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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Office buildings
18 Park St Lee, MA 01238-1702
Entity Owned
20-yr Hold
Free & Clear
Property ID
US38-0677409
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1825
Construction
FRAME
Total area
3,000 SF
Lot
0.19 ac (8,276 SF)
Zoning code
BM
APN
LEEE M:019 B:0A L:0000-0058.0
UPID
US38-0677409
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
$640k
Comparable Approach
Comparable
$600k
Blend (final)
Blend
$575k
Owner & transaction history
Jedko Prop LLC · 20 yrs held
Jedko Prop LLC
since 2005
7 recorded transactions
Zoning & alternative use
BM · Lee, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Land Use | Lee, MA
Top alternative use upside
Commercial (general)
$440,000
+4.8%
Retail stores
$430,000
+2.9%
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 Lee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lee 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%
$695,000
6.5%
$640,000
7%
$595,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$420,000
Current use
COMMERCIAL (GENERAL)
$440,000
Change: +5% · Conversion: Easy
RETAIL STORES
$430,000
Change: +3% · Conversion: Moderate
AUTO REPAIR, GARAGE
$390,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$575k
Range $518k – $633k · ±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
$192 / 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
$4,906
Tax year 2024
Assessed value
$436,500
Assessed 2024
Previous assessed
$405,900
+7.5% YoY
Effective rate
1.12%
On assessed value
Assessed land
$140,000
Assessed improvement
$296,500
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1825
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
2
Total area
3,000 SF
Lot
0.19 ac (8,276 SF)
Zoning code
BM
APN
LEEE M:019 B:0A L:0000-0058.0
UPID
US38-0677409
Jurisdiction
LEE
Zoning & alternative use
BM · Lee, MAZoning BM · permitted uses
BM · Lee, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Land Use | Lee, MA
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$420,000
COMMERCIAL (GENERAL)
Est. value
$440,000
RETAIL STORES
Est. value
$430,000
AUTO REPAIR, GARAGE
Est. value
$390,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
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
1825
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Jedko Prop LLC
Entity
Free & Clear · 20 yrs held
Mailing address
40 MAIN ST STE #6, LEE, MA 01238-1740
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2011
—
Jedko Props LLC
—
Deed Of Trust
related
$1,700,000 · Bay Colony Dev Corp
Apr 13, 2010
—
Jedko Prop LLC
—
Deed Of Trust
related
$900,000 · Legacy Banks
Nov 14, 2006
—
Jedko Prop LLC
—
Deed Of Trust
related
$462,800 · Legacy Banks
Sep 14, 2005
$1
Jedko Prop LLC
Mcmanmon,michael P
Grant Deed
related
—
Dec 31, 1997
—
Michael P Mcmanmon
—
Deed Of Trust
related
$200,000 · Lee Bank
Jul 16, 1990
—
Michael P Mcmanmon
—
Deed Of Trust
related
$30,000 · Zwi Kohorn
Apr 19, 1988
—
Michael P Mcmanmon
—
Deed Of Trust
related
$175,000 · Bank Of New Eng, West
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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