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Property profile & analytics
OFF-MARKET
Estimated value
$2,675,000
Hospitals
39 Lafayette St Marblehead, MA 01945-1939
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-1072033
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1963
Construction
FRAME
Total area
19,783 SF
Lot
0.61 ac (26,560 SF)
Zoning code
SR
APN
MARB M:0072 B:0010 L:0
UPID
US38-1072033
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
-
Devereux Skilled Nursing and Rehabilitation Center Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.88M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.68M
Owner & transaction history
Marblehead Healthcare · 3 yrs held
Marblehead Healthcare
since 2022
Last sale
$2.5M
5 recorded transactions
Zoning & alternative use
SR · Marblehead, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.8M
+165.8%
Restaurant
$3.2M
+127.1%
Retail stores
$3.1M
+115.2%
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 Marblehead submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marblehead 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
$2,810,000
ML approach
$2,880,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,785,000
Change: +166% · Conversion: Easy
RESTAURANT
$3,235,000
Change: +127% · Conversion: Difficult
RETAIL STORES
$3,065,000
Change: +115% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,605,000
Change: +83% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,555,000
Change: +79% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,900,000
Change: +33% · Conversion: Difficult
Blend value · Realmo final
$2.68M
Range $2.41M – $2.94M · ±10% · vs last sale $2.51M (Aug 1 2022)
Last sale anchor
$2.51M
Aug 1 2022
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
$135 / 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
$23,971
Tax year 2024
Assessed value
$2,675,300
Assessed 2024
Previous assessed
$2,672,100
+0.1% YoY
Effective rate
0.90%
On assessed value
Assessed land
$685,700
Assessed improvement
$1,989,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
1963
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
2
Units
64
Rooms
64
Bathrooms
30
Total area
19,783 SF
Lot
0.61 ac (26,560 SF)
Zoning code
SR
APN
MARB M:0072 B:0010 L:0
UPID
US38-1072033
Jurisdiction
MARBLEHEAD
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
SR · Marblehead, MA
Zoning SR · permitted uses
SR · Marblehead, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Marblehead. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$3.8M
RESTAURANT
Est. value
$3.2M
RETAIL STORES
Est. value
$3.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.6M
INDUSTRIAL (GENERAL)
Est. value
$1.9M
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
1963
Construction
FRAME
Heating
FORCED AIR
Stories
2
Buildings
1
Units
64
Rooms
64
Bathrooms
30
Lot
0.61 ac
Current owner
From public records · entity-resolved
Marblehead Healthcare
Individual
Mailing address
271 NAHANT RD, NAHANT, MA 01908-1341
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2022
$2,510,000
Marblehead Healthcare
Alliance Health Marble
Quit Claim Arm's Length For Ne States
$2,380,000 · Webster Bank
Apr 4, 2019
—
Alliance Hlth Marblehead
—
Deed
related
$1,650,000 · Citizens Bank
Feb 27, 2018
—
Alliance Health Of Marble
Alliance Health Of Mass
Quit Claim Deed
related
—
May 7, 1999
—
House LP Abbott
—
Deed Of Trust
related
$5,500,000 · Fleet National Bank
Jul 8, 1992
—
Abbott House Ltd Ptnrs
—
Deed Of Trust
related
$1,350,000 · First Colonial Bank Saving
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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