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Property profile & analytics
OFF-MARKET
Estimated value
$1,810,000
Investment properties
24 Central St, Ipswich, MA 01938-1912
Entity Owned
Property ID
US38-0257334
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1890
Construction
FRAME
Total area
12,746 SF
Lot
0.14 ac (5,920 SF)
Zoning code
CB
APN
IPSW M:42A B:0221 L:0
UPID
US38-0257334
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
-
Michael Naimo Photographer Photography Service (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.64M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.11M
Blend (final)
Blend
$1.81M
Owner & transaction history
Anfm Realty LLC
Anfm Realty LLC
since 2026
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
CB · Ipswich, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.8M
+11.6%
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
$1,595,000
ML approach
$1,640,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,540,000
Current use
RETAIL STORES
$2,835,000
Change: +12% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,085,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$1.81M
Range $1.63M – $1.99M · ±10% · vs last sale $1.85M (Jun 16 2022)
Last sale anchor
$1.85M
Jun 16 2022
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
$142 / 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
$20,753
Tax year 2024
Assessed value
$1,823,600
Assessed 2024
Previous assessed
$1,823,600
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$284,600
Assessed improvement
$1,539,000
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
1890
Construction
FRAME
Heating
STEAM
Buildings
1
Stories
4
Units
12
Rooms
25
Bathrooms
10
Total area
12,746 SF
Lot
0.14 ac (5,920 SF)
Zoning code
CB
APN
IPSW M:42A B:0221 L:0
UPID
US38-0257334
Jurisdiction
IPSWICH
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
CB · Ipswich, MA
Zoning CB · permitted uses
CB · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.5M
RETAIL STORES
Est. value
$2.8M
INDUSTRIAL (GENERAL)
Est. value
$2.1M
COMMERCIAL (GENERAL) Current
RETAIL STORES
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1890
Construction
FRAME
Heating
STEAM
Stories
4
Buildings
1
Units
12
Rooms
25
Bathrooms
10
Lot
0.14 ac
Current owner
From public records · entity-resolved
Anfm Realty LLC
Entity
Mailing address
27 WATER ST, WAKEFIELD, MA 01880-3032
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 20, 2026
—
Anfm Realty LLC
20-24 Central Street LLC
Quitclaim Deed
related
$4,500,000 · Northern Bank & T Co
Jun 27, 2025
—
20-24 Central Street LLC
Anfm Realty LLC
Quitclaim Deed
related
$4,200,000 · Gccg Lending LLC
Jun 16, 2022
—
Anfm Realty LLC
20-24 Central Street LLC
Quit Claim Deed
related
—
Feb 8, 2022
—
20-24 Central Street LLC
Anfm Realty LLC
Quit Claim Deed
related
—
Jan 27, 2022
—
Anfm Realty LLC
—
Deed
related
$8,700,000 · Lowell Five Cents Savings Bank
Jan 20, 2022
—
Anfm Realty LLC
20-24 Central Street LLC
Quit Claim Deed
related
—
Dec 11, 2020
$1,850,000
20-24 Central Street LLC
Trg Penta LLC
Quit Claim Arm's Length For Ne States
$1,295,000 · Enterprise Bank & Trust Co
Dec 31, 2010
$1
22 Central Street Nt
First Natl Bk Of Ipswich
Grant Deed
—
Dec 31, 2010
$440,000
Trg Penta LLC
22 Central Street Nt
Grant Deed
—
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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