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Property profile & analytics
OFF-MARKET
Estimated value
$1,635,000
Commercial real estate
58 Mckays Wharf Newburyport, MA 01950
Individually Owned
32-yr Hold
~
Est. High Equity
Property ID
US38-0445115
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1947
Construction
FRAME
Total area
5,850 SF
Lot
1.1 ac (47,916 SF)
APN
NEWP M:0048 B:0016 L:0000
UPID
US38-0445115
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
by Request
CAP Approach
CAP
$1.83M
Comparable Approach
Comparable
$1.13M
Blend (final)
Blend
$1.64M
Owner & transaction history
Marine View RT · 32 yrs held
Marine View RT
since 1994
7 recorded transactions
Zoning & alternative use
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 Newburyport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newburyport 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%
$1,975,000
6.5%
$1,825,000
7%
$1,690,000
Blend value · Realmo final
$1.64M
Range $1.47M – $1.80M · ±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
$279 / 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
$18,971
Tax year 2024
Assessed value
$1,902,800
Assessed 2024
Previous assessed
$1,751,800
+8.6% YoY
Effective rate
1.00%
On assessed value
Assessed land
$1,471,000
Assessed improvement
$431,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1947
Construction
FRAME
Heating
FORCED AIR
Buildings
2
Stories
1
Units
3
Bathrooms
1
Total area
5,850 SF
Lot
1.1 ac (47,916 SF)
APN
NEWP M:0048 B:0016 L:0000
UPID
US38-0445115
Jurisdiction
NEWBURYPORT
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
Building & site characteristics
From public records
Year built
1947
Construction
FRAME
Heating
FORCED AIR
Stories
1
Buildings
2
Units
3
Bathrooms
1
Lot
1.1 ac
Current owner
From public records · entity-resolved
Marine View RT
Individual
Mailing address
75 PARK PLZ, BOSTON, MA 02116-3941
Ownership since
1994
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
Sep 10, 2003
—
Windward RT
—
Deed Of Trust
related
$3,500,000 · Ned Credit INC
Jul 17, 2001
—
Windward RT
—
Deed Of Trust
related
$645,000 · Sovereign Bank
Aug 3, 1998
—
Windward RT
—
Deed Of Trust
related
$1,053,750 · Bankboston Development Co LLC
Jan 30, 1997
—
Windward RT
—
Deed Of Trust
related
$650,000 · Newburyport Five Cent
Oct 13, 1995
—
Hilton Fsng
—
Deed Of Trust
related
$1,000,000 · USA
Jan 25, 1995
—
Hilton Fshng
—
Deed Of Trust
related
$1,100,000 · Newburyport Five Cent
Jan 27, 1994
$178,000
Marine View RT
Cooper,merna C
Grant Deed
$142,400 · Inst Savings Newburyport
Apr 30, 1993
—
Windward RT
—
Deed Of Trust
related
$500,000 · Newburyport Five Cent
Aug 2, 1991
$169,900
Charles H Poirier
Provest Properties
Grant Deed
—
Dec 21, 1989
—
Windward RT
—
Deed Of Trust
related
$100,000 · Newburyport Five Cent
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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