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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Investment properties
18 Waterhouse Rd Bourne, MA 02532-8358
Individually Owned
30-yr Hold
~
Est. High Equity
Property ID
US38-1114386
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Construction
FRAME
Total area
5,123 SF
Lot
0.26 ac (11,326 SF)
APN
BOUR M:24.3 P:55 E:1
UPID
US38-1114386
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
Current use
Occupant on record · Public records
-
Mercantile Property Management Corporation Property Management Company Property Administration Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$553k
Blend (final)
Blend
$585k
Owner & transaction history
Waterhouse 18 RT · 30 yrs held
Waterhouse 18 RT
since 1996
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$875,000
+10.4%
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 Bourne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bourne 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
COMMERCIAL (GENERAL)
$795,000
Current use
AUTO REPAIR, GARAGE
$875,000
Change: +10% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$785,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$585k
Range $527k – $644k · ±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
$114 / 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
$4,069
Tax year 2024
Assessed value
$507,300
Assessed 2024
Previous assessed
$507,300
+0.0% YoY
Effective rate
0.80%
On assessed value
Assessed land
$284,300
Assessed improvement
$223,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
2
Total area
5,123 SF
Lot
0.26 ac (11,326 SF)
APN
BOUR M:24.3 P:55 E:1
UPID
US38-1114386
Jurisdiction
BOURNE
Zoning & alternative use
Zoning · permitted uses
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
COMMERCIAL (GENERAL) Current
Est. value
$795,000
AUTO REPAIR, GARAGE
Est. value
$875,000
INDUSTRIAL (GENERAL)
Est. value
$785,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
1900
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Waterhouse 18 RT
Individual
Mailing address
PO BOX 790, BUZZARDS BAY, MA 02532-1890
Ownership since
1996
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
Dec 17, 2018
—
Waterhouse 18 RT
—
Deed
related
$180,000 · Eastern Bank
Jul 24, 2014
—
Waterhouse 18 RT
—
Deed Of Trust
related
$155,000 · Gary Needham
Jun 4, 2009
—
Waterhouse Rd RT 18
—
Deed Of Trust
related
$195,000 · Gary Needham
Jul 6, 2001
—
Waterhouse 18 RT
—
Deed Of Trust
related
$175,000 · Citizens Bank Of Ma
Dec 29, 1998
—
Waterhouse 18 RT
—
Deed Of Trust
related
$135,000 · Janet Cook Dunbar
May 29, 1996
$97,500
Waterhouse 18 RT
Cape Cod B&t Co
Grant Deed
$119,000 · Thomas M Sykes
Sep 18, 1995
$95,000
Cod B Cape
Boston Internatl Music
Grant Deed
—
Nov 10, 1992
—
Boston Intl Music INC
—
Deed Of Trust
related
$150,000 · Thomas M Sykes
Oct 25, 1990
$90,000
Internatl Music Boston
First Natl Bk Boston
Grant Deed
related
—
Mar 18, 1987
—
Paul J Correia
—
Deed Of Trust
related
$83,863 · Bankboston Development Co LLC
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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