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Property profile & analytics
OFF-MARKET
Estimated value
$1,195,000
Showrooms
1525 Hanover St, Hanover, MA 02339-2044
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US38-0641275
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1987
Construction
FRAME
Total area
7,923 SF
Lot
1.73 ac (75,359 SF)
Zoning code
C
APN
HANO M:43 L:057
UPID
US38-0641275
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
-
McCarthy Ferguson CPA Accounting Firm
-
Upper Cut Hair Salon Hair Salon Nail Salon
-
Shoestrings Studio Training Center
-
Lightfox Studios Photography Service (Bike/Boat/Book/etc) Store
-
Revive Beauty Lounge Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.18M
Comparable Approach
Comparable
$1.52M
Blend (final)
Blend
$1.20M
Owner & transaction history
Hanover Street Realty LLC · 17 yrs held
Hanover Street Realty LLC
since 2009
3 recorded transactions
Zoning & alternative use
C · Hanover, 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 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%
$1,275,000
6.5%
$1,175,000
7%
$1,095,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,820,000
Current use
INDUSTRIAL (GENERAL)
$1,800,000
Change: -1% · Conversion: Moderate
RETAIL STORES
$1,645,000
Change: -10% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,640,000
Change: -10% · Conversion: Difficult
OFFICE BUILDING
$1,600,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$1.20M
Range $1.08M – $1.31M · ±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
$151 / 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
$16,288
Tax year 2024
Assessed value
$1,211,000
Assessed 2024
Previous assessed
$1,149,200
+5.4% YoY
Effective rate
1.35%
On assessed value
Assessed land
$380,000
Assessed improvement
$831,000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1987
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
5
Total area
7,923 SF
Lot
1.73 ac (75,359 SF)
Zoning code
C
APN
HANO M:43 L:057
UPID
US38-0641275
Jurisdiction
HANOVER
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
C · Hanover, MA
Zoning C · permitted uses
C · Hanover, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hanover. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.8M
INDUSTRIAL (GENERAL)
Est. value
$1.8M
RETAIL STORES
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.6M
COMMERCIAL (GENERAL) Current
INDUSTRIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
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
1987
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
5
Lot
1.73 ac
Current owner
From public records · entity-resolved
Hanover Street Realty LLC
Entity
Mailing address
1525 HANOVER ST, HANOVER, MA 02339-2044
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2009
$970,000
Hanover Street Realty LLC
Track Side RT
Grant Deed
$776,000 · Rockland Trust Co
Mar 24, 2004
$275,000
Timothy J Lopes
Track Side RT
Grant Deed
$275,000 · Scituate Fsla
Jul 30, 1993
—
Track Side RT
—
Deed Of Trust
related
$555,000 · Fleet National 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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