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Property profile & analytics
FOR LEASE
Office buildings
35 W Main St, Georgetown, MA 01833
Trust Owned
6-yr Hold
~
Est. High Equity
Property ID
US38-0432335
For Lease
1 / 7
$515,000
35 W Main St, Georgetown, MA 01833
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Property summary
AI-generated overview
Exceptional opportunity to lease office or retail space in the heart of downtown Georgetown, Massachusetts. This property, located at 35 W Main St (Route 97), offers multiple suites within a two-story, 1973-built building renovated in 2020. The building features a Class B designation, boasting a total of four suites, ample parking (30 spaces), and high visibility on a major thoroughfare with over 15,000 vehicles passing daily (MA DOT data). Suite sizes range from approximately 625 to 839 square feet, with options for ground-floor retail and second-floor office spaces. The building features a 9-foot ceiling height and a wide-open floor plan. The property sits on a 0.54-acre lot and is zoned CA. Its convenient location places it near the primary intersection in town, offering excellent exposure to high traffic volume. Nearby businesses include Dunkin' Donuts, Salem Five, Napa Auto Parts, Crosby Market, Mobil, CVS, and The Spot restaurant. The lease is a modified gross lease
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1865
Construction
FRAME
Total area
1,534 SF
Lot
0.13 ac (5,700 SF)
APN
GEOR M:0011A B:00000 L:00071
UPID
US38-0432335
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
by Request
CAP Approach
CAP
$700k
Comparable Approach
Comparable
$527k
Blend (final)
Blend
$515k
Owner & transaction history
Swan RT Trust · 6 yrs held
Swan RT Trust
since 2019
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$365,000
+7.1%
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 Georgetown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Georgetown 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%
$760,000
6.5%
$700,000
7%
$650,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$345,000
Current use
AUTO REPAIR, GARAGE
$365,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$336 / 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
$5,274
Tax year 2024
Assessed value
$420,200
Assessed 2024
Previous assessed
$313,300
+34.1% YoY
Effective rate
1.26%
On assessed value
Assessed land
$91,500
Assessed improvement
$328,700
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1865
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
2
Units
2
Rooms
7
Bathrooms
2
Total area
1,534 SF
Lot
0.13 ac (5,700 SF)
APN
GEOR M:0011A B:00000 L:00071
UPID
US38-0432335
Jurisdiction
GEORGETOWN
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 Current
Est. value
$345,000
AUTO REPAIR, GARAGE
Est. value
$365,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
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
1865
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
1
Units
2
Rooms
7
Bathrooms
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
Swan RT Trust
Trust
Mailing address
PO BOX 351, BOXFORD, MA 01921-0351
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2019
$655,000
Swan RT Trust
Karnik
Quitclaim Deed
—
Jun 30, 2006
—
Buchanan RT
—
Deed Of Trust
related
$184,000 · Georgetown Savings Bank
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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