Financial
Distress signals
Property profile

28 Atlantic Ave 3 Marblehead, MA 01945

FOR SALE
Other investment properties
Property ID
US38-1380761
6,228 SF 0.2 ac lot Built 1948
Last sale May 2020 · $900,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This renovated office space is located on the second floor of a mixed-use building and is configured with a private entrance, two storage closets, and a full bathroom. The space has numerous windows that provide natural light, with an internal layout suited to office use. The building dates to 1900 and is situated on the corner of Atlantic Avenue and Hawkes Street in downtown Marblehead within the shopping district; the surrounding area includes retail, dining, and fitness uses. The property is within DD, Legal Non-Conforming zoning.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$9k
Tax billed · 2024
Assessed value$1.04M
Assessed land$761k
Assessed improvement$283k
Effective rate0.90%

Value estimate

· Sep 2026
$865k
$779k – $952k
AI approach$935k
Sales comparison$1.20M

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$340/SF
ZIP average, outlier-cleaned · 26 recorded sales of this use type
Observed band · Q1–Q3$192 – $517
Qualifying comparables10

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B1
The purpose of B1 district is to promote automotive and commercial service uses.
General categoryCOMMERCIAL
JurisdictionMARBLEHEAD

Location intelligence

Which uses thrive at this corner?
Best fit: Grocery Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Grocery Store12.2
Bakery10.9
Convenience Store10.3

Location

28 Atlantic Ave, Unit 3 Marblehead, MA 01945
County assessor Recorded deeds · 1 transfer 10 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
9 State, Marblehead, MA 01945-3592 $1,525,000 Mar 2023 6,105 SF
185 Pleasant, Marblehead, MA 01945-2378 $1,165,000 Sep 2022 4,624 SF
8 Spg, Marblehead, MA 01945-3314 $97,000 May 2022 3,702 SF
153 Atlantic, Marblehead, MA 01945-3011 $779,000 Sep 2021 3,372 SF
9-11 Pleasant, Marblehead, MA 01945 $376,000 May 2019 6,162 SF
92 Washington, Marblehead, MA 01945-3687 $600,000 Feb 2019 5,722 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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