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Property profile & analytics
OFF-MARKET
Estimated value
$1,625,000
Super regional malls
1600 Falmouth Rd Centerville, MA 02632-2939
Entity Owned
34-yr Hold
~
Est. High Equity
Property ID
US38-1608971
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1988
Construction
FRAME
Total area
73,621 SF
Lot
9.91 ac (431,680 SF)
Zoning code
RC;HB
APN
CENT M:209 L:014
UPID
US38-1608971
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.15M
Blend (final)
Blend
$1.63M
Owner & transaction history
Bell Tower Corp · 34 yrs held
Bell Tower Corp
since 1992
7 recorded transactions
Zoning & alternative use
RC;HB · 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
$1,100,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,825,000
Current use
Blend value · Realmo final
$1.63M
Range $1.46M – $1.79M · ±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
$22 / 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
$89,069
Tax year 2024
Assessed value
$12,580,400
Assessed 2024
Previous assessed
$11,234,100
+12.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$4,527,300
Assessed improvement
$8,053,100
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1988
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
33
Total area
73,621 SF
Lot
9.91 ac (431,680 SF)
Zoning code
RC;HB
APN
CENT M:209 L:014
UPID
US38-1608971
Jurisdiction
BARNSTABLE
Zoning & alternative use
RC;HB · Centerville, MA
Zoning RC;HB · permitted uses
RC;HB · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1988
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
33
Lot
9.91 ac
Current owner
From public records · entity-resolved
Bell Tower Corp
Entity
Mailing address
PO BOX 1461, SOUTH DENNIS, MA 02660-1461
Ownership since
1992
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 23, 2025
—
Bell Tower Corp
—
Deed
related
$400,000 · Cape Cod Cooperative Bank
Jan 26, 2023
—
Bell Tower Corp
—
Deed
related
$250,000 · Cape Cod Cooperative Bank
Jul 1, 2022
—
Bell Tower Corp
—
Deed
related
$300,000 · Cape Cod Cooperative Bank
Jul 1, 2021
—
Bell Tower Corp
—
Deed
related
$7,700,000 · Cape Cod Cooperative Bank
Feb 15, 2007
—
Bell Tower Corp
—
Deed Of Trust
related
$4,900,000 · Banknorth NA
Nov 21, 2003
—
Bell Tower Corp
—
Deed Of Trust
related
$5,052,076 · Gary Needham
Dec 3, 2002
—
Bell Tower Corp
—
Deed Of Trust
related
$2,000,000 · Gary Needham
Aug 21, 2002
—
Belltower Corp
—
Deed Of Trust
related
$250,000 · Gary Needham
Aug 31, 1999
—
Bell Tower Corp
—
Deed Of Trust
related
$3,400,000 · Gary Needham
May 27, 1997
—
Bell Tower Corp
—
Deed Of Trust
related
$2,923,669 · Zions First National Bank
May 1, 1992
$2,500,000
Bell Tower Corp
Shields,thomas M
Grant Deed
$2,160,000 · Fleet National Bank
—
—
Bell Tower Corp
—
Deed Of Trust
related
$4,855,946 · Td Bk NA
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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