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Property profile & analytics
OFF-MARKET
Retail properties & Spaces
66 John Wise Ave, Essex, MA 01929-1061
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US38-0433553
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1988
Construction
FRAME
Total area
2,096 SF
Lot
1.57 ac (68,389 SF)
Zoning code
RS2
APN
ESSE M:113 L:2
UPID
US38-0433553
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
66 John Wise Avenue Ll · 8 yrs held
66 John Wise Avenue Ll
since 2018
5 recorded transactions
Zoning & alternative use
RS2 · Essex, 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 Essex submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Essex 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,433
Tax year 2024
Assessed value
$332,800
Assessed 2024
Previous assessed
$297,400
+11.9% YoY
Effective rate
1.33%
On assessed value
Assessed land
$248,100
Assessed improvement
$84,700
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1988
Construction
FRAME
Heating
SPACE
Buildings
1
Stories
1
Total area
2,096 SF
Lot
1.57 ac (68,389 SF)
Zoning code
RS2
APN
ESSE M:113 L:2
UPID
US38-0433553
Jurisdiction
ESSEX
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
RS2 · Essex, MA
Zoning RS2 · permitted uses
RS2 · Essex, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Essex. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Construction
FRAME
Heating
SPACE
Stories
1
Buildings
1
Lot
1.57 ac
Current owner
From public records · entity-resolved
66 John Wise Avenue Ll
Individual
Mailing address
66 JOHN WISE AVE, ESSEX, MA 01929-1061
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2018
—
66 John Wise Avenue Ll
Thomas H Perkins
Quit Claim Deed
related
$75,000 · Newburyport Five Cents Savings Bank
Jan 4, 2001
$172,500
Thomas H Perkins
Bradford-story,dana
Grant Deed
—
Jul 23, 1996
—
Dana Story
—
Deed Of Trust
related
$60,000 · Gloucester Bank & Trust Co
Jan 14, 1988
—
Dana B Story
—
Deed Of Trust
related
$45,000 · Zwi Kohorn
Dec 15, 1987
$32,500
Dana B Story
Reinert,elsie B
Grant Deed
—
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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