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Property profile & analytics
OFF-MARKET
Estimated value
$1,410,000
Manufacturing properties
131 Phillips St Hanson, MA 02341
Entity Owned
18-yr Hold
Free & Clear
Property ID
US38-2495246
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1987
Construction
FRAME
Total area
12,060 SF
Lot
2.54 ac (110,642 SF)
Zoning code
100
APN
HANS M:50 B:0 P:24C
UPID
US38-2495246
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
-
Eessco Inc Building Supply Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$913k
Blend (final)
Blend
$1.41M
Owner & transaction history
Holbrook Bus Prop LLC · 18 yrs held
Holbrook Bus Prop LLC
since 2008
7 recorded transactions
Zoning & alternative use
100 · Hanson, MA
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 Hanson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hanson 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
COMMERCIAL (GENERAL)
$2,195,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$1.41M
Range $1.27M – $1.55M · ±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
$117 / 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
$13,027
Tax year 2024
Assessed value
$973,600
Assessed 2024
Previous assessed
$973,600
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$221,000
Assessed improvement
$752,600
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1987
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
12,060 SF
Lot
2.54 ac (110,642 SF)
Zoning code
100
APN
HANS M:50 B:0 P:24C
UPID
US38-2495246
Jurisdiction
HANSON
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
100 · Hanson, MAZoning 100 · permitted uses
100 · Hanson, MA
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
COMMERCIAL (GENERAL)
Est. value
$2.2M
COMMERCIAL (GENERAL)
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
1987
Construction
FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
2.54 ac
Current owner
From public records · entity-resolved
Holbrook Bus Prop LLC
Entity
Free & Clear · 18 yrs held
Mailing address
5051 HORSESHOE PIKE STE #210, HONEY BROOK, PA 19344-1365
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2008
$695,000
Holbrook Bus Prop LLC
Arc RT
Grant Deed
—
Dec 21, 2004
$620,000
Arc RT
Marston RT
Grant Deed
—
Dec 21, 2004
$695,000
Holbrook Bus Prop LLC
Arc RT
Grant Deed
$300,000 · Kenneth Marston
Aug 29, 2002
$470,000
Marston RT
Ldd Leasing T
Grant Deed
$875,000 · South Shore Cp Bank
Aug 17, 2000
—
Leasing T Ldd
—
Deed Of Trust
related
$235,000 · Zwi Kohorn
Aug 4, 1999
—
Leasing T Ldd
—
Deed Of Trust
related
$225,000 · South Shore Cp Bank
Jan 4, 1999
$575,000
Leasing T Ldd
Marston RT
Grant Deed
$350,000 · South Shore Cp Bank
Jan 4, 1999
—
Leasing T Ldd
—
Deed Of Trust
related
$75,000 · South Shore Cp 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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