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Property profile & analytics
OFF-MARKET
Estimated value
$2,500,000
Medical Office Space
1029 Pleasant St Bridgewater, MA 02324-2472
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US38-1897904
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2015
Construction
FRAME
Total area
16,366 SF
Lot
2.91 ac (126,700 SF)
APN
BRID M:072 L:011
UPID
US38-1897904
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.37M
Blend (final)
Blend
$2.50M
Owner & transaction history
Bprc LLC · 11 yrs held
Bprc LLC
since 2014
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.8M
+40.4%
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 Bridgewater submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bridgewater 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,955,000
Current use
OFFICE BUILDING
$2,750,000
Change: +40% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,765,000
Change: -10% · Conversion: Easy
RETAIL STORES
$1,655,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$2.50M
Range $2.25M – $2.75M · ±10%
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
$153 / 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
$45,030
Tax year 2024
Assessed value
$3,709,200
Assessed 2024
Previous assessed
$3,709,200
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$826,500
Assessed improvement
$2,882,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2015
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Rooms
7
Bathrooms
1
Total area
16,366 SF
Lot
2.91 ac (126,700 SF)
APN
BRID M:072 L:011
UPID
US38-1897904
Jurisdiction
BRIDGEWATER
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.0M
OFFICE BUILDING
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$1.8M
RETAIL STORES
Est. value
$1.7M
MEDICAL BUILDING Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2015
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Rooms
7
Bathrooms
1
Lot
2.91 ac
Current owner
From public records · entity-resolved
Bprc LLC
Entity
Mailing address
1029 PLEASANT ST, BRIDGEWATER, MA 02324-2472
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2016
—
Bprc LLC
—
Deed
related
$1,905,000 · Miscellaneous Govt Agcy
Oct 20, 2014
$575,000
Bprc LLC
Cumberland Farms INC
Quit Claim Arm's Length For Ne States
$2,313,000 · Bridgewater Savings Bank
Dec 1, 2006
$1
Bridge Jas LLC
Dresser,stephen R
Grant Deed
—
Dec 1, 2006
$395,000
Cumberland Farms INC
Bridge Jas LLC
Grant Deed
—
Aug 10, 2006
—
Stephen R Dresser
—
Deed Of Trust
related
$20,000 · Cynthia A Adams
Jul 17, 2006
$375,000
Stephen R Dresser
Adams,ronald R
Grant Deed
$337,500 · Wells Fargo Mortgage
Aug 4, 2004
—
Ronald R Adams
—
Deed Of Trust
related
$261,870 · First Horizon Home Loan
Mar 1, 2004
—
Ronald R Adams
—
Deed Of Trust
related
$20,000 · Community Bank & Trust Co
Sep 23, 2003
—
Ronald R Adams
—
Deed Of Trust
related
$200,000 · Anyloan Co
Jun 1, 2000
—
Ronald R Adams
—
Deed Of Trust
related
$29,800 · Household Finance Corp
Apr 20, 1999
—
Ronald R Adams
—
Deed Of Trust
related
$150,000 · Community Bank NA
May 10, 1989
—
Ronald R Adams
—
Deed Of Trust
related
$20,000 · Zwi Kohorn
Sep 22, 1988
—
Ronald R Adams
—
Deed Of Trust
related
$50,000 · Bridgewater Savings Bank
Aug 15, 1988
—
Ronald R Adams
—
Deed Of Trust
related
$10,000 · Zwi Kohorn
Feb 5, 1988
—
Ronald R Adams
—
Deed Of Trust
related
$8,000 · Bridgewater Savings Bank
—
—
Bprc LLC
—
Deed Of Trust
related
$1,905,000 · Miscellaneous Govt Agcy
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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