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Property profile & analytics
OFF-MARKET
Estimated value
$1,730,000
Showrooms
383 Paradise Rd 391 Swampscott, MA 01907-2928
Entity Owned
28-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US38-1144021
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Anastasia Koniaris Physician
-
Amy Margaret Fuller Physician
-
Dr. Robert M. Dale Jr, MD Physician
-
Dr. Rosa Diaz Physician
-
Michael Reich Physician
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
383 Paradise LP · 28 yrs held
383 Paradise LP
since 1997
2 recorded transactions
Zoning & alternative use
B3 · Swampscott, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.8M
+73.2%
Apartment house (5+ units)
$2.6M
+60.4%
Office building
$2.1M
+29.0%
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 Swampscott submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Swampscott 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,640,000
Current use
RESTAURANT
$2,845,000
Change: +73% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,635,000
Change: +60% · Conversion: Moderate
OFFICE BUILDING
$2,120,000
Change: +29% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,975,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$1,835,000
Change: +12% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,350,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$1.73M
Range $1.56M – $1.90M · ±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
$210 / 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
$62,482
Tax year 2024
Assessed value
$2,943,100
Assessed 2024
Previous assessed
$2,943,100
+0.0% YoY
Effective rate
2.12%
On assessed value
Assessed land
$1,660,000
Assessed improvement
$1,283,100
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1984
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
8
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
Jurisdiction
SWAMPSCOTT
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
B3 · Swampscott, MA
Zoning B3 · permitted uses
B3 · Swampscott, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Swampscott. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.6M
RESTAURANT
Est. value
$2.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.6M
OFFICE BUILDING
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$2.0M
RETAIL STORES
Est. value
$1.8M
INDUSTRIAL (GENERAL)
Est. value
$1.4M
COMMERCIAL (GENERAL) Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1984
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
8
Lot
1.03 ac
Current owner
From public records · entity-resolved
383 Paradise LP
Entity
Mailing address
600 LORING AVE, SALEM, MA 01970-4264
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1997
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
Sep 29, 1997
—
383 Paradise LP
—
Deed Of Trust
related
$700,000 · First Essex Savings Bank
Jul 17, 1987
—
383 Paradise LP
—
Deed Of Trust
related
$775,000 · Quincy Svgs 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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