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Property profile & analytics
OFF-MARKET
Investment properties
228 Western Ave, Essex, MA 01929-1106
Individually Owned
33-yr Hold
Property ID
US38-0498228
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Lot
0.69 ac (30,000 SF)
Zoning code
RS2
APN
ESSE M:144 L:16
UPID
US38-0498228
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Percy G Keighley · 33 yrs held
Percy G Keighley
since 1993
7 recorded transactions
Zoning & alternative use
RS2 · Essex, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$9,094
Tax year 2024
Assessed value
$682,700
Assessed 2024
Previous assessed
$609,900
+11.9% YoY
Effective rate
1.33%
On assessed value
Assessed land
$341,400
Assessed improvement
$341,300
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
Heating
WOOD FURNACE
Buildings
2
Units
2
Lot
0.69 ac (30,000 SF)
Zoning code
RS2
APN
ESSE M:144 L:16
UPID
US38-0498228
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.
Building & site characteristics
From public records
Heating
WOOD FURNACE
Buildings
2
Units
2
Lot
0.69 ac
Current owner
From public records · entity-resolved
Percy G Keighley
Individual
Mailing address
228 WESTERN AVE, ESSEX, MA 01929-1106
Ownership since
1993
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2022
—
Percy G Keighley
—
Deed
related
$50,000 · Cape Ann Savings Bank
Nov 21, 2013
—
Percy G Keighley
—
Deed Of Trust
related
$30,000 · Cape Ann Savings Bank
May 15, 2013
—
Percy G Keighley
—
Deed Of Trust
related
$199,000 · Cape Ann Savings Bank
Jun 11, 2008
—
Percy C Keighley
—
Deed Of Trust
related
$210,000 · Cape Ann Savings Bank
Nov 28, 2006
—
Percy G Keighley
—
Deed Of Trust
related
$182,000 · Cape Ann Savings Bank
Dec 2, 2003
—
Percy Keighley
—
Deed Of Trust
related
$30,000 · Cape Ann Savings Bank
May 2, 1994
—
Percy G Keighley
—
Deed Of Trust
related
$200,000 · Cape Ann Savings Bank
Apr 14, 1993
—
Percy G Keighley
—
Deed Of Trust
related
$10,000 · Cape Ann Savings Bank
Mar 19, 1993
$50,000
Percy G Keighley
Dietrich,h Curtiss
Grant Deed
—
Mar 19, 1993
—
Percy G Keighley
—
Deed Of Trust
related
$160,000 · Cape Ann Savings Bank
Aug 9, 1989
—
Thomas Dietrich
—
Deed Of Trust
related
$260,000 · Zwi Kohorn
May 12, 1989
$220,000
Thomas Dietrich
Wall,patrick J
Grant Deed
$260,000 · Granite Savings Bank
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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