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    Property profile & analytics

    38 Water St Newburyport, MA 01950-2751

    • Retail properties
    • 880 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimation
    $370,000
    Location Intelligence
    Property ID
    US38-0785904
    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

    • Retail properties

    Property Details for 38 Water St

    Year built
    1963
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.17 lot acres
    Property size
    880 SF
    Property type
    Retail properties
    APN
    NEWP M:0008 B:0001 L:0000
    APU
    NEWPM0008B0001L0000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $320,000

    • CAP approach

      CAP return
      Estimation
      6%
      $475,000
      6.5%
      $465,000
      7%
      $465,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $540,000
      Geo Method
      $410,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $425,000
      Retail
      $545,000
      Mixed-Use
      $425,000
      Hospitality
      $530,000
      Educational
      $430,000
      Residential Income
      $490,000
      Energy
      $555,000
      Income-Based Land
      $440,000
      Food Service
      $535,000

    Location Insight

    • Map
    • Local Demand
    City
    Newburyport
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.8674
    Latitude
    42.8113
    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
    $5,204
    $427,600
    $94,400
    $522,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,720 SF

      123 Restaurant St

      Individual retail properties • 1,720 SF
      123 Restaurant St, Newburyport, MA 01950
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    • Value Estimation by Request
      13,160 SF

      Browns Wharf

      DEPARTMENT STORE • 13,160 SF
      Browns Wharf, Newburyport, MA 01950
      View Details
    • Value Estimation by Request
      10,925 SF

      11-15 Grn St

      DEPARTMENT STORE • 10,925 SF
      11-15 Grn St, Newburyport, MA 01950
      View Details
    • Value Estimation by Request
      6,842 SF

      7 State St, Unit 15

      DEPARTMENT STORE • 6,842 SF
      7 State St, Newburyport, MA 01950-6609
      View Details
    • Value Estimation
      $380,000
      5,154 SF

      47 Pleasant St, Unit 53

      DEPARTMENT STORE • 5,154 SF
      47 Pleasant St, Newburyport, MA 01950-2625
      View Details
    • Value Estimation
      $470,000
      7,420 SF

      47th Storey Ave

      DEPARTMENT STORE • 7,420 SF
      47th Storey Ave, Newburyport, MA 01950-1887
      View Details

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    • New
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      Downtown Newburyport Office Space

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    Similar Nearby for Lease

    • Contact for pricing
      50,851 SF

      Newburyport Retail Space For Lease

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    • $2,300 /Mo

      Downtown Newburyport Commercial Unit

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    • $14 SF/Yr
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      Newburyport Warehouse and Office Flex

      Warehouse and office flex space near Seaport Business Park.
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    • $18 SF/Yr

      Newburyport Industrial Flex Unit

      3,042 SF industrial flex unit for lease in Newburyport.
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      View Details
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    38 Water St
    Newburyport, MA 01950-2751
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    Realmo Value Estimation

    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.

    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.

    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
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