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    Property profile & analytics

    81 Tpke Rd Ipswich, MA 01938-1046

    • Turn key restaurants
    • 7,134 SF
    • 3.00 lot acres
    OFF-MARKET
    Value Estimation
    $1,810,000
    Last Sale
    Aug 16, 2024
    $1,800,000
    Location Intelligence
    Property ID
    US38-1047845
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Majestic Dragon / Chinese Restaurant / Asian Restaurant

    Property Details for 81 Tpke Rd

    Year built
    1984
    Construction
    FRAME
    Lot size
    3.00 lot acres
    Property size
    7,134 SF
    Zone code
    PC
    Property type
    Turn key restaurants
    APN
    IPSW M:27C B:024A L:0
    APU
    IPSWM27CB024AL0

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,800,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,745,000
      6.5%
      $1,955,000
      7%
      $1,730,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,735,000
      Geo Method
      $1,865,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,020,000
      Retail
      $1,735,000
      Mixed-Use
      $2,025,000
      Hospitality
      $1,735,000
      Educational
      $1,640,000
      Residential Income
      $1,890,000
      Energy
      $2,110,000
      Income-Based Land
      $1,705,000
      Food Service
      $2,060,000

    Location Insight

    • Map
    • Local Demand
    City
    Ipswich
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.9163
    Latitude
    42.6874
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $10,544
    $507,700
    $418,800
    $926,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $230,000
      3,434 SF

      25 Hammatt St

      RESTAURANT • 3,434 SF
      25 Hammatt St, Ipswich, MA 01938-1930
      View Details
    • Value Estimation by Request
      7,548 SF

      51 Linebrook Rd

      RESTAURANT • 7,548 SF
      51 Linebrook Rd, Ipswich, MA 01938-2900
      View Details
    • Value Estimation by Request
      4,476 SF

      141 High St

      RESTAURANT • 4,476 SF
      141 High St, Ipswich, MA 01938-1238
      View Details
    • Value Estimation
      $295,000
      2,629 SF

      2 Essex Rd

      RESTAURANT • 2,629 SF
      2 Essex Rd, Ipswich, MA 01938-2526
      View Details
    • Value Estimation
      $390,000
      1,793 SF

      246 High St

      RESTAURANT • 1,793 SF
      246 High St, Ipswich, MA 01938-1250
      View Details
    • Value Estimation
      $625,000
      1,704 SF

      158 High St

      RESTAURANT • 1,704 SF
      158 High St, Ipswich, MA 01938-1248
      View Details

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      Ipswich Investment Opportunity: Condominium Project

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    Ipswich, MA 01938-1046
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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