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Property profile & analytics
FOR SALE
Hotels
1861 Main St Brewster, MA 02631
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US38-1779787
For Sale
1 / 62
$3,395,000
1861 Main St, Brewster, MA 02631
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL-RESORT
Year built
1860
Construction
FRAME
Total area
7,922 SF
Lot
0.71 ac (30,840 SF)
Zoning code
RESD.
APN
BREW M:57 B:47
UPID
US38-1779787
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
-
Old Manse Inn Bed & Breakfast Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.53M
Comparable Approach
Comparable
$1.71M
Blend (final)
Blend
$1.57M
Owner & transaction history
Brian Blair · 12 yrs held
Brian Blair
since 2013
7 recorded transactions
Zoning & alternative use
RESD. · Brewster, 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 Brewster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Brewster 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%
$1,655,000
6.5%
$1,530,000
7%
$1,420,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,600,000
Current use
COMMERCIAL (GENERAL)
$2,200,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$1.57M
Range $1.41M – $1.73M · ±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
$198 / 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
$9,155
Tax year 2024
Assessed value
$1,344,400
Assessed 2024
Previous assessed
$1,344,400
+0.0% YoY
Effective rate
0.68%
On assessed value
Assessed land
$264,900
Assessed improvement
$1,079,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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-RESORT
Status
For Sale
Year built
1860
Construction
FRAME
Heating
STEAM
Buildings
1
Stories
3
Total area
7,922 SF
Lot
0.71 ac (30,840 SF)
Zoning code
RESD.
APN
BREW M:57 B:47
UPID
US38-1779787
Jurisdiction
BREWSTER
Zoning & alternative use
RESD. · Brewster, MA
Zoning RESD. · permitted uses
RESD. · Brewster, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Brewster. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$2.6M
COMMERCIAL (GENERAL)
Est. value
$2.2M
HOTEL/MOTEL Current
COMMERCIAL (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
1860
Construction
FRAME
Heating
STEAM
Stories
3
Buildings
1
Lot
0.71 ac
Current owner
From public records · entity-resolved
Brian Blair
Individual
Mailing address
1861 MAIN ST, BREWSTER, MA 02631-1826
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2013
$1,535,000
Brian Blair
Omi LLC
Quit Claim Arm's Length For Ne States
$1,197,300 · Td Bank NA
Feb 9, 2011
—
Omi LLC
—
Deed Of Trust
related
$200,000 · Cape Cod Coop Bank
Jun 30, 2008
$1,013,600
Omi LLC
Arnold,arthur K
Grant Deed
$650,000 · Cape Cod Coop Bank
Jul 12, 2005
$967,500
Arthur K Arnold
Stier,joyce
Grant Deed
$773,600 · First Horizon Home Loan
Mar 24, 2003
$855,000
Paul R Stier
Plum,david C
Grant Deed
$598,500 · Chevy Chase Savings Bank
Jan 2, 1997
$495,000
David C Plum
Manchester,douglas C
Grant Deed
$200,000 · Sandwich Cp Bank
Nov 22, 1995
—
Douglas C Manchester
—
Deed Of Trust
related
$226,000 · Cape Cod Five Cent Bank
Jun 19, 1991
—
Douglas C Manchester
—
Deed Of Trust
related
$155,000 · Cape Cod Five Cent Bank
Jan 4, 1990
—
Douglas C Manchester
—
Deed Of Trust
related
$118,000 · Cape Cod Five Cent Bank
Jul 12, 1988
$2,767
I Katherine Blackey
Forgione,anthony V
Grant Deed
related
—
Jun 13, 1988
$40,000
Jack Derbyshire
Darbyshire,dorothy
Grant Deed
$40,000 · Zenon Grzybowski
Aug 18, 1987
—
Diane E Mcdonald
—
Deed Of Trust
related
$135,000 · Bostonfivecentssvgsbk
Jul 28, 1987
—
Donald D Kummerfell
—
Deed Of Trust
related
$150,000 · Security Fsla
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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