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    Property profile & analytics

    234 John Wise Ave Essex, MA 01929-1059

    • Turn key restaurants
    • 4,520 SF
    • 19.31 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US38-1053952
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Boat House Grille Essex / Takeout Restaurant / Restaurant

    Property Details for 234 John Wise Ave

    Year built
    1958
    Construction
    FRAME
    Lot size
    19.31 lot acres
    Property size
    4,520 SF
    Zone code
    C00
    Property type
    Turn key restaurants
    APN
    ESSE M:105 L:19
    APU
    ESSEM105L19

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Essex
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.8054
    Latitude
    42.652
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $11,594
    $443,000
    $427,400
    $870,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      5,846 SF

      109 Eastern Ave

      RESTAURANT • 5,846 SF
      109 Eastern Ave, Essex, MA 01929-1331
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    • Value Estimation by Request
      9,910 SF

      99 Main St

      RESTAURANT • 9,910 SF
      99 Main St, Essex, MA 01929-1305
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    • Value Estimation
      $245,000
      1,682 SF

      235 Western Ave

      RESTAURANT • 1,682 SF
      235 Western Ave, Essex, MA 01929-1165
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    • Value Estimation by Request
      6,130 SF

      63 Eastern Ave

      RESTAURANT • 6,130 SF
      63 Eastern Ave, Essex, MA 01929
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      3,124 SF

      112 Main St

      RESTAURANT • 3,124 SF
      112 Main St, Essex, MA 01929-1304
      View Details
    • Value Estimation
      $1,175,000
      3,829 SF

      74 Main St

      RESTAURANT • 3,829 SF
      74 Main St, Essex, MA 01929-1343
      View Details

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      State-of-the-art brewery in historic Essex, Massachusetts, ready for operation.
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    Similar Nearby for Lease

    • $15 SF/Yr

      Turnkey Restaurant in Historic Building

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      Office space suitable for medical or general commercial use.
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      Essex Flex Space with Garage

      2,500 SF flex space with garage entry available for rent.
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      View Details
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    234 John Wise Ave
    Essex, MA 01929-1059
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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