Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    234 Summer St, Unit 2 Haverhill, MA 01830-6318

    • Office Properties & Spaces
    • 575 SF
    OFF-MARKET
    Value Estimations
    $255,000
    Show details
    Cap Rate Potential
    5.7%
    Office Properties & Spaces
    Location Intelligence
    Property ID
    US38-0452359
    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

    • SUMMER STREET DENTAL / Dentist
    • Franz & Sciuto / Dentist
    • Dr. Bruce R. Franz, DMD / Dentist
    • Joseph A. Cardarelli, Jr., D.M.D. / Orthodontist
    • David P. Malouf, D.M.D. C.A.G.S. / Orthodontist

    Property Details for 234 Summer St

    Year built
    1972
    Construction
    FRAME
    Property size
    575 SF
    Property type
    Office Properties & Spaces
    APN
    HAVE M:0403 B:00092 L:24-2
    APU
    HAVEM0403B00092L242

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $300,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $285,000
      6.5%
      $265,000
      7%
      $245,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $200,000
      Market price range: $75.9k - $200k
      AI Estimate
      $217,000
      Market price range: $49.7k - $218k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Haverhill
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.0672
    Latitude
    42.7764
    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
    $2,674
    $0.00
    $138,200
    $138,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $255,000
      502 SF

      160 Main St Ste, Unit 1

      CONDOMINIUM OFFICES • 502 SF
      160 Main St Ste, Haverhill, MA 01830-5000
      View Details
    • Value Estimation
      $245,000
      452 SF

      160 Main St Ste, Unit 3

      CONDOMINIUM OFFICES • 452 SF
      160 Main St Ste, Haverhill, MA 01830-5000
      View Details
    • Value Estimation
      $320,000
      1,470 SF

      288 Groveland St, Unit 3

      CONDOMINIUM OFFICES • 1,470 SF
      288 Groveland St, Haverhill, MA 01830-6669
      View Details
    • Value Estimation
      $325,000
      915 SF

      288 Groveland St, Unit 2

      CONDOMINIUM OFFICES • 915 SF
      288 Groveland St, Haverhill, MA 01830-6669
      View Details
    • Value Estimation
      $300,000
      2,350 SF

      288 Groveland St, Unit 2

      CONDOMINIUM OFFICES • 2,350 SF
      288 Groveland St, Haverhill, MA 01830-6669
      View Details
    • Value Estimation
      $390,000
      982 SF

      200 Merrimack St, Unit 10

      CONDOMINIUM OFFICES • 982 SF
      200 Merrimack St, Haverhill, MA 01830-6154
      View Details

    Similar Nearby for Sale

    • $1,099,000

      7 William St

      Schools
      7 William St, Haverhill, MA 01830
      View Details
    • $999,999
      6,839 SF

      Haverhill Development Opportunity

      Oversized building with large lot in accessible Haverhill location.
      7 William St, Haverhill, MA 01830
      View Details
    • $575,000
      3,287 SF

      Professional Office Building For Sale

      Office building with conference rooms and private offices available for sale.
      345 Main St, Haverhill, MA 01830
      View Details
    • $249,900
      1,133 SF

      Main Street Retail/Office Opportunity

      Retail storefront and updated office spaces near 495 expressway.
      1148 Main St, Haverhill, MA 01830
      View Details
    • $650,000

      Versatile Two-Family Property with Attic

      Two-family property with finished attic, ideal for investment.
      288 Primrose St, Haverhill, MA 01830
      View Details
    • $785,000

      Haverhill Two-Family Investment Opportunity

      Updated two-family property with tenant in place until 2026.
      76-78 Marshland St, Haverhill, MA 01830
      View Details

    Similar Nearby for Lease

    • $795 /Mo
      700 SF

      Haverhill Office Space For Rent

      700 SF office space available in Haverhill, Massachusetts.
      800 Broadway, Haverhill, MA 01830
      View Details
    • $650 /Mo
      800 SF

      Charming Victorian Office Space Available

      Victorian office suites with hardwood floors and shared conference room.
      150 Summer St, Haverhill, MA 01830
      View Details
    • $1,200 /Mo
      879 SF

      Haverhill Retail or Office Space

      879 sq ft unit suitable for retail or office.
      37 Stevens St, Haverhill, MA 01830
      View Details
    • $24 SF/Yr
      3,525 SF

      Versatile Space with River Views

      Office, retail, or restaurant space with parking and green space.
      2-20 Merrimack St, Haverhill, MA 01830
      View Details
    • $1,200 /Mo

      Downtown Haverhill Move-In Ready Office

      Move-in ready office space in the heart of downtown.
      160 Main St, Haverhill, MA 01830
      View Details
    • $21 SF/Yr

      Downtown Haverhill Retail Spaces Available

      Renovated retail spaces in downtown Haverhill, ranging from 513-1,053 SF.
      84 Locust St, Haverhill, MA 01830
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    234 Summer St, Unit 2
    Haverhill, MA 01830-6318
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.