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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Banks
500 Paradise Rd Swampscott, MA 01907-1338
Entity Owned
4-yr Hold
Free & Clear
Property ID
US38-0962881
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1977
Construction
FRAME
Total area
4,221 SF
Lot
1.04 ac (45,128 SF)
Zoning code
B3
APN
SWAM M:0017 B:010B L:0
UPID
US38-0962881
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
-
Jonathan Meyers Financial Advisor
-
Citizens Bank ATM Atm
-
Meyers, Jonathan Financial Advisor
-
Citizens Bank Loan Service
-
Mariglen Kokoneshi Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$515k
Owner & transaction history
500 Paradise Ctrcorp LLC · 4 yrs held
500 Paradise Ctrcorp LLC
since 2021
Last sale
$1
7 recorded transactions
Zoning & alternative use
B3 · Swampscott, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$545,000
+6.3%
Retail stores
$525,000
+2.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$515,000
Current use
AUTO REPAIR, GARAGE
$545,000
Change: +6% · Conversion: Difficult
RETAIL STORES
$525,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±10% · vs last sale $1 (Dec 22 2021)
Last sale anchor
$1
Dec 22 2021
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
$122 / 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
$56,340
Tax year 2024
Assessed value
$2,653,800
Assessed 2024
Previous assessed
$2,653,800
+0.0% YoY
Effective rate
2.12%
On assessed value
Assessed land
$1,670,300
Assessed improvement
$983,500
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1977
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
4,221 SF
Lot
1.04 ac (45,128 SF)
Zoning code
B3
APN
SWAM M:0017 B:010B L:0
UPID
US38-0962881
Jurisdiction
SWAMPSCOTT
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
B3 · Swampscott, MA
Zoning B3 · permitted uses
B3 · 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
FINANCIAL BUILDING Current
Est. value
$515,000
AUTO REPAIR, GARAGE
Est. value
$545,000
RETAIL STORES
Est. value
$525,000
FINANCIAL 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
1977
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
1.04 ac
Current owner
From public records · entity-resolved
500 Paradise Ctrcorp LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 460049, HOUSTON, TX 77056-8049
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2021
—
500 Paradise Ctrcorp LLC
Centercorp Taunton LLC
Correction Deed
related
—
Dec 28, 2021
—
500 Paradise Ctrcorp LLC
Centercorp Taunton LLC
Correction Deed
related
—
Dec 27, 2021
—
500 Paradise Ctrcorp LLC
—
Deed
related
$1,100,000 · Eastern Bank
Dec 22, 2021
—
500 Paradise Ctrcorp LLC
Centercorp Swampscott RT
Quit Claim Deed
related
$1,100,000 · Eastern Bank
May 2, 2007
$1
500 Paradise Cen LLC
Centercorp-taunton LLC
Grant Deed
—
May 2, 2007
—
500 Paradise Cen LLC
—
Deed Of Trust
related
$14,000,000 · Rockville Bank
Sep 22, 2004
—
Centercorp Taunton LLC
—
Deed Of Trust
related
$1,000,000 · Gary Needham
Jun 6, 2001
$1,225,000
Centercorp Taunton LLC
Citizens Bank Mass
Grant Deed
—
Mar 27, 1992
—
Centercorp Swampscott
—
Deed Of Trust
related
$1,400,000 · Stop & Shop Supermark
Feb 28, 1992
$2,700,000
Cs Lot A RT
Centercorp Swamp RT
Grant Deed
—
Feb 28, 1992
—
Centercorp Swamp RT
—
Deed Of Trust
related
$1,400,000 · Stop & Shop Supermark
Feb 22, 1991
$570,000
United States Tr Co
Rtc
Grant Deed
—
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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