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Property profile & analytics
OFF-MARKET
Estimated value
$990,000
Hotels
18 3rd Ave, Burlington, MA 01803-4414
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US38-1505043
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2016
Construction
STEEL FRAME
Total area
107,276 SF
Lot
2.75 ac (119,790 SF)
Zoning code
NPD
APN
BURL M:000045 P:000016
UPID
US38-1505043
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$990k
Owner & transaction history
Burlington Lw Hotel Assoc · 9 yrs held
Burlington Lw Hotel Assoc
since 2016
6 recorded transactions
Zoning & alternative use
NPD · Burlington, 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 Burlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burlington 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,340,000
Current use
Blend value · Realmo final
$990k
Range $891k – $1.09M · ±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
$9 / 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
$514,156
Tax year 2024
Assessed value
$19,920,800
Assessed 2024
Previous assessed
$19,920,800
+0.0% YoY
Effective rate
2.58%
On assessed value
Assessed land
$1,725,000
Assessed improvement
$18,195,800
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2016
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
4
Units
147
Rooms
147
Bathrooms
151
Total area
107,276 SF
Lot
2.75 ac (119,790 SF)
Zoning code
NPD
APN
BURL M:000045 P:000016
UPID
US38-1505043
Jurisdiction
BURLINGTON
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
NPD · Burlington, MA
Zoning NPD · permitted uses
NPD · Burlington, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Burlington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$1.3M
HOTEL/MOTEL 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
2016
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
4
Buildings
1
Units
147
Rooms
147
Bathrooms
151
Lot
2.75 ac
Current owner
From public records · entity-resolved
Burlington Lw Hotel Assoc
Individual
Mailing address
8100 E 22ND ST N BLDG #500, WICHITA, KS 67226-2305
Ownership since
2016
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
Mar 14, 2023
—
Burlington Lw Hotel Assoc
—
Deed
related
$27,000,000 · Eastern Bank
Jun 27, 2018
—
Burlington Lw Hotel As
—
Deed
related
$27,000,000 · Equity Bank
Jul 27, 2016
$4,000,000
Burlington Lw Hotel Assoc
Nwp Retail 12 LLC
Quit Claim Deed
—
Dec 12, 2012
$1
Nwp Retail 12 LLC
Peter C Nordblom T
Grant Deed
related
—
Dec 12, 2012
—
Nwp Retail 12 LLC
—
Grant Deed
related
$1,400,000 · Cambridge Trust Co
Dec 14, 2007
—
Nw Building 12 Assoc
—
Deed Of Trust
related
$1,500,000 · Sovereign Bank
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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