New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,150,000
Turn key restaurants
74 Main St, Essex, MA 01929-1343
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-0431271
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1960
Construction
FRAME
Total area
3,829 SF
Lot
0.34 ac (14,815 SF)
Zoning code
C00
APN
ESSE M:128 L:155
UPID
US38-0431271
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
-
Ripple on the Water Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.12M
Blend (final)
Blend
$1.15M
Owner & transaction history
74 Main Street Essex RT · 2 yrs held
74 Main Street Essex RT
since 2024
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
C00 · 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
Method
Estimation
Statistic approach
$1,150,000
ML approach
$1,150,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.15M
Range $1.04M – $1.27M · ±10% · vs last sale $1.15M (Feb 16 2024)
Last sale anchor
$1.15M
Feb 16 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
$300 / 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
$12,408
Tax year 2024
Assessed value
$931,500
Assessed 2024
Previous assessed
$814,900
+14.3% YoY
Effective rate
1.33%
On assessed value
Assessed land
$662,000
Assessed improvement
$269,500
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1960
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
4
Total area
3,829 SF
Lot
0.34 ac (14,815 SF)
Zoning code
C00
APN
ESSE M:128 L:155
UPID
US38-0431271
Jurisdiction
ESSEX
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
C00 · Essex, MA
Zoning C00 · permitted uses
C00 · 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
1960
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
4
Lot
0.34 ac
Current owner
From public records · entity-resolved
74 Main Street Essex RT
Individual
Mailing address
74 MAIN ST, ESSEX, MA 01929-1343
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2026
—
74 Main Street Essex RT
—
Deed
related
$105,000 · Wheeler Point Trust
Feb 16, 2024
$1,150,000
74 Main Street Essex RT
Officerbowlingball LLC
Quit Claim Arm's Length For Ne States
$1,120,000 · Bankgloucester (gloucester Coop Ban
Nov 2, 2017
$800,000
Officer Bowlingball LLC
Macburnie Sarah H Trust
Quit Claim Deed
$800,000 · Michael W Riordan
Jan 12, 2007
—
Towne Landing RT
—
Deed Of Trust
related
$40,000 · First National Bank Ipswch
Mar 25, 2003
—
Towne Landing RT
—
Deed Of Trust
related
$410,000 · First National Bank Ipswch
May 29, 2001
—
Towne Landing RT
—
Deed Of Trust
related
$25,000 · Towne Landing INC
Jul 25, 2000
—
Towne Landing RT
—
Deed Of Trust
related
$50,000 · Zwi Kohorn
May 27, 1999
$615,000
Towne Landing RT
Heath,brian L
Grant Deed
—
May 27, 1999
—
Towne Landing RT
—
Deed Of Trust
related
$440,000 · Gloucester Bank & Trust Co
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 74 Main St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
