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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Manufacturing properties
97 Locust St, Haverhill, MA 01830-5643
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-1311656
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1900
Construction
FRAME
Total area
5,600 SF
Lot
0.14 ac (5,998 SF)
Zoning code
TY
APN
HAVE M:0303 B:00062 L:11
UPID
US38-1311656
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
-
Tommy's Pro Car Wash
-
Assembly Penecostal Church Church
-
Winter Street School Apartment Complex
-
Jean M. Bradanick, LMHC Counselor Doctor
-
Nancy E. Parker, RN Registered General Nurse
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$695k
CAP Approach
CAP
$915k
Comparable Approach
Comparable
$774k
Blend (final)
Blend
$695k
Owner & transaction history
Thomas Cardona · 4 yrs held
Thomas Cardona
since 2022
Last sale
$610,000
7 recorded transactions
Zoning & alternative use
TY · Haverhill, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$890,000
+14.7%
Retail stores
$805,000
+3.4%
Warehouse, storage
$785,000
+1.3%
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
$680,000
ML approach
$695,000
CAP Approach
CAP Return
Estimation
6%
$995,000
6.5%
$915,000
7%
$850,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$775,000
Current use
COMMERCIAL (GENERAL)
$890,000
Change: +15% · Conversion: Difficult
RETAIL STORES
$805,000
Change: +3% · Conversion: Moderate
WAREHOUSE, STORAGE
$785,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$695k
Range $626k – $765k · ±10% · vs last sale $610k (Jun 2 2022)
Last sale anchor
$610k
Jun 2 2022
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
$124 / 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
$10,377
Tax year 2024
Assessed value
$536,300
Assessed 2024
Previous assessed
$393,200
+36.4% YoY
Effective rate
1.93%
On assessed value
Assessed land
$147,200
Assessed improvement
$389,100
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Bathrooms
4
Total area
5,600 SF
Lot
0.14 ac (5,998 SF)
Zoning code
TY
APN
HAVE M:0303 B:00062 L:11
UPID
US38-1311656
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
INDUSTRIAL (GENERAL) Current
Est. value
$775,000
COMMERCIAL (GENERAL)
Est. value
$890,000
RETAIL STORES
Est. value
$805,000
WAREHOUSE, STORAGE
Est. value
$785,000
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
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
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Bathrooms
4
Lot
0.14 ac
Current owner
From public records · entity-resolved
Thomas Cardona
Individual
Mailing address
160 MERRIMACK ST UNIT #904, HAVERHILL, MA 01830-6162
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2022
$610,000
Thomas Cardona
Vila LLP
Quit Claim Arm's Length For Ne States
$560,000 · Thomas Cardona
Apr 3, 2007
$1
Vila LLP
Dallon,richard J
Grant Deed
—
Mar 1, 2007
$405,000
Villa LLP
Dallon,richard J
Grant Deed
$340,000 · Pentucket Bank
May 12, 2001
—
Richard Dallon
—
Deed Of Trust
related
$50,000 · Pentucket Bank
Apr 15, 1999
—
Richard J Dallon
—
Deed Of Trust
related
$30,000 · Merrimack Vly Econ De
Feb 9, 1999
—
Pride Upholstry
—
Deed Of Trust
related
$10,000 · Haverhill City
Dec 11, 1998
$110,000
Richard J Dallon
Jenkins,joseph S
Grant Deed
$95,000 · Pentucket Five Cents
Mar 19, 1998
—
Joseph S Jenkins
—
Deed Of Trust
related
$63,000 · Pentucket Five Cents
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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