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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Retail space
80-82 Washington St, Marblehead, MA 01945
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-0517671
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Construction
FRAME
Total area
3,132 SF
Lot
0.06 ac (2,510 SF)
Zoning code
HIST
APN
MARB M:0149 B:0058 L:0
UPID
US38-0517671
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
$695k
CAP Approach
CAP
$790k
Comparable Approach
Comparable
$754k
Blend (final)
Blend
$695k
Owner & transaction history
Old Town Properties LLC · 2 yrs held
Old Town Properties LLC
since 2024
Last sale
$695,000
2 recorded transactions
Zoning & alternative use
HIST · Marblehead, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+52.9%
Office building
$805,000
+15.6%
Auto repair, garage
$750,000
+7.7%
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 Marblehead submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marblehead 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
$695,000
ML approach
$695,000
CAP Approach
CAP Return
Estimation
6%
$860,000
6.5%
$790,000
7%
$735,000
Alternative Use
Use
Estimation
RETAIL STORES
$695,000
Current use
COMMERCIAL (GENERAL)
$1,065,000
Change: +53% · Conversion: Easy
OFFICE BUILDING
$805,000
Change: +16% · Conversion: Easy
AUTO REPAIR, GARAGE
$750,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$695k
Range $626k – $765k · ±10% · vs last sale $695k (Mar 15 2024)
Last sale anchor
$695k
Mar 15 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
$222 / 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
$7,671
Tax year 2024
Assessed value
$856,100
Assessed 2024
Previous assessed
$856,100
+0.0% YoY
Effective rate
0.90%
On assessed value
Assessed land
$590,300
Assessed improvement
$265,800
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
STEAM
Buildings
1
Stories
2
Units
2
Bathrooms
4
Total area
3,132 SF
Lot
0.06 ac (2,510 SF)
Zoning code
HIST
APN
MARB M:0149 B:0058 L:0
UPID
US38-0517671
Jurisdiction
MARBLEHEAD
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
HIST · Marblehead, MA
Zoning HIST · permitted uses
HIST · Marblehead, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Marblehead. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$695,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
OFFICE BUILDING
Est. value
$805,000
AUTO REPAIR, GARAGE
Est. value
$750,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1900
Construction
FRAME
Heating
STEAM
Stories
2
Buildings
1
Units
2
Bathrooms
4
Lot
0.06 ac
Current owner
From public records · entity-resolved
Old Town Properties LLC
Entity
Mailing address
80 WASHINGTON ST #82, MARBLEHEAD, MA 01945-3553
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2024
$695,000
Old Town Properties LLC
80-82 Wa Street LLC
Quit Claim Arm's Length For Ne States
$521,000 · Eagle Bank
Jun 15, 2006
$600,000
80-82 Washington St Ll
Alsberg RT
Deed
$525,000 · Natl Grand Bk Marblhd
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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