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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Investment properties
28 Market St, Amesbury, MA 01913-2449
Entity Owned
4-yr Hold
Property ID
US38-0516138
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1890
Construction
FRAME
Total area
4,064 SF
Lot
0.08 ac (3,525 SF)
Zoning code
CB
APN
AMES M:53 B:0025
UPID
US38-0516138
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$700k
Blend (final)
Blend
$570k
Owner & transaction history
28 Market Street LLC · 4 yrs held
28 Market Street LLC
since 2021
Last sale
$589,000
7 recorded transactions
Zoning & alternative use
CB · Amesbury, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$905,000
+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 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
$515,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$810,000
Current use
RETAIL STORES
$905,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$570k
Range $513k – $627k · ±10% · vs last sale $589k (Jul 28 2021)
Last sale anchor
$589k
Jul 28 2021
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
$140 / 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
$8,686
Tax year 2024
Assessed value
$555,400
Assessed 2024
Previous assessed
$555,400
+0.0% YoY
Effective rate
1.56%
On assessed value
Assessed land
$213,600
Assessed improvement
$341,800
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1890
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
2
Units
4
Rooms
12
Bathrooms
4
Total area
4,064 SF
Lot
0.08 ac (3,525 SF)
Zoning code
CB
APN
AMES M:53 B:0025
UPID
US38-0516138
Jurisdiction
AMESBURY
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
CB · Amesbury, MA
Zoning CB · permitted uses
CB · 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
COMMERCIAL (GENERAL) Current
Est. value
$810,000
RETAIL STORES
Est. value
$905,000
COMMERCIAL (GENERAL) Current
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
1890
Construction
FRAME
Heating
FORCED AIR
Stories
2
Buildings
1
Units
4
Rooms
12
Bathrooms
4
Lot
0.08 ac
Current owner
From public records · entity-resolved
28 Market Street LLC
Entity
Mailing address
201 HIGH ST, NEWBURYPORT, MA 01950-3885
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2022
—
28 Market Street LLC
—
Deed
related
$441,750 · Newburyport Five Cents Savings Bank
Jul 28, 2021
$589,000
28 Market Street LLC
Bradley J Towns
Quit Claim Arm's Length For Ne States
—
Jan 24, 2011
—
Melissa A Towns
—
Deed Of Trust
related
$221,500 · Cambridge Mortgage Group
May 14, 2003
—
Bradley J Towns
—
Deed Of Trust
related
$170,000 · Newburyport Five Cent
Apr 24, 2000
—
Bradley J Towns
—
Deed Of Trust
related
$43,000 · Newburyport Five Cent
Mar 29, 1999
$140,000
Melissa A Towns
Brown,jonathan
Grant Deed
$108,500 · Newburyport Five Cent
Nov 21, 1997
—
Jonathan Brown
—
Deed Of Trust
related
$125,800 · Contimortgage Corp
Feb 6, 1996
—
Jonathan Brown
—
Deed Of Trust
related
$114,100 · Sara Street
Nov 28, 1995
$134,000
Jonathan Brown
Fenton,richard T
Grant Deed
$107,200 · First City Capital Corp
Nov 28, 1995
—
Jonathan Brown
—
Deed Of Trust
related
$6,700 · Zenon Grzybowski
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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