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Property profile & analytics
FOR SALE
Investment properties
7 Main St, Essex, MA 01929
Individually Owned
Property ID
US38-0513551
For Sale
1 / 40
$785,000
7 Main St, Essex, MA 01929
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1836
Construction
FRAME
Total area
2,368 SF
Lot
0.56 ac (24,198 SF)
Zoning code
RS2
APN
ESSE M:128 L:68
UPID
US38-0513551
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
-
Sea Meadow Gifts and Gardens (Bike/Boat/Book/etc) Store
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
Georganne L Richards
Georganne L Richards
since 2026
Last sale
$315,000
7 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
$11,872
Tax year 2024
Assessed value
$891,300
Assessed 2024
Previous assessed
$726,600
+22.7% YoY
Effective rate
1.33%
On assessed value
Assessed land
$387,200
Assessed improvement
$504,100
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Sale
Year built
1836
Construction
FRAME
Heating
WOOD FURNACE
Buildings
2
Stories
2
Units
2
Rooms
5
Bathrooms
2
Total area
2,368 SF
Lot
0.56 ac (24,198 SF)
Zoning code
RS2
APN
ESSE M:128 L:68
UPID
US38-0513551
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
1836
Construction
FRAME
Heating
WOOD FURNACE
Stories
2
Buildings
2
Units
2
Rooms
5
Bathrooms
2
Lot
0.56 ac
Current owner
From public records · entity-resolved
Georganne L Richards
Individual
Mailing address
7 MAIN ST, ESSEX, MA 01929-1224
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2026
—
Georganne L Richards
Andrew A Grimes
Quitclaim Deed
related
—
Sep 15, 2022
—
Andrew A Grimes
Georgeanne Lane
Quit Claim Deed
related
—
Oct 5, 2017
—
Georgeanne L Richards
—
Deed
related
$50,000 · Cape Ann Savings Bank
May 30, 2017
—
Georgeanne L Lane
—
Deed
related
$235,000 · Cape Ann Savings Bank
Nov 30, 2004
$1
Georgeanne L Lane
Lane,georgeanne L
Grant Deed
related
—
Nov 30, 2004
—
Georgeanne L Lane
—
Deed Of Trust
related
$237,000 · Option One Mortgage Corp
Nov 24, 1999
$315,000
Georgeanne L Lane
Sim,charles A
Grant Deed
$220,500 · Warren Five Cts Savings
Dec 30, 1996
—
Charles A Sim
—
Deed Of Trust
related
$35,000 · Ipswich Savings Bank
Jul 16, 1992
—
Charles A Sim
—
Deed Of Trust
related
$110,000 · Warren Five Cts Savings
Sep 12, 1991
$125,001
Charles A Sim
John Mulcahy Est
Grant Deed
$107,000 · Warren Five Cts Savings
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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