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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Office buildings
167 Lovells Ln Marstons Mills, MA 02648-1831
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US38-0354306
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Construction
FRAME
Total area
1,386 SF
Lot
0.23 ac (10,019 SF)
Zoning code
VB
APN
MMIL M:078 L:071001
UPID
US38-0354306
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
by Request
CAP Approach
CAP
$480k
Comparable Approach
Comparable
$479k
Blend (final)
Blend
$505k
Owner & transaction history
Andrew Witter · 6 yrs held
Andrew Witter
since 2019
6 recorded transactions
Zoning & alternative use
VB · Marstons Mills, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$405,000
+29.3%
Retail stores
$315,000
+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 Marstons Mills submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marstons Mills 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%
$520,000
6.5%
$480,000
7%
$445,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$310,000
Current use
COMMERCIAL (GENERAL)
$405,000
Change: +29% · Conversion: Easy
RETAIL STORES
$315,000
Change: +0% · Conversion: Moderate
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$364 / 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
$2,969
Tax year 2024
Assessed value
$419,400
Assessed 2024
Previous assessed
$419,400
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$167,300
Assessed improvement
$252,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1984
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
2
Units
1
Rooms
4
Bathrooms
3
Total area
1,386 SF
Lot
0.23 ac (10,019 SF)
Zoning code
VB
APN
MMIL M:078 L:071001
UPID
US38-0354306
Jurisdiction
BARNSTABLE
Zoning & alternative use
VB · Marstons Mills, MAZoning VB · permitted uses
VB · Marstons Mills, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$310,000
COMMERCIAL (GENERAL)
Est. value
$405,000
RETAIL STORES
Est. value
$315,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
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
1984
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
1
Units
1
Rooms
4
Bathrooms
3
Lot
0.23 ac
Current owner
From public records · entity-resolved
Andrew Witter
Individual
Mailing address
167 LOVELLS LN, MARSTONS MILLS, MA 02648-1831
Ownership since
2019
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
Sep 30, 2019
$429,000
Andrew Witter
Panicorp LLC
Quit Claim Arm's Length For Ne States
$343,200 · Cape Cod Five Cents Savings Bank
Apr 26, 2019
—
Panicorp LLC
Helfacorp LLC
Quit Claim Deed
related
$235,000 · Webster Bank
May 7, 2014
—
Helfacorp LLC
Worcorp LLC
Quit Claim Deed
related
—
Jan 18, 2006
$515,000
Worcorp LLC
Wechter East LP
Grant Deed
$257,500 · Bristol County Savings Bank
Jan 18, 2006
—
Worcorp LLC
—
Deed Of Trust
related
$206,000 · Bristol County Savings Bank
Feb 7, 2001
$250,000
Wechter E LP
Ferrone,jean V
Grant Deed
$210,100 · 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.
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