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Property profile & analytics
OFF-MARKET
Estimated value
$1,835,000
Office buildings
242 Main St, Amesbury, MA 01913-3764
Individually Owned
3-yr Hold
Free & Clear
Property ID
US38-1665270
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2013
Construction
FRAME
Total area
7,152 SF
Lot
0.2 ac (8,629 SF)
Zoning code
C
APN
AMES M:77 B:0028
UPID
US38-1665270
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
-
North Boston Oral and Facial Surgery Dental Office
-
Dr Blaeser Dental Office
-
Kraus James, DMD OMFS Dental Office
-
Amesbury House of Pizza Restaurant
-
Bart Frederick Blaeser Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.27M
Blend (final)
Blend
$1.84M
Owner & transaction history
Tassis Ft · 3 yrs held
Tassis Ft
since 2023
5 recorded transactions
Zoning & alternative use
C · Amesbury, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.5M
+34.3%
Apartment house (5+ units)
$2.3M
+24.4%
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 Amesbury submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Amesbury 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,840,000
Current use
RESTAURANT
$2,470,000
Change: +34% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$2,285,000
Change: +24% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,715,000
Change: -7% · Conversion: Difficult
RETAIL STORES
$1,590,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$1.84M
Range $1.65M – $2.02M · ±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
$257 / 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
$18,391
Tax year 2024
Assessed value
$1,175,900
Assessed 2024
Previous assessed
$1,175,900
+0.0% YoY
Effective rate
1.56%
On assessed value
Assessed land
$266,100
Assessed improvement
$909,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Lease
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2013
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
5
Rooms
10
Bathrooms
5
Total area
7,152 SF
Lot
0.2 ac (8,629 SF)
Zoning code
C
APN
AMES M:77 B:0028
UPID
US38-1665270
Jurisdiction
AMESBURY
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
C · Amesbury, MA
Zoning C · permitted uses
C · Amesbury, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Amesbury. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.8M
RESTAURANT
Est. value
$2.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$1.7M
RETAIL STORES
Est. value
$1.6M
OFFICE BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
RETAIL STORES
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
2013
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
5
Rooms
10
Bathrooms
5
Lot
0.2 ac
Current owner
From public records · entity-resolved
Tassis Ft
Individual
Free & Clear · 3 yrs held
Mailing address
8 JAK LEN DR, SALISBURY, MA 01952-1432
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 9, 2023
—
Tassis Ft
Lambrini Tassis
Quit Claim Deed
related
—
May 22, 2023
—
Tassis Ft
Tassis Apostolos Est
Personal Representative Deed
—
May 31, 2012
$1
Apostolos Tassis
Tropic Star Dev LLC
Grant Deed
related
—
Jul 10, 1992
—
Richard T Lacasse
—
Deed Of Trust
related
$108,807 · Bankboston Development Co LLC
Apr 25, 1991
—
Richard G Lacasse
—
Deed Of Trust
related
$63,840 · G & V INC
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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