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Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Commercial real estate
421 Newburyport Tpke, Rowley, MA 01969-1728
Individually Owned
23-yr Hold
~
Est. High Equity
Property ID
US38-0618131
Property summary
AI-generated overview
This exceptional free-standing office building, completed in 2024, offers 2,597 square feet of versatile space ideal for a variety of businesses. Located in Rowley, Essex County, MA, this single-tenant property sits on a 2.3-acre lot and boasts high visibility and a convenient location. The building features a modern design with a functional floor plan, perfect for traditional, executive, or creative office uses. The property includes seven parking spaces and is equipped with 110V power. The zoning is BLI. The entire 2,597 square feet is currently vacant and available for lease, with an anticipated availability date of January 2025. This is a NNN lease, meaning the tenant is responsible for a pro rata share of property expenses and all utilities in addition to base rent. All information has been obtained from the owner and public records; prospective tenants are encouraged to conduct their own due diligence. The building is a single-story structure.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2004
Construction
FRAME
Total area
2,597 SF
Lot
2.03 ac (88,427 SF)
APN
ROWL M:0017 B:0021 L:0000
UPID
US38-0618131
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
-
SLS Outdoor Living Landscaping General Contractor
-
Burwell Beans Specialty Coffee Roasters Cafe & Coffee Shop Specialty Food Shop
-
Greener Lawns Landscaping
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$810k
Comparable Approach
Comparable
$739k
Blend (final)
Blend
$710k
Owner & transaction history
Oxpasture RT · 23 yrs held
Oxpasture RT
since 2003
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$665,000
+29.0%
Auto repair, garage
$620,000
+20.2%
Retail stores
$580,000
+11.6%
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 Rowley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rowley 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%
$875,000
6.5%
$810,000
7%
$750,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$520,000
Current use
OFFICE BUILDING
$665,000
Change: +29% · Conversion: Easy
AUTO REPAIR, GARAGE
$620,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$580,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$710k
Range $639k – $781k · ±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
$273 / 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
$13,091
Tax year 2024
Assessed value
$1,081,900
Assessed 2024
Previous assessed
$1,081,900
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$486,100
Assessed improvement
$595,800
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2004
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
2,597 SF
Lot
2.03 ac (88,427 SF)
APN
ROWL M:0017 B:0021 L:0000
UPID
US38-0618131
Jurisdiction
ROWLEY
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$520,000
OFFICE BUILDING
Est. value
$665,000
AUTO REPAIR, GARAGE
Est. value
$620,000
RETAIL STORES
Est. value
$580,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
2004
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
2.03 ac
Current owner
From public records · entity-resolved
Oxpasture RT
Individual
Mailing address
421 NEWBURYPORT TPKE, ROWLEY, MA 01969-1728
Ownership since
2003
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
May 22, 2025
—
Oxpasture RT
—
Deed
related
$1,180,000 · M & T Bank
Jul 15, 2005
—
Oxpasture RT
—
Deed Of Trust
related
$840,000 · Beverly Cooperative Bank
Feb 25, 2003
$475,000
Oxpasture RT
421 Newburyport
Grant Deed
$330,000 · Beverly Cooperative Bank
Jun 9, 2000
$303,500
Newburyport Tpke T 421
Gardner,thomas F SR
Grant Deed
$344,500 · Beverly Cooperative Bank
Jun 9, 2000
—
Newburyport Tpke T 421
—
Deed Of Trust
related
$80,000 · Yarmouth Town
Nov 8, 1995
—
Thomas F Gardner SR.
—
Deed Of Trust
related
$30,000 · Ipswich Cp Bank
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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