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Property profile & analytics
OFF-MARKET
Estimated value
$1,430,000
Office buildings
16 Waterhouse Rd, Bourne, MA 02532-3897
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US38-1131111
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1973
Construction
FRAME
Total area
5,460 SF
Lot
0.41 ac (17,729 SF)
Zoning code
B-1
APN
BOUR M:24.3 P:55
UPID
US38-1131111
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
-
Jude's Herbal Pet Salon Pet Grooming Service
-
All Pets Medical Center, LLC Veterinary Clinic
-
Parkway Center Ltd Medical Clinic
-
Harriet Johnson & Associates Consultant
-
Tanya White Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.89M
Comparable Approach
Comparable
$1.38M
Blend (final)
Blend
$1.43M
Owner & transaction history
H & H Re Assoc LLC · 20 yrs held
H & H Re Assoc LLC
since 2005
6 recorded transactions
Zoning & alternative use
B-1 · Bourne, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.4M
+10.0%
Retail stores
$1.2M
+0.5%
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 Bourne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bourne 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%
$2,040,000
6.5%
$1,885,000
7%
$1,750,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,230,000
Current use
RESTAURANT
$1,355,000
Change: +10% · Conversion: Moderate
RETAIL STORES
$1,235,000
Change: +0% · Conversion: Moderate
Blend value · Realmo final
$1.43M
Range $1.29M – $1.57M · ±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
$262 / 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
$5,253
Tax year 2024
Assessed value
$655,000
Assessed 2024
Previous assessed
$655,000
+0.0% YoY
Effective rate
0.80%
On assessed value
Assessed land
$351,200
Assessed improvement
$303,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1973
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
1
Total area
5,460 SF
Lot
0.41 ac (17,729 SF)
Zoning code
B-1
APN
BOUR M:24.3 P:55
UPID
US38-1131111
Jurisdiction
BOURNE
Zoning & alternative use
B-1 · Bourne, MA
Zoning B-1 · permitted uses
B-1 · Bourne, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bourne. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.2M
RESTAURANT
Est. value
$1.4M
RETAIL STORES
Est. value
$1.2M
OFFICE BUILDING Current
RESTAURANT
RETAIL STORES
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
1973
Construction
FRAME
Heating
HOT WATER
Stories
1
Buildings
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
H & H Re Assoc LLC
Entity
Mailing address
16 WATERHOUSE RD, BOURNE, MA 02532-3897
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2019
—
H&h Real Estate Assoc LLC
—
Deed
related
$364,000 · Cape Cod Five Cents Savings Bank
Nov 6, 2013
—
H&h Real Est Assoc LLC
—
Deed Of Trust
related
$430,000 · Gary Needham
Nov 29, 2005
$549,900
H & H Re Assoc LLC
16 Waterhouse Road Nt
Deed
$525,000 · Cit Sm Bus Lending
Jul 29, 2004
—
Waterhouse Rd Nt 16
—
Deed Of Trust
related
$131,000 · Bourne Technology RT
Dec 21, 2001
—
Waterhouse Rd Nt 16
—
Deed Of Trust
related
$340,000 · Plymouth Savings Bank
Sep 21, 1998
$350,000
16 Waterhouse Road Nt
Bpb T
Grant Deed
$60,000 · Zenon Grzybowski
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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