Technical
Financial
Distress signals
Property profile

383 Paradise Rd 391 Swampscott, MA 01907

OFF-MARKET
Showrooms
Property ID
US38-1144021
8,240 SF 1.03 ac lot Built 1984
Entity Owned 28-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1984
Construction STEEL FRAME
Total area 8,240 SF
Lot 1.03 ac (44,867 SF)
Zoning code B3
APN SWAM M:0017 B:0049 L:0
UPID US38-1144021

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Physician
  • Physician
  • Physician
  • Physician

Location

383 Paradise Rd, Unit 391 Swampscott, MA 01907-2928
Swampscott metro Census 202101 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.18M
Blend (final) Blend
$1.73M

Owner & transaction history

since 1997
2 recorded transactions
1997
Price N/A
1987
Price N/A

Zoning & alternative use

B3 · Swampscott, MA
Zoning description

of a commercial or industrial building in the Business B1, B2, B-3, B-4, or I Districts. 4.4.3.0. Obstructions to T raffic. On any lot in any district, no wall, fence, or other structure shall be erected or altered, and…

General category COMMERCIAL
Top alternative use upside
Restaurant $2.8M +73.2%
Apartment house (5+ units) $2.6M +60.4%
Office building $2.1M +29.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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