.11M
Owner & transaction history
Eliza Mellensmith · 12 yrs held
Eliza Mellensmith
since 2013
7 recorded transactions
Zoning & alternative use
SR · Marblehead, 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 Marblehead submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marblehead 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%
$1,255,000
6.5%
$1,155,000
7%
$1,075,000
Blend value · Realmo final
$1.11M
Range $995k – $1.22M · ±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
$298 / 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
$11,134
Tax year 2024
Assessed value
$1,242,600
Assessed 2024
Previous assessed
$1,048,900
+18.5% YoY
Effective rate
0.90%
On assessed value
Assessed land
$728,100
Assessed improvement
$514,500
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
1962
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
2
Units
1
Rooms
8
Bathrooms
4
Total area
3,714 SF
Lot
0.32 ac (13,750 SF)
Zoning code
SR
APN
MARB M:0076 B:0005 L:0
UPID
US38-0450501
Jurisdiction
MARBLEHEAD
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
SR · Marblehead, MA
Zoning SR · permitted uses
SR · Marblehead, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Marblehead. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1962
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
1
Units
1
Rooms
8
Bathrooms
4
Lot
0.32 ac
Current owner
From public records · entity-resolved
Eliza Mellensmith
Individual
Mailing address
22 PINECLIFF DR, MARBLEHEAD, MA 01945-1248
Ownership since
2013
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
Nov 26, 2013
$725,000
Eliza Mellensmith
Matthew C Brenneman
Quit Claim Arm's Length For Ne States
$520,000 · Mortgage Networks INC
Apr 15, 2009
—
Matthew C Brenneman
—
Deed Of Trust
related
$236,000 · Union Trust Mortgage Corp
Feb 10, 2006
—
Matthew C Brenneman
—
Deed Of Trust
related
$342,700 · Gary Needham
Jan 14, 2003
$627,355
Matthew C Brenneman
Gruhl,robert H
Grant Deed
$501,300 · Gary Needham
Oct 21, 2002
—
Robert H Gruhl
—
Deed Of Trust
related
$180,000 · Brotherhood Cu
Mar 31, 1992
—
Robert Gruhl
—
Deed Of Trust
related
$91,500 · Shawmut Bank Of Boston
Jul 27, 1989
—
Robert Berner
—
Deed Of Trust
related
$75,000 · Shawmut Bank Of Boston
Oct 21, 1987
—
Robert H Gruhl
—
Deed Of Trust
related
$120,000 · Bostonfivecentssvgsbk
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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