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Property profile & analytics
OFF-MARKET
Estimated value
$1,870,000
Banks
1 Hastings St, Mendon, MA 01756-1092
Entity Owned
4-yr Hold
Free & Clear
Property ID
US38-0467684
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2009
Construction
FRAME
Total area
7,275 SF
Lot
1.31 ac (57,064 SF)
Zoning code
C/I
APN
MEND M:08 B:142 P:001
UPID
US38-0467684
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
-
Millennium Realty Real Estate Agency
-
Charles River Bank Bank Loan Service
-
Reardon Insurance Agency & Financial Services, LLC Insurance Agency
-
Mendon Local Realty Real Estate Agency
-
Jeffrey D Williams Law Offices Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.84M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.87M
Owner & transaction history
Mecoba Properties INC · 4 yrs held
Mecoba Properties INC
since 2022
Last sale
$1.9M
4 recorded transactions
Zoning & alternative use
C/I · Mendon, 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 Mendon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mendon 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
$1,835,000
ML approach
$1,840,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.87M
Range $1.68M – $2.06M · ±10% · vs last sale $1.90M (Feb 15 2022)
Last sale anchor
$1.90M
Feb 15 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
$257 / 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
$24,680
Tax year 2024
Assessed value
$1,802,800
Assessed 2024
Previous assessed
$1,802,800
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$219,000
Assessed improvement
$1,583,800
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2009
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Total area
7,275 SF
Lot
1.31 ac (57,064 SF)
Zoning code
C/I
APN
MEND M:08 B:142 P:001
UPID
US38-0467684
Jurisdiction
MENDON
Zoning & alternative use
C/I · Mendon, MA
Zoning C/I · permitted uses
C/I · Mendon, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mendon. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2009
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Lot
1.31 ac
Current owner
From public records · entity-resolved
Mecoba Properties INC
Entity
Free & Clear · 4 yrs held
Mailing address
70 MAIN ST, MEDWAY, MA 02053-1825
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 15, 2022
$1,900,000
Mecoba Properties INC
Hastings Properties Nt
Quit Claim Arm's Length For Ne States
—
Nov 26, 2002
—
Judith A Leonelli
—
Deed Of Trust
related
$220,000 · Medway Capital Bank
Dec 2, 1999
$270,000
Hastings Properties Nt
Pease,joan T
Grant Deed
$180,000 · Medway Capital Bank
Apr 22, 1994
$270,000
Bugle Hill Partners
Cox,norman L
Grant Deed
$170,000 · Zenon Grzybowski
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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