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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Commercial real estate
13 Mechanic St, Bellingham, MA 02019-1679
Individually Owned
4-yr Hold
Free & Clear
Property ID
US38-0516074
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1965
Construction
FRAME
Total area
3,403 SF
Lot
0.41 ac (17,799 SF)
Zoning code
BUS1
APN
BELL M:0050 B:0023 L:0000
UPID
US38-0516074
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
-
Postum Zain OD Physician
-
Krishnachand Postum Physician
-
Lash Boss Studios Spa & Massage Center
-
Blue Magic Tattoo, Piercing & Permanent Cosmetic Studio Tattoo & Piercing Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$540k
CAP Approach
CAP
$505k
Comparable Approach
Comparable
$421k
Blend (final)
Blend
$505k
Owner & transaction history
Khoury 3 RT · 4 yrs held
Khoury 3 RT
since 2022
Last sale
$475,000
6 recorded transactions
Zoning & alternative use
BUS1 · Bellingham, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$590,000
+10.6%
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 Bellingham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bellingham 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
$520,000
ML approach
$540,000
CAP Approach
CAP Return
Estimation
6%
$550,000
6.5%
$505,000
7%
$470,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$530,000
Current use
WAREHOUSE, STORAGE
$590,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$505k
Range $455k – $556k · ±10% · vs last sale $475k (Jan 18 2022)
Last sale anchor
$475k
Jan 18 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
$148 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$10,432
Tax year 2020
Assessed value
$647,100
Assessed 2024
Previous assessed
$647,100
+0.0% YoY
Effective rate
1.61%
On assessed value
Assessed land
$239,300
Assessed improvement
$407,800
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1965
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Units
2
Bathrooms
1
Total area
3,403 SF
Lot
0.41 ac (17,799 SF)
Zoning code
BUS1
APN
BELL M:0050 B:0023 L:0000
UPID
US38-0516074
Jurisdiction
BELLINGHAM
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
BUS1 · Bellingham, MA
Zoning BUS1 · permitted uses
BUS1 · Bellingham, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bellingham. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$530,000
WAREHOUSE, STORAGE
Est. value
$590,000
COMMERCIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
1965
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
2
Bathrooms
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
Khoury 3 RT
Individual
Free & Clear · 4 yrs held
Mailing address
13 OAK TER W, BELLINGHAM, MA 02019-2212
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 18, 2022
—
Khoury 3 RT
Antoine H Khoury
Quit Claim Deed
related
—
Dec 14, 2021
—
Antoine H Khoury
Jajosh RT
Quit Claim Deed
related
—
Jan 11, 2008
$475,000
Jajosh RT
K&j RT
Grant Deed
$470,000 · Ben Franklin Savings Bank
Jul 9, 2003
—
K RT
—
Deed Of Trust
related
$990,000 · Walpole Coop Bank
Mar 7, 2000
—
K RT
—
Deed Of Trust
related
$200,000 · Walpole Coop Bank
Nov 2, 1998
$190,000
K RT
Benziger,margaret H
Grant Deed
$170,000 · Summit National Bank
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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