Property profile

9 Atlantic Ave Marblehead, MA 01945

OFF-MARKET
Office buildings
Property ID
US38-0430528
7,797 SF 0.37 ac lot Built 1978
Entity Owned 7-yr Hold Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1978
Construction FRAME
Total area 7,797 SF
Lot 0.37 ac (16,160 SF)
Zoning code BR
APN MARB M:0115 B:0053 L:0
UPID US38-0430528

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Property Management Company
  • Insurance Agency

Location

9 Atlantic Ave Marblehead, MA 01945-3293
Marblehead metro Census 203301 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.44M
Blend (final) Blend
$1.95M

Owner & transaction history

since 2019
7 recorded transactions
2019
$1.4M
2019
$1.2M
2003
$850,000
1998
Price N/A
1988
Price N/A
1987
$750,000
1987
Price N/A

Zoning & alternative use

BR · Marblehead, MA
Zoning description

e GR General Residence SGR Shoreline General Residence B Business U Unrestricted SU Shoreline Unrestricted ECR Expanded Central Residence CR Central Residence SC Shoreline Central Residence H Harborfront B1 Business - 1…

General category COMMERCIAL
Top alternative use upside
Restaurant $2.7M +34.3%
Commercial (general) $2.7M +32.3%
Apartment house (5+ units) $2.5M +24.4%

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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