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    Property profile & analytics

    55 Main St Essex, MA 01929-1342

    • Commercial real estate
    • 1.31 lot acres
    OFF-MARKET
    Value Estimation
    $1,830,000
    Last Sale
    Sep 28, 2023
    $1,900,000
    Location Intelligence
    Property ID
    US38-1144636
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • AmpUp Charging Station / Electric Vehicle Charging Station
    • The James, Essex / Restaurant
    • Wetter Locksmith Services / Locksmith

    Property Details for 55 Main St

    Lot size
    1.31 lot acres
    Zone code
    C00
    Property type
    Commercial real estate
    APN
    ESSE M:128 L:166
    APU
    ESSEM128L166

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,860,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,910,000
      6.5%
      $1,765,000
      7%
      $1,880,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,985,000
      Geo Method
      $1,710,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,675,000
      Retail
      $1,610,000
      Mixed-Use
      $1,370,000
      Hospitality
      $1,820,000
      Educational
      $1,850,000
      Residential Income
      $1,675,000
      Energy
      $1,435,000
      Income-Based Land
      $1,390,000
      Food Service
      $1,500,000

    Location Insight

    • Map
    • Local Demand
    City
    Essex
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.7804
    Latitude
    42.6319
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $16,246
    $616,000
    $603,700
    $1,219,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1.43 Acres

      82 Main St

      COMMERCIAL (GENERAL) • 1.43 Acres
      82 Main St, Essex, MA 01929-1343
      View Details
    • Value Estimation by Request
      3.00 Acres

      140 Western Ave

      COMMERCIAL (GENERAL) • 3.00 Acres
      140 Western Ave, Essex, MA 01929-1111
      View Details
    • Value Estimation
      $510,000
      1.93 Acres

      166 Eastern Ave

      COMMERCIAL (GENERAL) • 1.93 Acres
      166 Eastern Ave, Essex, MA 01929-1328
      View Details
    • Value Estimation
      $295,000
      1.85 Acres

      6 Scotts Way

      COMMERCIAL (GENERAL) • 1.85 Acres
      6 Scotts Way, Essex, MA 01929-1120
      View Details
    • Value Estimation by Request
      0.69 Acres

      121 Eastern Ave

      COMMERCIAL (GENERAL) • 0.69 Acres
      121 Eastern Ave, Essex, MA 01929-1333
      View Details
    • Value Estimation by Request
      1.09 Acres

      Main St

      Commercial real estate • 1.09 Acres
      Main St, Essex, MA 01929
      View Details

    Similar Nearby for Sale

    • $1,299,000

      Essex Two-Family Property on Acre

      Two-family property in central Essex location with investment and conversion potential.
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      View Details
    • $749,000
      1,114 SF

      Renovated Coffee Shop with Main Street Frontage

      Newly renovated coffee shop/bakery with Main Street frontage and rear patio.
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    • Contact for pricing

      Brewery Facility in Essex, MA

      Turnkey brewery facility in pristine condition, ready for new management.
      99 Main St, Essex, MA 01929
      View Details

    Similar Nearby for Lease

    • $2,800 /Mo
      1,700 SF

      Versatile Office Space for Rent

      Office space suitable for medical or general commercial use.
      74 Martin St, Essex, MA 01929
      View Details
    • $3,500 /Mo

      Essex Flex Space with Garage

      2,500 SF flex space with garage entry available for rent.
      60 John Wise Ave, Essex, MA 01929
      View Details
    • $15 SF/Yr

      Turnkey Restaurant in Historic Building

      Restaurant in landmark New England property with seating for 165.
      109 Eastern Ave, Essex, MA 01929
      View Details
    Request Owner's contact information
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    55 Main St
    Essex, MA 01929-1342
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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