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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Specialty properties
62 Pleasant St, Marblehead, MA 01945-3369
Individually Owned
39-yr Hold
~
Est. High Equity
Property ID
US38-1843551
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1860
Construction
FRAME
Total area
17,854 SF
Lot
0.79 ac (34,200 SF)
Zoning code
HIST
APN
MARB M:0133 B:0063 L:0
UPID
US38-1843551
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
-
Marblehead Chamber of Commerce Business Service Center Advocacy Group
-
Taylor Paul A. CPA Tax Preparation
-
Rick Ashley Photography Service (Bike/Boat/Book/etc) Store
-
Masonic Temple Volunteer Organization Community Center
-
Philanthropic Building Associates Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$480k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$891k
Blend (final)
Blend
$685k
Owner & transaction history
Philanthropic · 39 yrs held
Philanthropic
since 1987
1 recorded transaction
Zoning & alternative use
HIST · Marblehead, 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 Marblehead submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marblehead 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
$480,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$685k
Range $617k – $754k · ±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
$38 / 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
$15,352
Tax year 2024
Assessed value
$1,713,400
Assessed 2024
Previous assessed
$1,517,500
+12.9% YoY
Effective rate
0.90%
On assessed value
Assessed land
$1,411,800
Assessed improvement
$301,600
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1860
Construction
FRAME
Heating
STEAM
Cooling
YES
Buildings
1
Stories
3
Units
1
Bathrooms
4
Total area
17,854 SF
Lot
0.79 ac (34,200 SF)
Zoning code
HIST
APN
MARB M:0133 B:0063 L:0
UPID
US38-1843551
Jurisdiction
MARBLEHEAD
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
HIST · Marblehead, MA
Zoning HIST · permitted uses
HIST · Marblehead, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Marblehead. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1860
Construction
FRAME
Heating
STEAM
Cooling
Yes
Stories
3
Buildings
1
Units
1
Bathrooms
4
Lot
0.79 ac
Current owner
From public records · entity-resolved
Philanthropic
Individual
Mailing address
PO BOX 264, MARBLEHEAD, MA 01945-0264
Ownership since
1987
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 1987
—
Philanthropic
—
Deed Of Trust
related
$75,000 · National Grand Bank Marblhd
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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