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Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Office buildings
491 Humphrey St, Swampscott, MA 01907-2618
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-0867728
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1930
Construction
FRAME
Total area
2,400 SF
Lot
0.18 ac (7,754 SF)
Zoning code
N/A
APN
SWAM M:0019 B:0181 L:0
UPID
US38-0867728
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
-
Big Blue Bargains Discount Store
-
MRK Management Co Property Management Company
-
Caleb Village Heights Foundation Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$680k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$850k
Blend (final)
Blend
$680k
Owner & transaction history
Zsg Properties LLC · 2 yrs held
Zsg Properties LLC
since 2024
Last sale
$680,000
5 recorded transactions
Zoning & alternative use
N/A · 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
Method
Estimation
Statistic approach
$680,000
ML approach
$680,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$615,000
Current use
AUTO REPAIR, GARAGE
$575,000
Change: -7% · Conversion: Difficult
RETAIL STORES
$535,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$680k
Range $612k – $748k · ±10% · vs last sale $680k (May 16 2024)
Last sale anchor
$680k
May 16 2024
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
$283 / 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
$13,596
Tax year 2024
Assessed value
$640,400
Assessed 2024
Previous assessed
$640,400
+0.0% YoY
Effective rate
2.12%
On assessed value
Assessed land
$463,700
Assessed improvement
$176,700
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1930
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Rooms
6
Bathrooms
3
Total area
2,400 SF
Lot
0.18 ac (7,754 SF)
Zoning code
N/A
APN
SWAM M:0019 B:0181 L:0
UPID
US38-0867728
Jurisdiction
SWAMPSCOTT
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
N/A · Swampscott, MA
Zoning N/A · permitted uses
N/A · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$615,000
AUTO REPAIR, GARAGE
Est. value
$575,000
RETAIL STORES
Est. value
$535,000
OFFICE BUILDING Current
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
1930
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Rooms
6
Bathrooms
3
Lot
0.18 ac
Current owner
From public records · entity-resolved
Zsg Properties LLC
Entity
Mailing address
491 HUMPHREY ST, SWAMPSCOTT, MA 01907-2618
Ownership since
2024
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 13, 2024
—
Zsg Properties LLC
—
Deed
related
$1,390,000 · Enterprise Bank & Trust Co
May 16, 2024
$680,000
Zsg Properties LLC
Humphrey 460 RT
Quit Claim Arm's Length For Ne States
$510,000 · Rockland Trust Co
Dec 16, 2022
$610,000
Humphrey 460 RT
Caleb Foundation INC
Quit Claim Arm's Length For Ne States
$130,000 · Caleb Foundation INC
Dec 12, 2002
—
Caleb Foundation INC
—
Deed Of Trust
related
$240,000 · Danvers Savings Bank
May 6, 1999
$135,000
Caleb Fndtn
4091 Humphrey St RT
Grant Deed
$153,000 · Danvers Savings 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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