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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Turn key restaurants
51 Linebrook Rd, Ipswich, MA 01938-2900
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US38-0874779
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Construction
FRAME
Total area
7,548 SF
Lot
1.02 ac (44,431 SF)
Zoning code
IR
APN
IPSW M:30C B:0060 L:0
UPID
US38-0874779
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
-
1640 Hart House Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$360k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$667k
Blend (final)
Blend
$515k
Owner & transaction history
1640 Realty LLC · 22 yrs held
1640 Realty LLC
since 2003
6 recorded transactions
Zoning & alternative use
IR · 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
$360,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$68 / 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
$10,957
Tax year 2024
Assessed value
$962,800
Assessed 2024
Previous assessed
$962,800
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$410,500
Assessed improvement
$552,300
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Bathrooms
4
Total area
7,548 SF
Lot
1.02 ac (44,431 SF)
Zoning code
IR
APN
IPSW M:30C B:0060 L:0
UPID
US38-0874779
Jurisdiction
IPSWICH
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
IR · Ipswich, MA
Zoning IR · permitted uses
IR · 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
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Bathrooms
4
Lot
1.02 ac
Current owner
From public records · entity-resolved
1640 Realty LLC
Entity
Mailing address
51 LINEBROOK RD, IPSWICH, MA 01938-2900
Ownership since
2003
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
Aug 25, 2003
$615,000
1640 Realty LLC
Sixteen Forty RT
Grant Deed
$461,250 · Ipswich Cp Bank
Aug 25, 2003
—
1640 Realty LLC
—
Deed Of Trust
related
$138,750 · Ipswich Cp Bank
Feb 7, 2003
—
007 RT
—
Deed Of Trust
related
$400,000 · Newburyport Five Cent
Jun 8, 2001
—
Real Est T 007
—
Deed Of Trust
related
$1,182,000 · Newburyport Five Cent
Apr 8, 1999
$450,000
16 40 RT
Jacmar Constr Corp
Grant Deed
$480,000 · Ipswich Cp Bank
Aug 1, 1989
$386,000
Rosnoe Construction
1sst Natl Bk Ipswic
Grant Deed
$920,000 · 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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