Property profile

3 Short St Ipswich, MA 01938

OFF-MARKET
Investment properties
Property ID
US38-0445616
4,260 SF 0.18 ac lot Built 1900
Individually Owned 24-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1900
Construction FRAME
Total area 4,260 SF
Lot 0.18 ac (7,749 SF)
Zoning code GB
APN IPSW M:30D B:0058 L:0
UPID US38-0445616

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Brewery & Distillery Specialty Food Shop
  • Hair Salon
  • Alternative Medicine Practice Spa & Massage Center
  • Hair Salon Nail Salon

Location

3 Short St Ipswich, MA 01938-1970
Ipswich metro Census 223200 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.06M
Blend (final) Blend
$790k

Owner & transaction history

since 2002
2 recorded transactions
2002
$451,000
2000
Price N/A

Zoning & alternative use

GB · Ipswich, MA
Zoning description

5. General Business (GB) (Added by 10/20/03 Special Town Meeting; approved by Attorney General 1/22/04) 6. Central Business (CB) District (Added by 10/20/03 Special Town Meeting; approved by Attorney General 1/22/04) 7.…

General category INDUSTRIAL
Top alternative use upside
Office building $1.1M +29.0%
Auto repair, garage $1.0M +20.2%
Retail stores $945,000 +11.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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