Financial
Distress signals
Property profile

85 Eastern Ave Gloucester, MA 01930

OFF-MARKET
Office buildings
Property ID
US38-0569082
15,598 SF 1.1 ac lot Built 1927
Last sale Sep 2025 · $3,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

85 Eastern Avenue is a four-story brick professional office building that was a former schoolhouse and has been renovated. The property includes historic architectural elements and is laid out as flexible office space suitable for uses such as financial services, law firms, technology companies, and administrative offices. It is located near Route 128 (approximately 0.25 miles) and within about a mile of Good Harbor Beach and the Gloucester waterfront, with proximity to downtown Gloucester and highway access.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$19k
Tax billed · 2024
Assessed value$1.92M
Assessed land$384k
Assessed improvement$1.54M
Effective rate1.00%

Value estimate

· Sep 2026
$2.96M
$2.66M – $3.26M
Sales comparison$2.82M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$257/SF
County average, outlier-cleaned · 417 recorded sales of this use type
Observed band · Q1–Q3$156 – $403

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
R-10
This district is characterized by suburban residential development in existing neighborhoods, and provides a transition from the suburban...
General categoryCOMMERCIAL
JurisdictionGLOUCESTER

Location intelligence

Which uses thrive at this corner?
Best fit: Smoke and Vape Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Smoke and Vape Shop9.1
Carpet & Flooring Store8.8
Dry Cleaner8.8

Location

85 Eastern Ave Gloucester, MA 01930-6512
County assessor Recorded deeds · 8 transfers Comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

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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