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Property profile & analytics
OFF-MARKET
Office Spaces
118 Waterhouse Rd Ste F Bourne, MA 02532-8305
Individually Owned
4-yr Hold
Free & Clear
Property ID
US38-0315539
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1987
Construction
FRAME
Total area
1,260 SF
Lot
0.94 ac (40,946 SF)
APN
BOUR M:27.0 P:150 E:6
UPID
US38-0315539
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
-
Rescom Architectural Inc. Architect
-
Bean & O’Connor, LLC Law Firm
-
Law Office of Holly Mayfield Law Firm
-
Target Dealer Services Corporate Office
-
Bourne Family Medicine Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
G B Siroonian 2021 T · 4 yrs held
G B Siroonian 2021 T
since 2021
Last sale
$70,000
4 recorded transactions
Zoning & alternative use
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 Bourne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bourne 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$820
Tax year 2024
Assessed value
$102,200
Assessed 2024
Previous assessed
$102,200
+0.0% YoY
Effective rate
0.80%
On assessed value
Assessed improvement
$102,200
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1987
Construction
FRAME
Heating
NONE
Buildings
1
Total area
1,260 SF
Lot
0.94 ac (40,946 SF)
APN
BOUR M:27.0 P:150 E:6
UPID
US38-0315539
Jurisdiction
BOURNE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1987
Construction
FRAME
Heating
NONE
Buildings
1
Lot
0.94 ac
Current owner
From public records · entity-resolved
G B Siroonian 2021 T
Individual
Free & Clear · 4 yrs held
Mailing address
PO BOX 157, MONUMENT BEACH, MA 02553-0157
Ownership since
2021
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
Aug 30, 2021
—
G B Siroonian 2021 T
Gbs RT
Quit Claim Deed
related
—
Jul 22, 2004
—
Gbs RT
—
Deed Of Trust
related
$95,000 · Compass Bank For Savings
Oct 30, 1998
$70,000
Gbs RT
J&j RT
Grant Deed
$48,750 · Sandwich Cp Bank
Oct 30, 1998
—
Gbs RT
—
Deed Of Trust
related
$5,000 · 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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