New search
Property profile & analytics
OFF-MARKET
Estimated value
$905,000
Retail space
1600 Grand Army Hwy, Somerset, MA 02726-1210
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0753893
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1948
Total area
14,244 SF
Lot
1.01 ac (43,996 SF)
Zoning code
C
APN
SOME M:0B8 L:0003
UPID
US38-0753893
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
$620k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$905k
Owner & transaction history
Robert W Lecomte T · 4 yrs held
Robert W Lecomte T
since 2022
7 recorded transactions
Zoning & alternative use
C · Somerset, 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 Somerset submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Somerset 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
$620,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,400,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$905k
Range $815k – $996k · ±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
$64 / 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
$23,595
Tax year 2024
Assessed value
$926,400
Assessed 2024
Previous assessed
$866,500
+6.9% YoY
Effective rate
2.55%
On assessed value
Assessed land
$266,100
Assessed improvement
$660,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1948
Heating
SPACE
Buildings
3
Stories
2
Total area
14,244 SF
Lot
1.01 ac (43,996 SF)
Zoning code
C
APN
SOME M:0B8 L:0003
UPID
US38-0753893
Jurisdiction
SOMERSET
Zoning & alternative use
C · Somerset, MA
Zoning C · permitted uses
C · Somerset, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Somerset. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$1.4M
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
1948
Heating
SPACE
Stories
2
Buildings
3
Lot
1.01 ac
Current owner
From public records · entity-resolved
Robert W Lecomte T
Individual
Mailing address
1600 GRAND ARMY HWY, SOMERSET, MA 02726-1210
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 7, 2022
—
Robert W Lecomte T
Marian Lecomte
Quit Claim Deed
related
—
Jul 12, 2018
—
Robert W Lecomte JR.
—
Deed
related
$737,000 · Baycoast Bank
Aug 27, 2008
—
Marian Lecomte
—
Deed Of Trust
related
$835,000 · Rbs Citizens Bank NA
Aug 9, 2006
$1
Marian Lecomte
Lecomte,robert W JR
Grant Deed
related
—
May 10, 2005
—
Robert W Lecomte JR.
—
Deed Of Trust
related
$630,000 · Randolph Savings Bank
Jun 14, 2001
—
Robert W Lecomte SR.
—
Deed Of Trust
related
$653,000 · First Federal Savings Bank
Jul 23, 1998
—
Robert W Lecomte JR.
—
Deed Of Trust
related
$585,000 · Bankboston Development Co LLC
Dec 27, 1990
—
Robert W -lecomte SR.
—
Deed Of Trust
related
$590,000 · Slades Ferry Trust Co
Nov 10, 1989
—
Robert W Lecomte SR.
—
Deed Of Trust
related
$60,000 · Slades Ferry Trust Co
Mar 17, 1988
—
Robert W Lecomte SR
—
Deed Of Trust
related
$600,000 · Slades Ferry Trust Co
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1600 Grand Army Hwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
