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Property profile & analytics
OFF-MARKET
Estimated value
$3,870,000
Showrooms
40 Tioga Way, Marblehead, MA 01945-5501
Entity Owned
9-yr Hold
Free & Clear
Property ID
US38-0772134
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2001
Construction
STEEL FRAME
Total area
25,848 SF
Lot
0.85 ac (37,090 SF)
APN
MARB M:0152 B:0012 L:0
UPID
US38-0772134
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
-
lenaye marsten Alternative Medicine Practice
-
Bedrock Pilates Studio Gym & Fitness Center
-
NeighborGood Care Home Health Care Service Senior Citizen Center
-
Compass Real Estate Real Estate Agency
-
Christine Cowden Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.97M
Blend (final)
Blend
$3.87M
Owner & transaction history
Tioga Way LLC · 9 yrs held
Tioga Way LLC
since 2017
6 recorded transactions
Zoning & alternative use
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
$3.87M
Range $3.48M – $4.26M · ±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
$150 / 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
$24,174
Tax year 2024
Assessed value
$2,698,000
Assessed 2024
Previous assessed
$2,579,800
+4.6% YoY
Effective rate
0.90%
On assessed value
Assessed land
$854,300
Assessed improvement
$1,843,700
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2001
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
1
Rooms
71
Bathrooms
12
Total area
25,848 SF
Lot
0.85 ac (37,090 SF)
APN
MARB M:0152 B:0012 L:0
UPID
US38-0772134
Jurisdiction
MARBLEHEAD
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2001
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
1
Rooms
71
Bathrooms
12
Lot
0.85 ac
Current owner
From public records · entity-resolved
Tioga Way LLC
Entity
Free & Clear · 9 yrs held
Mailing address
8 DOAKS LN, MARBLEHEAD, MA 01945-3533
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2022
—
New Office RT
—
Deed
related
$1,700,000 · Pentucket Bank
Jun 29, 2017
—
Tioga Way LLC
New Office Realty Trust
Grant Deed
—
Dec 13, 2002
—
New Office RT
—
Deed Of Trust
related
$3,000,000 · Banknorth NA
Apr 23, 2002
—
New Office RT
—
Deed Of Trust
related
$2,400,000 · Banknorth NA
Sep 18, 2000
—
New Office RT Marblehe
—
Deed Of Trust
related
$1,800,000 · Brookline Savings Bank
Aug 6, 1996
—
Office RT Marblehead
—
Deed Of Trust
related
$350,000 · Mercantile Bank & Trust Co
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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