Property profile

7 Atlantic Ave Marblehead, MA 01945

OFF-MARKET
Turn key restaurants
Property ID
US38-1164863
1,410 SF 0.03 ac lot Built 1940
Entity Owned 19-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1940
Construction FRAME
Total area 1,410 SF
Lot 0.03 ac (1,440 SF)
Zoning code B1
APN MARB M:0115 B:0050 L:0
UPID US38-1164863

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

7 Atlantic Ave Marblehead, MA 01945-3293
Marblehead metro Census 203301 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2006
4 recorded transactions
2006
$300,000
1995
$231,000
1989
$173,760
1989
Price N/A

Zoning & alternative use

B1 · Marblehead, MA
Zoning description

at contains a building or buildings(s) with more than three dwelling units. NONRESIDENTIAL USE - A use that is listed as an allowed retail and consumer service use or an allowed institutional and recreational use in the…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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