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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Showrooms
5 Tpke Rd, Ipswich, MA 01938-1049
Individually Owned
27-yr Hold
Free & Clear
Property ID
US38-1702993
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1945
Construction
CONCRETE
Total area
10,235 SF
Lot
1.02 ac (44,431 SF)
Zoning code
LI
APN
IPSW M:050 B:0006 L:0
UPID
US38-1702993
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
-
Boston Express Collision Auto Repair Shop
-
Boston Express Detail Inc Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$443k
Blend (final)
Blend
$670k
Owner & transaction history
Beverly Hills RT · 27 yrs held
Beverly Hills RT
since 1998
6 recorded transactions
Zoning & alternative use
LI · Ipswich, 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 Ipswich submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ipswich 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
$670k
Range $603k – $737k · ±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
$65 / 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
$8,669
Tax year 2024
Assessed value
$761,800
Assessed 2024
Previous assessed
$761,800
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$486,200
Assessed improvement
$275,600
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
1945
Construction
CONCRETE
Heating
SPACE
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
3
Total area
10,235 SF
Lot
1.02 ac (44,431 SF)
Zoning code
LI
APN
IPSW M:050 B:0006 L:0
UPID
US38-1702993
Jurisdiction
IPSWICH
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
LI · Ipswich, MA
Zoning LI · permitted uses
LI · Ipswich, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ipswich. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1945
Construction
CONCRETE
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
3
Lot
1.02 ac
Current owner
From public records · entity-resolved
Beverly Hills RT
Individual
Free & Clear · 27 yrs held
Mailing address
23 AARON DR, TOPSFIELD, MA 01983-1128
Ownership since
1998
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
Dec 13, 2024
—
Beverly Hills RT
—
Deed
related
$960,000 · Bankgloucester (gloucester Coop Bank)
Aug 11, 2004
—
Beverly Hills RT
—
Deed Of Trust
related
$500,000 · Gary Needham
Oct 28, 1998
$308,000
Beverly Hills RT
Tilton Grace E Est
Grant Deed
—
Dec 7, 1992
—
Beverly Hills RT
—
Deed Of Trust
related
$58,750 · First National Bank Ipswch
Jun 29, 1990
—
Beverly Hills RT
—
Deed Of Trust
related
$51,540 · First National Bank Ipswch
May 31, 1989
—
Ivy RT
—
Deed Of Trust
related
$623,540 · First National Bank Ipswch
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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