Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    378 Main St Haverhill, MA 01835-7379

    • Investment properties
    • 7,280 SF
    • 0.58 lot acres
    OFF-MARKET
    Last Sale
    Jun 10, 2022
    $890,000
    Value Estimations
    $800,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0779155
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The Law Office of Andrew D. Goldstein / Attorney / Trial Attorney
    • Azzarito & Gilmore / Attorney
    • Beacon Counseling & Consultation / Family Counselor
    • Crawford Associates Inc / Manufacturer

    Property Details for 378 Main St

    Year built
    1880
    Construction
    FRAME
    Lot size
    0.58 lot acres
    Property size
    7,280 SF
    Zone code
    TY
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    HAVE M:0725 B:00003 L:1
    APU
    HAVEM0725B00003L1

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $765,000
      ML approach
      $770,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $688,000
      Market price range: $577k - $1.48M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $990,000
      Current use
      RETAIL STORES
      $1,045,000
      Change: +5% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,025,000
      Change: +3% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $1,010,000
      Change: +2% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Haverhill
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.0822
    Latitude
    42.7652
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $0.00
    $324,800
    $389,000
    $713,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      5,372 SF

      14 Cross Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 5,372 SF
      14 Cross Rd, Haverhill, MA 01835-8014
      View Details
    • Value Estimation by Request
      3,132 SF

      477 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,132 SF
      477 Main St, Haverhill, MA 01835-7247
      View Details
    • Value Estimation by Request
      2,474 SF

      1181 Boston Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,474 SF
      1181 Boston Rd, Haverhill, MA 01835-8398
      View Details
    • Value Estimation by Request
      1.40 Acres

      9 Cv Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1.40 Acres
      9 Cv Rd, Haverhill, MA 01835-7001
      View Details
    • Value Estimation by Request
      0.74 Acres

      11 Cross Rd, Unit 19

      OFFICE/RESIDENTIAL (MIXED USE) • 0.74 Acres
      11 Cross Rd, Haverhill, MA 01835-8013
      View Details
    • Value Estimation
      $605,000
      4,032 SF

      91 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,032 SF
      91 Main St, Haverhill, MA 01835-7421
      View Details

    Similar Nearby for Sale

    • $1,875,000
      10,000 SF

      Office/Manufacturing Building with Additional Home

      10,000 SF office/manufacturing building plus single-family home.
      314 Elm St, Marlboro, MA 01835
      View Details
    • $739,999

      Bradford Multifamily Opportunity

      Two-family home in Bradford near downtown and commuter rail.
      2 South Summer St, Haverhill, MA 01835
      View Details
    • $839,000

      Haverhill Triplex with Updated Units

      Well-maintained triplex near downtown with strong rental income.
      211 S Main St, Haverhill, MA 01835
      View Details
    • Contact for pricing

      Commercial Land on Route 125

      0.62 acres on Route 125 with utilities in place.
      Haverhill, MA 01835
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      11,828 SF

      Haverhill Office Building For Rent

      48,000 SF office building built in 2000.
      26 Parkridge Rd, Haverhill, MA 01835
      View Details
    • Contact for pricing
      358,890 SF

      Restaurant/Café Space in New Development

      New restaurant/café space in 297-unit residential project.
      39 Railroad Ave, Haverhill, MA 01835
      View Details
    • Contact for pricing
      203,265 SF

      Proposed Industrial Warehouse on Elm

      Proposed 203,254 SF industrial warehouse, delivering Q4 2026.
      401 Elm St, Marlboro, MA 01835
      View Details
    • Contact for pricing
      11,910 SF

      Haverhill Industrial Space Available

      11,910 SF industrial space for rent in Haverhill, MA.
      72 South Kimball St, Haverhill, MA 01835
      View Details
    • Contact for pricing
      10,600 SF

      Kimball Street Industrial Space

      Versatile warehouse/flex space for lease or sale.
      72 Kimball St, Haverhill, MA 01835
      View Details
    • $13 SF/Yr
      29,280 SF

      Haverhill Flex Space For Lease

      5,625 SF flex space available in Ward Hill Business Park.
      17 Parkridge Rd, Haverhill, MA 01835
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    378 Main St
    Haverhill, MA 01835-7379
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.