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Property profile & analytics
OFF-MARKET
Estimated value
$3,980,000
Super regional malls
300 Newburyport Tpke, Rowley, MA 01969-2012
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US38-0176818
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1986
Construction
FRAME
Total area
25,844 SF
Lot
2.1 ac (91,476 SF)
APN
ROWL M:0013 B:0014D L:0000
UPID
US38-0176818
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
-
Shooter Detection Systems Building Supply General Contractor
-
Salon Avie Hair Salon
-
Seacoast Cabinet - Custom Cabinet Designer Renovation Specialist General Contractor
-
Face and Body Company Alternative Medicine Practice Spa & Massage Center
-
El Tapatio Mexican Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.98M
Owner & transaction history
Mbts 13 Elm St LLC · 5 yrs held
Mbts 13 Elm St LLC
since 2021
Last sale
$3.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.9M
+431.9%
Restaurant
$4.2M
+278.8%
Commercial (general)
$4.1M
+268.3%
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 Rowley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rowley 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
$4,530,000
ML approach
$4,245,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,935,000
Change: +432% · Conversion: Moderate
RESTAURANT
$4,230,000
Change: +279% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,110,000
Change: +268% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,405,000
Change: +205% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,340,000
Change: +199% · Conversion: Difficult
RETAIL STORES
$3,225,000
Change: +189% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,480,000
Change: +122% · Conversion: Difficult
Blend value · Realmo final
$3.98M
Range $3.58M – $4.38M · ±10% · vs last sale $3.58M (May 10 2021)
Last sale anchor
$3.58M
May 10 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
$154 / 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
$44,120
Tax year 2024
Assessed value
$3,646,300
Assessed 2024
Previous assessed
$3,646,300
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$869,900
Assessed improvement
$2,776,400
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1986
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
8
Total area
25,844 SF
Lot
2.1 ac (91,476 SF)
APN
ROWL M:0013 B:0014D L:0000
UPID
US38-0176818
Jurisdiction
ROWLEY
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$5.9M
RESTAURANT
Est. value
$4.2M
COMMERCIAL (GENERAL)
Est. value
$4.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$3.3M
RETAIL STORES
Est. value
$3.2M
INDUSTRIAL (GENERAL)
Est. value
$2.5M
OFFICE BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1986
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
8
Lot
2.1 ac
Current owner
From public records · entity-resolved
Mbts 13 Elm St LLC
Entity
Mailing address
100 CUMMINGS CTR STE 321E, BEVERLY, MA 01915-6112
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 10, 2021
$3,575,000
Mbts 13 Elm St LLC
48 Pond Street LLC
Quit Claim Arm's Length For Ne States
$2,323,750 · Peoples United Bank
Aug 23, 2019
$3,425,000
48 Pond Street LLC
Jells Group LLC
Quit Claim Arm's Length For Ne States
$2,568,750 · North Shore Bank
Nov 2, 2010
$1,321,000
Jells Group LLC
300 Turnpike Road Rlty Pa
Grant Deed
$1,056,000 · Enterprise Bank & Trust
Mar 3, 2003
$1,600,000
300 Turnpike Road Rlty Pa
Starr RT
Grant Deed
$1,200,000 · Sovereign Bank
Sep 19, 2002
—
Stgarr RT
—
Deed Of Trust
related
$1,080,000 · East Boston Savings Bank
Jun 30, 1988
—
Starr Rlty Tr
—
Deed Of Trust
related
$850,000 · Beverly Svgs Bk
Dec 11, 1987
—
Starr Realty Trust
—
Deed Of Trust
related
$75,000 · Beverly National Bank
Jun 24, 1987
—
Starr RT
—
Deed Of Trust
related
$685,000 · Beverly Svgs Bk
Feb 18, 1987
—
Starr RT
—
Deed Of Trust
related
$570,000 · Us Savings Bank America
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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