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Property profile & analytics
OFF-MARKET
Estimated value
$1,050,000
Industrial properties
65 Parker St Ste 5, Newburyport, MA 01950-4600
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-1145323
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,330 SF
APN
NEWP M:0036 B:0007E L:0000
UPID
US38-1145323
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
$1.05M
CAP Approach
CAP
$870k
Comparable Approach
Comparable
$1.04M
Blend (final)
Blend
$1.05M
Owner & transaction history
Parker & Parker 5 LLC · 2 yrs held
Parker & Parker 5 LLC
since 2024
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.7M
+39.5%
Auto repair, garage
$1.3M
+4.5%
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 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
$1,050,000
ML approach
$1,050,000
CAP Approach
CAP Return
Estimation
6%
$945,000
6.5%
$870,000
7%
$810,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,220,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,705,000
Change: +39% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,275,000
Change: +4% · Conversion: Easy
RETAIL STORES
$1,185,000
Change: -3% · Conversion: Moderate
Blend value · Realmo final
$1.05M
Range $945k – $1.16M · ±10% · vs last sale $1.05M (Jun 6 2024)
Last sale anchor
$1.05M
Jun 6 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
$197 / 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
$5,982
Tax year 2024
Assessed value
$600,000
Assessed 2024
Previous assessed
$600,000
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed improvement
$600,000
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
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Status
Off-Market
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
2
Bathrooms
1
Total area
5,330 SF
APN
NEWP M:0036 B:0007E L:0000
UPID
US38-1145323
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
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.3M
RETAIL STORES
Est. value
$1.2M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
RETAIL STORES
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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
2
Bathrooms
1
Current owner
From public records · entity-resolved
Parker & Parker 5 LLC
Entity
Mailing address
65 PARKER ST STE #5, NEWBURYPORT, MA 01950-4600
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2024
$1,050,000
Parker & Parker 5 LLC
Jelise LLC
Quit Claim Arm's Length For Ne States
$787,500 · Newburyport Five Cents Savings Bank
Feb 26, 2013
—
Jelise LLC
—
Deed Of Trust
related
$230,000 · Blue Hills Bank
Apr 19, 2006
$625,000
Jelise LLC
Geordie Rlty LLC
Grant Deed
$468,750 · Sovereign Bank
Jul 29, 2004
—
Geordie Realty LLC
—
Deed Of Trust
related
$75,000 · Banknorth NA
Jun 6, 2003
—
Geordie Rlty LLC
—
Deed Of Trust
related
$50,500 · Banknorth NA
May 8, 2003
—
Geordie Rlty LLC
—
Deed Of Trust
related
$183,000 · Certified Dev Co Massachusetts
Mar 7, 2003
—
Geordie Realty LLC
—
Deed Of Trust
related
$190,000 · Certified Dev Co Massachusetts
Aug 5, 2002
$420,000
Geordie Realty LLC
Mbraun INC
Grant Deed
$212,500 · Banknorth NA
Aug 5, 2002
—
Geordie Realty LLC
—
Deed Of Trust
related
$127,500 · Banknorth NA
Dec 20, 2000
$432,000
Peter Calandara JR.
Hinrichs,gerhard
Grant Deed
$442,000 · Zuckerman Family Nomi
Dec 18, 1996
$338,000
Gerhard Hinrich
Canmass Holding INC
Grant Deed
—
May 5, 1992
—
Canmass Holdings INC
—
Deed Of Trust
related
$296,000 · Zenon Grzybowski
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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