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Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Office buildings
1399 Washington St Hanover, MA 02339-1653
Individually Owned
27-yr Hold
Free & Clear
Property ID
US38-1677878
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1972
Construction
FRAME
Total area
8,743 SF
Lot
0.7 ac (30,492 SF)
Zoning code
PSC
APN
HANO M:18 L:009
UPID
US38-1677878
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
-
Alpert Mark D CPA Accounting Firm Tax Preparation
-
Kim's Nails And Spa Nail Salon
-
Sorgi & Minichiello, LLP Law Firm
-
Lavish Nails & Spa Nail Salon
-
Elite Energy Boston Solar Energy Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$724k
Blend (final)
Blend
$740k
Owner & transaction history
Bikaner RT · 27 yrs held
Bikaner RT
since 1999
2 recorded transactions
Zoning & alternative use
PSC · Hanover, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Planned Shopping Center
General category
COMMERCIAL
Zone area
210.05 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 Hanover submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hanover 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
Blend value · Realmo final
$740k
Range $666k – $814k · ±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
$85 / 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
$14,431
Tax year 2024
Assessed value
$1,072,900
Assessed 2024
Previous assessed
$975,200
+10.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$415,900
Assessed improvement
$657,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1972
Construction
FRAME
Heating
BASEBOARD
Cooling
YES
Buildings
1
Stories
3
Units
4
Total area
8,743 SF
Lot
0.7 ac (30,492 SF)
Zoning code
PSC
APN
HANO M:18 L:009
UPID
US38-1677878
Jurisdiction
HANOVER
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
PSC · Hanover, MAZoning PSC · permitted uses
PSC · Hanover, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Planned Shopping Center
General category
COMMERCIAL
Zone area
210.05 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1972
Construction
FRAME
Heating
BASEBOARD
Cooling
Yes
Stories
3
Buildings
1
Units
4
Lot
0.7 ac
Current owner
From public records · entity-resolved
Bikaner RT
Individual
Free & Clear · 27 yrs held
Mailing address
1399 WASHINGTON ST, HANOVER, MA 02339-1653
Ownership since
1999
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
Feb 1, 1999
$572,500
Bikaner RT
Hall Mar T
Grant Deed
—
Feb 1, 1999
—
Bikaner RT
—
Deed Of Trust
related
$400,000 · Rockland Trust Co
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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