61 Market St, Ipswich, MA 01938 - Valuation report, cap rates, free data
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61 Market St, 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
75
Value growth
potential score
  • Business district area with 38% of people residing in the area and 62% 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 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
  • Neighbors include: Bank Of America
  • Access to public transit is average with transit score of 47 (out of 100)
  • Medium employee density of 7,583/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 / 61 Market St, 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
    12000
    108
    7.54
    12/20/18
    Office
    14256
    206
    3.96
    11/14/18
    Office
    15483
    135
    9.63
    05/04/18
    Office
    18118
    147
    5.69
    03/30/18
    Office
    8735
    114
    7.02
    08/04/17
    Office
    7085
    268
    3.5
    06/26/17
    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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