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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Industrial properties
422 Boston St Sta A, Topsfield, MA 01983-1216
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US38-0881968
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Year built
1985
Construction
STEEL FRAME
Total area
4,092 SF
Zoning code
BP
APN
TOPS M:0012 B:0020 L:422A
UPID
US38-0881968
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$670k
Comparable Approach
Comparable
$952k
Blend (final)
Blend
$800k
Owner & transaction history
Bankr 2 LLC · 10 yrs held
Bankr 2 LLC
since 2016
7 recorded transactions
Zoning & alternative use
BP · Topsfield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+57.0%
Auto repair, garage
$980,000
+46.3%
Retail stores
$910,000
+35.8%
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 Topsfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Topsfield 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%
$725,000
6.5%
$670,000
7%
$620,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$670,000
Current use
OFFICE BUILDING
$1,050,000
Change: +57% · Conversion: Difficult
AUTO REPAIR, GARAGE
$980,000
Change: +46% · Conversion: Easy
RETAIL STORES
$910,000
Change: +36% · Conversion: Moderate
COMMERCIAL (GENERAL)
$815,000
Change: +22% · Conversion: Difficult
WAREHOUSE, STORAGE
$575,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$800k
Range $720k – $880k · ±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
$196 / 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
$9,241
Tax year 2024
Assessed value
$629,100
Assessed 2024
Previous assessed
$629,100
+0.0% YoY
Effective rate
1.47%
On assessed value
Assessed improvement
$629,100
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
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Status
Off-Market
Year built
1985
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Bathrooms
2
Total area
4,092 SF
Zoning code
BP
APN
TOPS M:0012 B:0020 L:422A
UPID
US38-0881968
Jurisdiction
TOPSFIELD
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
BP · Topsfield, MA
Zoning BP · permitted uses
BP · Topsfield, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Topsfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$670,000
OFFICE BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$980,000
RETAIL STORES
Est. value
$910,000
COMMERCIAL (GENERAL)
Est. value
$815,000
WAREHOUSE, STORAGE
Est. value
$575,000
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1985
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Bathrooms
2
Current owner
From public records · entity-resolved
Bankr 2 LLC
Entity
Mailing address
422 BOSTON STA, TOPSFIELD, MA 01983-1216
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2016
$610,000
Bankr 2 LLC
Afk Enterprises LLC
Quit Claim Arm's Length For Ne States
$305,000 · Salem Five Cents Savings Bank
Apr 14, 2009
$540,000
Afk Ent LLC
422a Boston Street RT
Grant Deed
$275,000 · Salem Five Cents Savings Bank
Apr 14, 2009
—
Afk Enterprises LLC
—
Deed Of Trust
related
$220,000 · Salem Five Cents Savings Bank
Mar 28, 2003
$435,000
Enon Microwave INC
Enon Nt
Grant Deed
related
$352,750 · Massachusetts Dev Fin'l Agency
Feb 8, 2000
—
Enon Nt
—
Deed Of Trust
related
$300,000 · Gary Needham
Oct 1, 1999
—
Enon RT
—
Deed Of Trust
related
$40,000 · Joseph C Hill
May 2, 1994
—
Enon Nt
—
Deed Of Trust
related
$275,000 · Ma Business Development Corp
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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