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Property profile & analytics
OFF-MARKET
Estimated value
$825,000
Office buildings
51 Main St, Georgetown, MA 01833-2073
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-0778082
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2023
Construction
FRAME
Total area
5,054 SF
Lot
2.25 ac (98,010 SF)
APN
GEOR M:0011A B:00032 L:0000A
UPID
US38-0778082
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$825k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$885k
Blend (final)
Blend
$825k
Owner & transaction history
Svs Ventures LLC · 2 yrs held
Svs Ventures LLC
since 2024
Last sale
$825,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+7.1%
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 Georgetown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Georgetown 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
$825,000
ML approach
$825,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,130,000
Current use
AUTO REPAIR, GARAGE
$1,210,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$825k
Range $743k – $908k · ±10% · vs last sale $825k (Jan 18 2024)
Last sale anchor
$825k
Jan 18 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
$163 / 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
$6,758
Tax year 2024
Assessed value
$538,500
Assessed 2024
Previous assessed
$538,500
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed improvement
$538,500
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2023
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Rooms
10
Bathrooms
2
Total area
5,054 SF
Lot
2.25 ac (98,010 SF)
APN
GEOR M:0011A B:00032 L:0000A
UPID
US38-0778082
Jurisdiction
GEORGETOWN
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.2M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
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
2023
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Rooms
10
Bathrooms
2
Lot
2.25 ac
Current owner
From public records · entity-resolved
Svs Ventures LLC
Entity
Mailing address
51 W MAIN ST APT #1, GEORGETOWN, MA 01833-2074
Mailing matches property
Yes
Owner-occupied
Yes
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2024
$875,000
Svs Ventures LLC
Triple Quality Dev LLC
Deed
$824,000 · Bank Of America NA
Mar 15, 2024
—
Triple Quality Dev LLC
—
Deed
related
$341,109 · Bfs Group LLC
Jan 18, 2024
—
Ann Carlson Ft
Ann S Carlson
Quit Claim Deed
related
—
Dec 4, 2023
—
Linda Gancarz
—
Deed
related
$200,000 · Salem Five Cents Savings Bank
Jan 5, 2023
$825,000
Ann S Carlson
Triple Quality Dev LLC
Quit Claim Arm's Length For Ne States
$160,000 · Crosscountry Mortgage INC
Dec 30, 2022
$775,900
Linda Gancarz
Triple Quality Dev LLC
Quit Claim Arm's Length For Ne States
—
Jun 10, 2021
—
Triple Quality Dev LLC
—
Deed
related
$3,903,000 · Bankgloucester (gloucester Coop Bank)
Mar 15, 2018
$674,750
Triple Quality Dev LLC
Sedler Robert & P E Trust
Quit Claim Deed
$506,250 · Bankgloucester
Jul 8, 2014
—
Robert Irt
Sedler,robert & Patricia E
Quit Claim Deed
related
—
Mar 16, 1988
—
Robert Gedler
—
Deed Of Trust
related
$100,000 · Georgetown 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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