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Property profile & analytics
OFF-MARKET
Investment properties
15 Coulson Rd, Berlin, MA 01503-1618
Individually Owned
10-yr Hold
Property ID
US38-0194511
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1975
Total area
1,056 SF
Lot
1.23 ac (53,579 SF)
APN
BERL M:0060 B:0056 L:0000-0
UPID
US38-0194511
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Stephen K Morrison · 10 yrs held
Stephen K Morrison
since 2015
7 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 Berlin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Berlin 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Assessed value
$525,400
Assessed 2024
Previous assessed
$468,700
+12.1% YoY
Assessed land
$253,500
Assessed improvement
$271,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1975
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Rooms
5
Bathrooms
1
Total area
1,056 SF
Lot
1.23 ac (53,579 SF)
APN
BERL M:0060 B:0056 L:0000-0
UPID
US38-0194511
Jurisdiction
BERLIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1975
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Rooms
5
Bathrooms
1
Lot
1.23 ac
Current owner
From public records · entity-resolved
Stephen K Morrison
Individual
Mailing address
251 LINDEN ST, BERLIN, MA 01503-1815
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2015
—
Stephen K Morrison
Morrison,donna M
Quit Claim Deed
related
—
Feb 15, 2008
—
Donna M Morrison
—
Deed Of Trust
related
$250,000 · Rbs Citizens Bank NA
Jun 28, 2002
$250,000
Digital FCU
Morrison,donna M
Grant Deed
related
—
Mar 26, 1999
—
Donna M Morrison
—
Deed Of Trust
related
$50,000 · Digital FCU
Jun 28, 1994
—
Donna M Morrison
—
Deed Of Trust
related
$52,000 · Fleet National Bank
Jun 25, 1987
—
Donna M Morrison
—
Deed Of Trust
related
$30,000 · Worc County Inst Savings
—
—
Donna M Morrison
—
Deed Of Trust
related
$250,000 · Citizens Bk/ri
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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