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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Specialty properties
598 Main St West Newbury, MA 01985-1112
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-1665430
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1985
Construction
FRAME
Total area
2,338 SF
Lot
0.5 ac (21,780 SF)
Zoning code
RC
APN
WNEW M:023.0 B:0000 L:0007.A
UPID
US38-1665430
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
$730k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$634k
Blend (final)
Blend
$665k
Owner & transaction history
Salvation Army · 4 yrs held
Salvation Army
since 2022
Last sale
$628,000
7 recorded transactions
Zoning & alternative use
RC · West Newbury, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$600,000
+17.4%
Auto repair, garage
$560,000
+9.4%
Retail stores
$520,000
+1.5%
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 West Newbury submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Newbury 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
$700,000
ML approach
$730,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$510,000
Current use
OFFICE BUILDING
$600,000
Change: +17% · Conversion: Difficult
AUTO REPAIR, GARAGE
$560,000
Change: +9% · Conversion: Difficult
RETAIL STORES
$520,000
Change: +2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$465,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$665k
Range $645k – $658k · vs last sale $628k (Mar 17 2022)
Last sale anchor
$628k
Mar 17 2022
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
$284 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$6,468
Tax year 2023
Assessed value
$577,500
Assessed 2024
Previous assessed
$577,500
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$306,200
Assessed improvement
$271,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1985
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
1
Units
1
Rooms
6
Bathrooms
2
Total area
2,338 SF
Lot
0.5 ac (21,780 SF)
Zoning code
RC
APN
WNEW M:023.0 B:0000 L:0007.A
UPID
US38-1665430
Jurisdiction
WEST NEWBURY
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
RC · West Newbury, MAZoning RC · permitted uses
RC · West Newbury, MA
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
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$510,000
OFFICE BUILDING
Est. value
$600,000
AUTO REPAIR, GARAGE
Est. value
$560,000
RETAIL STORES
Est. value
$520,000
COMMERCIAL (GENERAL)
Est. value
$465,000
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
1985
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
1
Units
1
Rooms
6
Bathrooms
2
Lot
0.5 ac
Current owner
From public records · entity-resolved
Salvation Army
Individual
Mailing address
440 W NYACK RD, WEST NYACK, NY 10994-1753
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2022
$628,000
Salvation Army
Paul Harnois
Quit Claim Arm's Length For Ne States
—
Nov 4, 2020
—
Margaret A Poore
—
Deed
related
$400,000 · Newburyport Five Cents Savings Bank
Aug 1, 2003
—
Margaret A Poore
—
Deed Of Trust
related
$124,200 · Plymouth Savings Bank
Nov 20, 2001
—
Margaret A Poore
—
Deed Of Trust
related
$130,000 · Plymouth Savings Bank
Jun 1, 1999
—
Margaret A Poore
—
Deed Of Trust
related
$50,000 · Ocean National Bank
Mar 19, 1996
—
David M Poore
—
Deed Of Trust
related
$93,500 · Ocean National Bank
Oct 13, 1992
—
David M Moore
—
Deed Of Trust
related
$96,000 · Ocean National Bank
Aug 18, 1989
$180,000
David M Poore
Labonte,ernest
Grant Deed
$120,000 · Ocean National Bank
—
—
Margaret A Poore
—
Deed Of Trust
related
$125,000 · St Jeans Cu
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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