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Property profile & analytics
OFF-MARKET
Medical Office Space
1531 Ocean St Marshfield, MA 02050-3534
Entity Owned
4-yr Hold
Free & Clear
Property ID
US38-0600094
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1970
Construction
FRAME
Total area
1,542 SF
Lot
0.25 ac (11,000 SF)
Zoning code
R-B
APN
MARS M:0J08 B:0002 L:0010
UPID
US38-0600094
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
-
Levin Family Dentistry Dental Office
-
Dr. Michael Levin Dental Office
-
Levin Larry I DDS Dental Office
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
Banks Realty LLC · 4 yrs held
Banks Realty LLC
since 2021
2 recorded transactions
Zoning & alternative use
R-B · Marshfield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
] See table attached to this bylaw which is declared to be a part of this bylaw. In addition, uses are subject to Articles XI , XIII and XV where appropriate. [1] Uses Residential Business Industrial Overlay R-1 R-2 R-3 RB B-1 B-2 B-3 B-4 OP I-1 A PMUD WRPD BRVO KEY: S = Special Permit Required P = Use Permitted - = Prohibited Use Principal Uses Residential…
Zone name
Residential Business
General category
COMMERCIAL
Zone area
70.99 ac
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 Marshfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marshfield 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
Tax billed
$5,805
Tax year 2024
Assessed value
$558,700
Assessed 2024
Previous assessed
$558,700
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$288,300
Assessed improvement
$270,400
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1970
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
4
Total area
1,542 SF
Lot
0.25 ac (11,000 SF)
Zoning code
R-B
APN
MARS M:0J08 B:0002 L:0010
UPID
US38-0600094
Jurisdiction
MARSHFIELD
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
R-B · Marshfield, MAZoning R-B · permitted uses
R-B · Marshfield, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
] See table attached to this bylaw which is declared to be a part of this bylaw. In addition, uses are subject to Articles XI , XIII and XV where appropriate. [1] Uses Residential Business Industrial Overlay R-1 R-2 R-3 RB B-1 B-2 B-3 B-4 OP I-1 A PMUD WRPD BRVO KEY: S = Special Permit Required P = Use Permitted - = Prohibited Use Principal Uses Residential 1. One-family detached dwelling P P P P - S P P - - - - P P 2. Open space resident
Zone name
Residential Business
General category
COMMERCIAL
Zone area
70.99 ac
Building & site characteristics
From public records
Year built
1970
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
4
Lot
0.25 ac
Current owner
From public records · entity-resolved
Banks Realty LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1531 OCEAN ST, MARSHFIELD, MA 02050-3534
Mailing matches property
Yes
Owner-occupied
Yes
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2021
—
Banks Realty LLC
Lam RT
Quit Claim Deed
related
—
Jul 11, 1994
—
Lam RT
—
Deed Of Trust
related
$65,000 · Zwi Kohorn
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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