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    Property profile & analytics

    40 Main St Essex, MA 01929-1343

    • Investment properties
    • 2,028 SF
    • 0.09 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Dec 22, 2023
    Location Intelligence
    Property ID
    US38-1120131
    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

    • Essex Radio & Television Service / Electronics Repair Shop

    Property Details for 40 Main St

    Year built
    1850
    Construction
    FRAME
    Lot size
    0.09 lot acres
    Property size
    2,028 SF
    Zone code
    RS2
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    ESSE M:128 L:137
    APU
    ESSEM128L137

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Essex
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.7804
    Latitude
    42.6334
    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
    $7,128
    $337,000
    $198,100
    $535,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.63 Acres

      11 Burnham Ct

      OFFICE/RESIDENTIAL (MIXED USE) • 0.63 Acres
      11 Burnham Ct, Essex, MA 01929-1335
      View Details
    • Value Estimation by Request
      0.51 Acres

      1 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.51 Acres
      1 Main St, Essex, MA 01929-1224
      View Details
    • Value Estimation by Request
      0.16 Acres

      136 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.16 Acres
      136 Main St, Essex, MA 01929-1304
      View Details
    • Value Estimation by Request
      0.96 Acres

      234 Western Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 0.96 Acres
      234 Western Ave, Essex, MA 01929-1106
      View Details
    • Value Estimation by Request
      5,280 SF

      16 Martin St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,280 SF
      16 Martin St, Essex, MA 01929-1256
      View Details
    • Value Estimation
      $380,000
      1.21 Acres

      161 Main St, Unit 163

      OFFICE/RESIDENTIAL (MIXED USE) • 1.21 Acres
      161 Main St, Essex, MA 01929-1305
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Brewery Facility in Essex, MA

      Turnkey brewery facility in pristine condition, ready for new management.
      99 Main St, Essex, MA 01929
      View Details
    • $749,000
      1,114 SF

      Renovated Coffee Shop with Main Street Frontage

      Newly renovated coffee shop/bakery with Main Street frontage and rear patio.
      162 Main St, Essex, MA 01929
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      34 Pickering St, Essex, MA 01929
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    Similar Nearby for Lease

    • $2,800 /Mo
      1,700 SF

      Versatile Office Space for Rent

      Office space suitable for medical or general commercial use.
      74 Martin St, Essex, MA 01929
      View Details
    • $15 SF/Yr

      Turnkey Restaurant in Historic Building

      Restaurant in landmark New England property with seating for 165.
      109 Eastern Ave, Essex, MA 01929
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    • $3,500 /Mo

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      View Details
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    40 Main St
    Essex, MA 01929-1343
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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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