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Property profile & analytics
OFF-MARKET
Estimated value
$1,050,000
Investment properties
15 Homestead St Waban, MA 02468-2008
Individually Owned
4-yr Hold
Property ID
US38-0507336
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1931
Construction
CONCRETE
Total area
2,981 SF
Lot
0.21 ac (9,112 SF)
Zoning code
SR2
APN
NEWT S:53 B:024 L:0006
UPID
US38-0507336
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
-
Dr. Holly Happe, D.O. of Dr. Happe Medical Aesthetics, LLC (www.drhappe.com) Spa & Massage Center Alternative Medicine Practice
-
Dr. Happe Medical Aesthetics, LLC Spa & Massage Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.08M
CAP Approach
CAP
$755k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.05M
Owner & transaction history
15 Homestead Nt · 4 yrs held
15 Homestead Nt
since 2021
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
SR2 · Waban, 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 Waban submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waban 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
$1,055,000
ML approach
$1,080,000
CAP Approach
CAP Return
Estimation
6%
$820,000
6.5%
$755,000
7%
$705,000
Blend value · Realmo final
$1.05M
Range $945k – $1.16M · ±10% · vs last sale $1.03M (Oct 25 2021)
Last sale anchor
$1.03M
Oct 25 2021
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
$352 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$16,862
Tax year 2023
Assessed value
$1,790,900
Assessed 2024
Previous assessed
$1,656,400
+8.1% YoY
Effective rate
0.94%
On assessed value
Assessed land
$1,080,000
Assessed improvement
$710,900
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
1931
Construction
CONCRETE
Heating
STEAM
Cooling
YES
Buildings
1
Stories
2
Units
1
Rooms
11
Bathrooms
4
Total area
2,981 SF
Lot
0.21 ac (9,112 SF)
Zoning code
SR2
APN
NEWT S:53 B:024 L:0006
UPID
US38-0507336
Jurisdiction
NEWTON
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
SR2 · Waban, MA
Zoning SR2 · permitted uses
SR2 · Waban, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Waban. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1931
Construction
CONCRETE
Heating
STEAM
Cooling
Yes
Stories
2
Buildings
1
Units
1
Rooms
11
Bathrooms
4
Lot
0.21 ac
Current owner
From public records · entity-resolved
15 Homestead Nt
Individual
Mailing address
15 HOMESTEAD ST, WABAN, MA 02468-2008
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2021
—
15 Homestead Nt
David A Bono
Quit Claim Deed
related
—
Feb 1, 2013
—
David A Bono
—
Deed Of Trust
related
$812,000 · Provident Funding Group INC
Jul 27, 2012
—
David A Bono
—
Deed Of Trust
related
$818,900 · Provident Funding Group INC
Aug 15, 2011
$1,033,000
David A Bono
Fogel,margaret S
Grant Deed
$826,400 · Wells Fargo Mortgage
Jul 31, 2006
—
Margaret S Fogel
—
Deed Of Trust
related
$200,000 · Bank Of America
Aug 10, 2004
—
Margaret S Fogel
—
Deed Of Trust
related
$150,000 · Fleet National Bank
Jun 24, 2004
$1
Margaret S Fogel
Fogel,barry S
Grant Deed
related
—
Aug 26, 1998
$761,000
Barry S Fogeli
Sparrow,marvin
Grant Deed
$500,000 · Fleet Mortgage Corp
Nov 23, 1993
—
Marvin Sparrow
—
Deed Of Trust
related
$143,000 · Bancboston Mtg Corp
Sep 24, 1991
—
Marvin Sparrow
—
Deed Of Trust
related
$145,000 · Bancboston Mtg Corp
Jun 10, 1988
—
Marvin Sparrow
—
Deed Of Trust
related
$100,000 · Prov Inst Svgs Ames
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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