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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Office buildings
3 Kent Way Newbury, MA 01922-1220
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US38-2297192
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1960
Construction
FRAME
Total area
1,410 SF
Lot
0.37 ac (16,000 SF)
Zoning code
COM
APN
NEWB M:0U14 B:0000 L:00005
UPID
US38-2297192
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$645k
Comparable Approach
Comparable
$568k
Blend (final)
Blend
$570k
Owner & transaction history
Robin D Davies · 9 yrs held
Robin D Davies
since 2017
7 recorded transactions
Zoning & alternative use
COM · Newbury, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Newbury submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newbury 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%
$700,000
6.5%
$645,000
7%
$600,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$360,000
Current use
Blend value · Realmo final
$570k
Range $513k – $627k · ±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
$404 / 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
$3,589
Tax year 2024
Assessed value
$467,300
Assessed 2024
Previous assessed
$467,300
+0.0% YoY
Effective rate
0.77%
On assessed value
Assessed land
$339,100
Assessed improvement
$128,200
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1960
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
1
Units
1
Rooms
6
Bathrooms
2
Total area
1,410 SF
Lot
0.37 ac (16,000 SF)
Zoning code
COM
APN
NEWB M:0U14 B:0000 L:00005
UPID
US38-2297192
Jurisdiction
NEWBURY
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
COM · Newbury, MA
Zoning COM · permitted uses
COM · Newbury, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newbury. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$360,000
OFFICE BUILDING Current
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
1960
Construction
FRAME
Heating
HOT WATER
Stories
1
Buildings
1
Units
1
Rooms
6
Bathrooms
2
Lot
0.37 ac
Current owner
From public records · entity-resolved
Robin D Davies
Individual
Mailing address
3 KENT WAY, BYFIELD, MA 01922-1220
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2017
—
Robin D Davies
Brian L Davies JR
Quit Claim Deed
related
$200,813 · Santander Bk NA
Jun 24, 2005
$317,578
Brian L Davies JR.
Daniels,dawn
Grant Deed
—
Jun 24, 2005
—
Brian L Davies JR.
—
Deed Of Trust
related
$253,000 · Powder House Mortgage Co
Feb 26, 2003
—
Dawn M Daniels
—
Deed Of Trust
related
$190,000 · Members Mortgage
May 8, 2001
—
Kevin E Daniels
—
Deed Of Trust
related
$185,100 · Ameriquest Mortgage Corp
May 17, 1999
—
Kevin E Daniels
—
Deed Of Trust
related
$25,976 · Home Loan & Investment Bank
Nov 16, 1998
—
Kevin E Daniels
—
Deed Of Trust
related
$134,750 · First Financial 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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