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Property profile & analytics
OFF-MARKET
Turn key restaurants
316 Groveland St, Haverhill, MA 01830-6635
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US38-0886548
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1940
Construction
FRAME
Total area
1,811 SF
Lot
0.35 ac (15,433 SF)
Zoning code
TY
APN
HAVE M:0424 B:00153 L:13
UPID
US38-0886548
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
-
Azul Mexican Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Frantzi Lamia Realty L · 7 yrs held
Frantzi Lamia Realty L
since 2018
7 recorded transactions
Zoning & alternative use
TY · Haverhill, 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 Haverhill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Haverhill 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,921
Tax year 2024
Assessed value
$357,700
Assessed 2024
Previous assessed
$337,800
+5.9% YoY
Effective rate
1.93%
On assessed value
Assessed land
$200,100
Assessed improvement
$157,600
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1940
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Rooms
4
Bathrooms
4
Total area
1,811 SF
Lot
0.35 ac (15,433 SF)
Zoning code
TY
APN
HAVE M:0424 B:00153 L:13
UPID
US38-0886548
Jurisdiction
HAVERHILL
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
TY · Haverhill, MA
Zoning TY · permitted uses
TY · Haverhill, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Haverhill. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1940
Construction
FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Rooms
4
Bathrooms
4
Lot
0.35 ac
Current owner
From public records · entity-resolved
Frantzi Lamia Realty L
Entity
Mailing address
15 HALEY RD, HAVERHILL, MA 01830-8701
Ownership since
2018
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
Nov 14, 2018
$355,000
Frantzi Lamia Realty L
316 Groveland Street R
Quit Claim Arm's Length For Ne States
$284,000 · Pentucket Bank
Jul 29, 2016
—
316 Groveland Street Realty Trust
—
Deed
related
$360,000 · Wakefield Co-op Bk
Jan 6, 2016
$140,000
316 Groveland Street Realty Trust
Rogers,eugene R & Beverly A
Quit Claim Deed
—
Oct 16, 2014
$575,000
Eugene R Rogers
Daly,robert J & Christine A
Deed In Lieu Of Foreclosure
related
—
Apr 28, 2014
—
Robert J Daly
—
Deed Of Trust
related
$50,000 · Gerard M Omeara
Nov 3, 2009
—
Robert J Daly
—
Deed Of Trust
related
$575,000 · Eugene R Rogers
Jul 11, 2003
$297,600
Peter C Moran
Rogers,eugene R
Grant Deed
$500,216 · Zwi Kohorn
Jul 11, 2003
—
Peter C Moran
—
Deed Of Trust
related
$279,673 · Eugene R Rogers
—
—
316 Groveland Street Realty Trust
—
Deed Of Trust
related
$360,000 · Wakefield Co-op Bk
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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