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Property profile & analytics
OFF-MARKET
Estimated value
$1,520,000
Office Spaces
40 Ss St 1, Marblehead, MA 01945-3282
Individually Owned
17-yr Hold
Free & Clear
Property ID
US38-1075798
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1988
Construction
FRAME
Total area
14,918 SF
Lot
0.69 ac (29,977 SF)
Zoning code
CR
APN
MARB M:0129 B:0002 L:1
UPID
US38-1075798
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
-
The Law Offices of Harry C. Christensen Law Firm
-
Lawrence Fieman, Ed.D. / Psychology/ Neuropsychology Physician Medical Clinic
-
Parinama - Transformative Healing Arts Physician Alternative Medicine Practice
-
Bonnie L. Macdonald, PHD Physician Medical Clinic
-
Thermodata Corpopration Laboratory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.92M
Blend (final)
Blend
$1.52M
Owner & transaction history
South Street RT · 17 yrs held
South Street RT
since 2008
5 recorded transactions
Zoning & alternative use
CR · Marblehead, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.52M
Range $1.37M – $1.67M · ±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
$102 / 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
$9,044
Tax year 2024
Assessed value
$1,009,400
Assessed 2024
Previous assessed
$885,200
+14.0% YoY
Effective rate
0.90%
On assessed value
Assessed improvement
$1,009,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1988
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
9
Bathrooms
6
Total area
14,918 SF
Lot
0.69 ac (29,977 SF)
Zoning code
CR
APN
MARB M:0129 B:0002 L:1
UPID
US38-1075798
Jurisdiction
MARBLEHEAD
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
CR · Marblehead, MA
Zoning CR · permitted uses
CR · 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.
Building & site characteristics
From public records
Year built
1988
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
9
Bathrooms
6
Lot
0.69 ac
Current owner
From public records · entity-resolved
South Street RT
Individual
Free & Clear · 17 yrs held
Mailing address
8 DOAKS LN, MARBLEHEAD, MA 01945-3533
Ownership since
2008
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
Nov 12, 2008
$1
South Street RT
Franklin Street RT
Grant Deed
—
Dec 24, 2003
—
Franklin St. RT
—
Deed Of Trust
related
$280,000 · Mercantile Bank & Trust Co
Aug 13, 1996
—
Franklin Street RT
—
Deed Of Trust
related
$600,000 · Warren Five Cts Savings
Nov 3, 1994
—
Franklin Street RT
—
Deed Of Trust
related
$635,000 · Warren Five Cts Savings
Sep 6, 1989
—
Seaside RT
—
Deed Of Trust
related
$1,000,000 · Marquette Cu
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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