2 Depot Sq, Ipswich, MA 01938 - Valuation report, cap rates, free data
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2 Depot Sq, Ipswich, MA 01938

Indicative value *
$1.4M - $1.7M
* This indicative valuation is based on sales of other properties in the area, where data is available (see interactive map in the Sales Transactions tab below). For more accurate valuation, please request
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B
Overall location
score
34
Value decline
risk score
74
Value growth
potential score
  • Business district area with 37% of people residing in the area and 63% commuting here for work
  • Close to highway, highway score is 97 (out of 100)
  • High average salary of $65,000 per year
  • Popular area with foot traffic score of 86 (out of 100)
  • Gentrifying area
  • Many amenities within walking distance, including restaurants The Riverview Restaurant, Ipswich House of Pizza, Zeno's Roast Beef, Spice Thai Kitchen, Zumi?s Espresso
  • Neighbors include: Bank Of America
  • Access to public transit is average with transit score of 48 (out of 100)
  • Medium employee density of 7,625/sq.mi. in 0.3mi and low employee density of 132/sq.mi. in 3mi
  • Largest industires include Tech, Light Manufacturing, Manufacturing
  • Relatively close to an urban center
  • Medium-sized business tenants in the area, including Ipswich Shellfish Company Inc., Dalton Electric Heating Co. Inc., Mercury Brewing And Distributi, Precision Elastomers, JMK Systems Solutions Inc, Joset Corporation, Case Technology LLC, Ipswich Investment Management, Edmund F. Goolsby Dds, Quebec-labrador Foundation, Tyler Fahey
  • Limited business growth
  • Low job growth in the area (within 3mi radius)
  • USA / Massachusetts / 01938 / 2 Depot Sq, Ipswich, MA 01938, USA Sign up for free property alerts
    Size
    Price
    $/SF
    Estimated
    cap rate
    Date
    Type
    17460
    108
    9.56
    04/02/20
    Office
    17722
    215
    5.82
    03/27/20
    Office
    32040
    44
    13.98
    12/19/19
    Office
    32040
    119
    5.25
    10/18/19
    Office
    5522
    131
    14.71
    03/15/19
    Office
    7316
    72
    19.26
    02/15/19
    Office
    14256
    206
    3.96
    11/14/18
    Office
    8429
    225
    3.95
    09/21/18
    Office
    27842
    125
    7.74
    05/31/18
    Office
    24000
    437
    2.12
    01/10/18
    Office
    26506
    98
    9.67
    11/30/17
    Office
    13533
    86
    6.72
    06/13/17
    Office
    18512
    205
    3.88
    05/24/17
    Office
    Estimated cap rates are calculated assuming current average market rents, market vacancy, and average costs for each property. Actual cap rates may differ substantially if the property had lower or higher rents than average for the market, or had a higher or lower than market vacancy, or costs
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