Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Super regional malls
980 Paradise Rd Swampscott, MA 01907-3200
Entity Owned
19-yr Hold
Free & Clear
Property ID
US38-1841221
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
2009
Construction
STEEL FRAME
Total area
6,250 SF
Lot
0.98 ac (42,863 SF)
Zoning code
B3
APN
SWAM M:0017 B:009B L:0
UPID
US38-1841221
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
-
T-Mobile Mobile Phone Store Electronics & Wireless Store
-
Five Guys Restaurant Take-out & Catering
-
Dunkin' Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$685k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$394k
Blend (final)
Blend
$540k
Owner & transaction history
980 Paradise Road LLC · 19 yrs held
980 Paradise Road LLC
since 2007
3 recorded transactions
Zoning & alternative use
B3 · Swampscott, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$825,000
+204.9%
Auto repair, garage
$805,000
+199.1%
Retail stores
$780,000
+189.0%
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 Swampscott submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Swampscott 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
$685,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$825,000
Change: +205% · Conversion: Difficult
AUTO REPAIR, GARAGE
$805,000
Change: +199% · Conversion: Difficult
RETAIL STORES
$780,000
Change: +189% · Conversion: Easy
INDUSTRIAL (GENERAL)
$600,000
Change: +122% · Conversion: Difficult
COMMERCIAL (GENERAL)
$530,000
Change: +97% · Conversion: Easy
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
$86 / 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
$70,613
Tax year 2024
Assessed value
$3,326,100
Assessed 2024
Previous assessed
$3,326,100
+0.0% YoY
Effective rate
2.12%
On assessed value
Assessed land
$1,595,800
Assessed improvement
$1,730,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
2009
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
3
Bathrooms
6
Total area
6,250 SF
Lot
0.98 ac (42,863 SF)
Zoning code
B3
APN
SWAM M:0017 B:009B L:0
UPID
US38-1841221
Jurisdiction
SWAMPSCOTT
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
B3 · Swampscott, MA
Zoning B3 · permitted uses
B3 · Swampscott, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Swampscott. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$825,000
AUTO REPAIR, GARAGE
Est. value
$805,000
RETAIL STORES
Est. value
$780,000
INDUSTRIAL (GENERAL)
Est. value
$600,000
COMMERCIAL (GENERAL)
Est. value
$530,000
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
COMMERCIAL (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
2009
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
3
Bathrooms
6
Lot
0.98 ac
Current owner
From public records · entity-resolved
980 Paradise Road LLC
Entity
Free & Clear · 19 yrs held
Mailing address
600 LORING AVE, SALEM, MA 01970-4264
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2012
—
980 Paradise Road LLC
—
Deed Of Trust
related
$2,000,000 · United Bank
Jun 1, 2007
$2,300,000
980 Paradise Road LLC
980 RT
Grant Deed
—
Oct 8, 1993
$90,000
Dennis W Gallant
Vinnin Square Svc Ctr
Grant Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 980 Paradise Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
