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Property profile & analytics
OFF-MARKET
Estimated value
$290,000
Office buildings
13 Academy St Lee, MA 01238-1601
Entity Owned
4-yr Hold
Free & Clear
Property ID
US38-1574715
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1900
Total area
4,168 SF
Lot
0.32 ac (13,939 SF)
Zoning code
DCBC
APN
LEEE M:012 B:0A L:0000-0180.0
UPID
US38-1574715
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
-
Lee Town Youth Association City Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$275k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$290k
Owner & transaction history
Asa Clerk INC · 4 yrs held
Asa Clerk INC
since 2021
Last sale
$190,000
2 recorded transactions
Zoning & alternative use
DCBC · Lee, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this district to preserve the architectural and commercial character of the historic downtown from Park Street through Center Street.
Zone name
Downtown Commercial Business Corridor
General category
COMMERCIAL
Zone area
89.79 ac
Source
Realmo
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 Lee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lee 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
$295,000
ML approach
$275,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$290k
Range $261k – $319k · ±10% · vs last sale $190k (Oct 14 2021)
Last sale anchor
$190k
Oct 14 2021
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
$70 / 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
$3,528
Tax year 2024
Assessed value
$313,900
Assessed 2024
Previous assessed
$302,100
+3.9% YoY
Effective rate
1.12%
On assessed value
Assessed land
$99,200
Assessed improvement
$214,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1900
Heating
NONE
Buildings
1
Total area
4,168 SF
Lot
0.32 ac (13,939 SF)
Zoning code
DCBC
APN
LEEE M:012 B:0A L:0000-0180.0
UPID
US38-1574715
Jurisdiction
LEE
Zoning & alternative use
DCBC · Lee, MAZoning DCBC · permitted uses
DCBC · Lee, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of this district to preserve the architectural and commercial character of the historic downtown from Park Street through Center Street.
Zone name
Downtown Commercial Business Corridor
General category
COMMERCIAL
Zone area
89.79 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1900
Heating
NONE
Buildings
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Asa Clerk INC
Entity
Free & Clear · 4 yrs held
Mailing address
8033 W SUNSET BLVD #1024, LOS ANGELES, CA 90046-2401
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 14, 2021
$190,000
Asa Clerk INC
Anne Hanna 2015 Ret
Quit Claim Arm's Length For Ne States
—
Oct 14, 2021
—
Anne Hanna 2015 Ret
Stockbridge Grange 295
Correction Deed
related
—
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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