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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Office buildings
1140 Washington St Hanover, MA 02339-1615
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US38-1390780
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1970
Construction
FRAME
Total area
3,696 SF
Lot
0.36 ac (15,682 SF)
Zoning code
B
APN
HANO M:24 L:046
UPID
US38-1390780
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
-
SKB Attorneys Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$657k
Blend (final)
Blend
$655k
Owner & transaction history
1140 Washington St LLC · 21 yrs held
1140 Washington St LLC
since 2005
7 recorded transactions
Zoning & alternative use
B · Hanover, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Business
General category
COMMERCIAL
Zone area
49.99 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$850,000
+13.8%
Retail stores
$765,000
+2.7%
Auto repair, garage
$765,000
+2.4%
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 Hanover submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hanover 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
OFFICE BUILDING
$745,000
Current use
COMMERCIAL (GENERAL)
$850,000
Change: +14% · Conversion: Easy
RETAIL STORES
$765,000
Change: +3% · Conversion: Moderate
AUTO REPAIR, GARAGE
$765,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$655k
Range $590k – $721k · ±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
$177 / 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
$8,328
Tax year 2024
Assessed value
$619,200
Assessed 2024
Previous assessed
$576,200
+7.5% YoY
Effective rate
1.34%
On assessed value
Assessed land
$261,400
Assessed improvement
$357,800
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1970
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
3
Total area
3,696 SF
Lot
0.36 ac (15,682 SF)
Zoning code
B
APN
HANO M:24 L:046
UPID
US38-1390780
Jurisdiction
HANOVER
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
B · Hanover, MAZoning B · permitted uses
B · Hanover, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Business
General category
COMMERCIAL
Zone area
49.99 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$745,000
COMMERCIAL (GENERAL)
Est. value
$850,000
RETAIL STORES
Est. value
$765,000
AUTO REPAIR, GARAGE
Est. value
$765,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
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
1970
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
3
Lot
0.36 ac
Current owner
From public records · entity-resolved
1140 Washington St LLC
Entity
Mailing address
1140 WASHINGTON ST, HANOVER, MA 02339-1615
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2005
—
Eleven 40 LLC
—
Deed Of Trust
related
$300,000 · Rockland Trust Co
Apr 22, 2005
$552,000
1140 Washington St LLC
Nagel,ira A
Grant Deed
—
Aug 22, 2003
$1
David M Spillane
New 1140 Washington St RT
Grant Deed
related
—
Nov 30, 2001
—
1140 Washington St New
—
Deed Of Trust
related
$170,000 · Ames C Spillane
Jun 4, 1996
—
1140 Washington St New
—
Deed Of Trust
related
$191,250 · Fleet National Bank
Feb 1, 1995
$163,000
New 1140 Washington RT
1140 Washington St RT
Grant Deed
related
$133,000 · Zuckerman Family Nomi
—
—
Eleven 40 LLC
—
Deed Of Trust
related
$419,000 · Rockland Tr
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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