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Property profile & analytics
OFF-MARKET
Estimated value
$1,020,000
Showrooms
1597 Falmouth Rd Centerville, MA 02632-2955
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US38-1447171
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2000
Construction
FRAME
Total area
5,064 SF
Lot
0.4 ac (17,424 SF)
Zoning code
H
APN
CENT M:209 L:084
UPID
US38-1447171
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
-
Charles Schwab Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.09M
Comparable Approach
Comparable
$921k
Blend (final)
Blend
$1.02M
Owner & transaction history
Mfre Realty LLC · 12 yrs held
Mfre Realty LLC
since 2013
7 recorded transactions
Zoning & alternative use
H · Centerville, 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 Centerville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Centerville 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%
$1,175,000
6.5%
$1,085,000
7%
$1,010,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,475,000
Current use
RESTAURANT
$1,255,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$1.02M
Range $918k – $1.12M · ±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
$201 / 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
$8,551
Tax year 2024
Assessed value
$1,207,800
Assessed 2024
Previous assessed
$1,207,800
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$208,000
Assessed improvement
$999,800
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2000
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
4
Rooms
1
Total area
5,064 SF
Lot
0.4 ac (17,424 SF)
Zoning code
H
APN
CENT M:209 L:084
UPID
US38-1447171
Jurisdiction
BARNSTABLE
Zoning & alternative use
H · Centerville, MA
Zoning H · permitted uses
H · Centerville, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Centerville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.5M
RESTAURANT
Est. value
$1.3M
COMMERCIAL (GENERAL) Current
RESTAURANT
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
2000
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
4
Rooms
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
Mfre Realty LLC
Entity
Mailing address
PO BOX 336, CENTERVILLE, MA 02632-0336
Ownership since
2013
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 31, 2013
$850,000
Mfre Realty LLC
Morin,jacques N & Martha M
Quit Claim Deed
$637,500 · Bank Of Cape Cod
Feb 15, 2011
—
Jacques N Morin
—
Deed Of Trust
related
$100,000 · Worth Funding INC
Nov 14, 2006
—
Jacques N Morin
—
Deed Of Trust
related
$250,000 · Cape Cod Coop Bank
Dec 19, 2001
—
Jacques N Morin
—
Deed Of Trust
related
$630,000 · Thomas M Sykes
Jan 14, 2000
—
Jacques N Morin
—
Deed Of Trust
related
$450,000 · Cape Cod Coop Bank
Apr 17, 1998
$155,000
Jacques N Morin
John T Callahan & Sons
Grant Deed
$125,000 · Thomas M Sykes
Dec 2, 1994
—
John T Callahan
—
Deed Of Trust
related
$75,000 · Funding Services INC
Oct 7, 1992
$194,302
William L Solotar
Morin,jacques N
Grant Deed
—
Apr 7, 1992
$21,000
John S Callahan
Lebel,douglas W
Grant Deed
—
Oct 23, 1987
—
John Callahan+sons INC
—
Deed Of Trust
related
$125,000 · Bank Of New England
Aug 3, 1987
$120,000
John T Callahan
Sls Realty Tr
Grant Deed
—
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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