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Property profile & analytics
OFF-MARKET
Estimated value
$2,330,000
Office buildings
183 Columbia Rd Hanover, MA 02339-2321
Individually Owned
13-yr Hold
Free & Clear
Property ID
US38-0436614
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2021
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,011 SF
Lot
1.04 ac (45,302 SF)
Zoning code
BD
APN
HANO M:57 L:098
UPID
US38-0436614
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
-
QMH Inc Metal Fabrication Plant Factory
-
Dynamic Protection group, Inc. Security Service
-
The Guimares Group Real Estate Agency
-
Angela Service Realtor Real Estate Agency
-
Cathy Hoy Realtor® Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.47M
Blend (final)
Blend
$2.33M
Owner & transaction history
Hanover Dev T Mcb · 13 yrs held
Hanover Dev T Mcb
since 2013
6 recorded transactions
Zoning & alternative use
BD · Hanover, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.7M
+30.5%
Commercial (general)
$3.2M
+13.8%
Industrial (general)
$3.2M
+12.4%
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 Hanover submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hanover 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
OFFICE BUILDING
$2,830,000
Current use
RESTAURANT
$3,695,000
Change: +31% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,220,000
Change: +14% · Conversion: Easy
INDUSTRIAL (GENERAL)
$3,180,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$2,905,000
Change: +3% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,895,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$2.33M
Range $2.10M – $2.56M · ±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
$166 / 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
$31,316
Tax year 2024
Assessed value
$2,328,300
Assessed 2024
Previous assessed
$2,123,500
+9.6% YoY
Effective rate
1.35%
On assessed value
Assessed land
$463,200
Assessed improvement
$1,865,100
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
2021
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
2
Total area
14,011 SF
Lot
1.04 ac (45,302 SF)
Zoning code
BD
APN
HANO M:57 L:098
UPID
US38-0436614
Jurisdiction
HANOVER
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
BD · Hanover, MAZoning BD · permitted uses
BD · Hanover, 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
$2.8M
RESTAURANT
Est. value
$3.7M
COMMERCIAL (GENERAL)
Est. value
$3.2M
INDUSTRIAL (GENERAL)
Est. value
$3.2M
RETAIL STORES
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$2.9M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
INDUSTRIAL (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
2021
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
2
Lot
1.04 ac
Current owner
From public records · entity-resolved
Hanover Dev T Mcb
Individual
Free & Clear · 13 yrs held
Mailing address
183 COLUMBIA RD, HANOVER, MA 02339-2321
Ownership since
2013
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
Jun 6, 2013
$720,000
Hanover Dev T Mcb
Conway,john E
Quit Claim Deed
—
Nov 9, 2012
$1
John E Conway
Jpc Hanover RT
Grant Deed
related
—
Nov 9, 2011
$1
Jpc Hanover RT
Conway,john E
Grant Deed
—
Dec 23, 2005
$1
John E Conway
Donegal Trading Post INC
Grant Deed
related
—
Oct 3, 1995
—
John E Conway
—
Deed Of Trust
related
$250,000 · Hingham Institute For Savings
Aug 12, 1991
—
John E Conway
—
Deed Of Trust
related
$500,000 · Shawmut Bank Of Boston
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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