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Property profile & analytics
OFF-MARKET
Estimated value
$3,135,000
Investment properties
87 Washington St, Haverhill, MA 01832-5687
Entity Owned
9-yr Hold
Property ID
US38-0877624
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Construction
FRAME
Total area
20,688 SF
Lot
0.16 ac (6,970 SF)
Zoning code
TY
APN
HAVE M:0301 B:00052 L:6
UPID
US38-0877624
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
-
The Granville Apartment Complex Apartment Rental Agency
-
Hummingbird Nutritious Eats Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.06M
Blend (final)
Blend
$3.14M
Owner & transaction history
87 Washington LLC · 9 yrs held
87 Washington LLC
since 2017
7 recorded transactions
Zoning & alternative use
TY · Haverhill, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.0M
+118.9%
Office building
$4.6M
+104.5%
Retail stores
$3.0M
+31.1%
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 Haverhill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Haverhill 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,265,000
Current use
AUTO REPAIR, GARAGE
$4,955,000
Change: +119% · Conversion: Difficult
OFFICE BUILDING
$4,630,000
Change: +104% · Conversion: Easy
RETAIL STORES
$2,965,000
Change: +31% · Conversion: Easy
WAREHOUSE, STORAGE
$2,910,000
Change: +28% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,870,000
Change: +27% · Conversion: Moderate
Blend value · Realmo final
$3.14M
Range $2.82M – $3.45M · ±10%
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
$152 / 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 2019Property tax & assessments
Tax year 2019
Tax billed
$17,253
Tax year 2019
Assessed value
$3,268,763
Assessed 2024
Previous assessed
$2,533,880
+29.0% YoY
Effective rate
0.53%
On assessed value
Assessed land
$1,572,000
Assessed improvement
$1,696,763
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Off-Market
Year built
1900
Construction
FRAME
Heating
STEAM
Cooling
YES
Buildings
1
Stories
4
Units
24
Rooms
78
Bathrooms
28
Total area
20,688 SF
Lot
0.16 ac (6,970 SF)
Zoning code
TY
APN
HAVE M:0301 B:00052 L:6
UPID
US38-0877624
Jurisdiction
HAVERHILL
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
TY · Haverhill, MA
Zoning TY · permitted uses
TY · Haverhill, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Haverhill. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$5.0M
OFFICE BUILDING
Est. value
$4.6M
RETAIL STORES
Est. value
$3.0M
WAREHOUSE, STORAGE
Est. value
$2.9M
INDUSTRIAL (GENERAL)
Est. value
$2.9M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
Cooling
Yes
Stories
4
Buildings
1
Units
24
Rooms
78
Bathrooms
28
Lot
0.16 ac
Current owner
From public records · entity-resolved
87 Washington LLC
Entity
Mailing address
50 SUMMER ST, BOSTON, MA 02110-1003
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2018
—
87 Wa LLC
—
Deed
related
$400,000 · Mass Dev Fin'l Agcy
Jan 20, 2017
$850,000
87 Washington LLC
Arlington Funding Svcs
Quit Claim Deed
$772,500 · Property & Cslty Init
Feb 6, 1998
$400,000
Arlington Funding Svc
Arcidi,alfred L
Grant Deed
related
—
Dec 18, 1995
$350,000
T Hanover
Jason RT
Grant Deed
—
Dec 18, 1995
—
Hanover Trust
—
Deed Of Trust
related
$625,000 · Arlingotn Funding Svc
Jul 13, 1990
—
Jason RT
—
Deed Of Trust
related
$60,000 · New Heritage Bank & Trust
Feb 7, 1990
$300,000
Jason RT
Silberman,gerald
Grant Deed
$200,000 · New Heritage Bank & Trust
Feb 7, 1990
—
Jason RT
—
Deed Of Trust
related
$80,000 · Zwi Kohorn
Jan 28, 1987
$287,000
Gerald B Silberman
Bfg INC
Grant Deed
—
—
—
87 Wa LLC
—
Deed Of Trust
related
$400,000 · Mass Dev Fin'l Agcy
—
—
87 Wa LLC
—
Deed Of Trust
related
$3,200,000 · Mass Dev Fin'l Agcy
—
—
87 Wa LLC
—
Deed Of Trust
related
$2,400,000 · Mass Dev Fin'l Agcy
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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