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Property profile & analytics
OFF-MARKET
Office buildings
45 New Ocean St Swampscott, MA 01907-1840
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US38-0900324
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1873
Construction
FRAME
Total area
5,740 SF
Lot
0.24 ac (10,237 SF)
Zoning code
A4
APN
SWAM M:0001 B:0160 L:0
UPID
US38-0900324
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
-
Swampscott Glass Co Auto Repair Shop (Bike/Boat/Book/etc) Store
-
Quest Software (Bike/Boat/Book/etc) Store Corporate Office
-
Hand In Hand Massage & Therapeutic Services Alternative Medicine Practice Spa & Massage Center
-
The Gong Lab Gym & Fitness Center Alternative Medicine Practice
-
GeoTechnical Services Inc. Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
45 New Ocean St RT · 2 yrs held
45 New Ocean St RT
since 2023
Last sale
$170,000
7 recorded transactions
Zoning & alternative use
A4 · Swampscott, 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 Swampscott submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Swampscott 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$15,371
Tax year 2024
Assessed value
$724,000
Assessed 2024
Previous assessed
$724,000
+0.0% YoY
Effective rate
2.12%
On assessed value
Assessed land
$353,500
Assessed improvement
$370,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1873
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
2
Units
6
Bathrooms
4
Total area
5,740 SF
Lot
0.24 ac (10,237 SF)
Zoning code
A4
APN
SWAM M:0001 B:0160 L:0
UPID
US38-0900324
Jurisdiction
SWAMPSCOTT
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
A4 · Swampscott, MA
Zoning A4 · permitted uses
A4 · Swampscott, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Swampscott. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1873
Construction
FRAME
Heating
FORCED AIR
Stories
2
Buildings
1
Units
6
Bathrooms
4
Lot
0.24 ac
Current owner
From public records · entity-resolved
45 New Ocean St RT
Individual
Free & Clear · 2 yrs held
Mailing address
7 LOTHROP ST, BEVERLY, MA 01915-5012
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Nov 7, 2023
—
45 New Ocean St RT
John D Morrison
Quit Claim Deed
related
—
Jun 23, 2020
—
John D Morrison
—
Deed
related
$580,000 · North Shore Bank
Feb 27, 2007
—
John D Morrison JR.
—
Deed Of Trust
related
$575,000 · Beverly Cooperative Bank
Jun 26, 2001
—
John D Morrison JR.
—
Deed Of Trust
related
$310,000 · Beverly Cooperative Bank
Dec 19, 2000
—
John D Morrison JR.
—
Deed Of Trust
related
$20,000 · Beverly Cooperative Bank
Jun 29, 2000
—
John D Morrison JR.
—
Deed Of Trust
related
$120,000 · Beverly Cooperative Bank
Jul 10, 1998
$170,000
John D Morrison JR.
Dilisio,robet
Grant Deed
$165,000 · Beverly Cooperative 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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