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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Retail space
1360 Rte 28a Bourne, MA 02532
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-1630461
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1981
Construction
FRAME
Total area
2,715 SF
Lot
0.62 ac (27,007 SF)
APN
BOUR M:51.0 P:41
UPID
US38-1630461
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$545k
CAP Approach
CAP
$860k
Comparable Approach
Comparable
$718k
Blend (final)
Blend
$625k
Owner & transaction history
Patrick A Ross · 4 yrs held
Patrick A Ross
since 2022
Last sale
$650,000
6 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
Method
Estimation
Statistic approach
$555,000
ML approach
$545,000
CAP Approach
CAP Return
Estimation
6%
$930,000
6.5%
$860,000
7%
$795,000
Alternative Use
Use
Estimation
RETAIL STORES
$615,000
Current use
OFFICE BUILDING
$610,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$625k
Range $563k – $688k · ±10% · vs last sale $650k (Mar 15 2022)
Last sale anchor
$650k
Mar 15 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
$230 / 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
$4,184
Tax year 2024
Assessed value
$521,700
Assessed 2024
Previous assessed
$521,700
+0.0% YoY
Effective rate
0.80%
On assessed value
Assessed land
$313,700
Assessed improvement
$208,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1981
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
2
Total area
2,715 SF
Lot
0.62 ac (27,007 SF)
APN
BOUR M:51.0 P:41
UPID
US38-1630461
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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$615,000
OFFICE BUILDING
Est. value
$610,000
RETAIL STORES Current
OFFICE BUILDING
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
1981
Construction
FRAME
Heating
FORCED AIR
Stories
2
Buildings
1
Lot
0.62 ac
Current owner
From public records · entity-resolved
Patrick A Ross
Individual
Mailing address
6 BENEDICT RD, BOURNE, MA 02532-3506
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
Mar 15, 2022
$650,000
Patrick A Ross
Peter G Fisher
Quit Claim Arm's Length For Ne States
$390,000 · Martha Vineyard Saving Bank
Jun 15, 2017
—
Peter G Fisher
—
Deed
related
$234,000 · Santander Bk NA
Nov 28, 2011
—
Peter G Fisher
—
Deed Of Trust
related
$245,000 · Sovereign Bank
Apr 19, 2007
—
Peter G Fisher
—
Deed Of Trust
related
$214,800 · Wells Fargo Mortgage
May 20, 1993
—
Peter S Fisher
—
Deed Of Trust
related
$100,000 · Sandwich Cp Bank
—
—
Peter G Fisher
—
Deed Of Trust
related
$234,000 · Santander Bk NA
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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