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Property profile & analytics
OFF-MARKET
Estimated value
$4,070,000
Office buildings
990 Paradise Rd, Swampscott, MA 01907-1395
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-1727111
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1975
Construction
STEEL FRAME
Total area
24,203 SF
Lot
0.92 ac (40,206 SF)
Zoning code
B3
APN
SWAM M:0017 B:009C L:0
UPID
US38-1727111
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
-
Dr. Joan Mccormack Physician
-
Cosmetic Dermatology & Aesthetic Laser Center Physician Medical Clinic
-
DR goldbergs Physician Medical Clinic
-
Jeffrey Bonnaud, PA-C, MHS Physician Medical Clinic
-
Rotondo R Louis DPM Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.33M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.42M
Blend (final)
Blend
$4.07M
Owner & transaction history
990 Realty LLC · 4 yrs held
990 Realty LLC
since 2022
Last sale
$3.8M
5 recorded transactions
Zoning & alternative use
B3 · Swampscott, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$4,285,000
ML approach
$4,330,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,220,000
Current use
AUTO REPAIR, GARAGE
$5,800,000
Change: -7% · Conversion: Difficult
RETAIL STORES
$5,385,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$4.07M
Range $3.66M – $4.48M · ±10% · vs last sale $3.83M (May 24 2022)
Last sale anchor
$3.83M
May 24 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
$168 / 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
$81,513
Tax year 2024
Assessed value
$3,839,500
Assessed 2024
Previous assessed
$3,839,500
+0.0% YoY
Effective rate
2.12%
On assessed value
Assessed land
$1,429,300
Assessed improvement
$2,410,200
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1975
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
12
Bathrooms
8
Total area
24,203 SF
Lot
0.92 ac (40,206 SF)
Zoning code
B3
APN
SWAM M:0017 B:009C L:0
UPID
US38-1727111
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
OFFICE BUILDING Current
Est. value
$6.2M
AUTO REPAIR, GARAGE
Est. value
$5.8M
RETAIL STORES
Est. value
$5.4M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
1975
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
12
Bathrooms
8
Lot
0.92 ac
Current owner
From public records · entity-resolved
990 Realty LLC
Entity
Mailing address
100 CUMMINGS CTR, BEVERLY, MA 01915-6115
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 24, 2022
—
990 Realty LLC
Richard M Shribman Ret
Deed
—
May 24, 2022
$3,829,457
Rockportcp Realty LLC
990 Realty LLC
Quit Claim Arm's Length For Ne States
$2,872,000 · North Shore Bank
Jan 4, 2006
—
990 Rlty LLC
—
Deed Of Trust
related
$1,900,000 · Liberty Bank
Nov 20, 1997
—
990 RT
—
Deed Of Trust
related
$1,100,000 · Gary Needham
Aug 5, 1997
—
990 RT
—
Deed Of Trust
related
$56,000 · Gary Needham
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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