51-53 S Main St, Ipswich, MA 01938 - Valuation report, cap rates, free data
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51-53 S Main St, Ipswich, MA 01938

Indicative value *
$0.4M - $0.5M
* 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
22
Value decline
risk score
65
Value growth
potential score
  • Business district area with 32% of people residing in the area and 68% commuting here for work
  • On a highway, highway score is 98 (out of 100)
  • High average salary of $65,000 per year
  • Popular area with foot traffic score of 85 (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
  • Access to public transit is average with transit score of 45 (out of 100)
  • Medium employee density of 7,431/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 / 51-53 S Main St, Ipswich, MA 01938, USA Sign up for free property alerts
    Size
    Price
    $/SF
    Estimated
    cap rate
    Date
    Type
    3653
    127
    4.29
    01/31/20
    Office
    1650
    118
    4.52
    12/27/19
    Office
    1968
    127
    6.61
    12/23/19
    Office
    1650
    134
    3.97
    06/28/19
    Office
    1927
    622
    1.54
    06/28/19
    Office
    3578
    112
    8.05
    05/15/19
    Office
    3432
    320
    4.01
    05/09/19
    Office
    4115
    486
    3.37
    04/24/19
    Office
    5168
    268
    3.91
    03/29/19
    Office
    3712
    323
    3.43
    03/15/19
    Office
    3612
    126
    10.66
    02/27/19
    Office
    2060
    194
    5.76
    12/05/18
    Office
    2071
    555
    2.05
    08/28/18
    Office
    3384
    152
    6.85
    08/07/18
    Office
    4485
    182
    8.13
    06/22/18
    Office
    1920
    169
    5.16
    06/11/18
    Office
    2421
    212
    5.18
    05/01/18
    Office
    3800
    171
    7.48
    06/27/17
    Office
    2472
    422
    5.05
    06/20/17
    Office
    3653
    147
    3.7
    05/30/17
    Office
    1882
    146
    5.73
    05/03/17
    Office
    2368
    156
    10.69
    04/05/17
    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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