New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,230,000
Investment properties
189 Main St, Falmouth, MA 02540-2785
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US38-2511359
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1929
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,301 SF
Lot
0.21 ac (8,973 SF)
Zoning code
B1
APN
FALM 47A S:08 P:003 L:001A
UPID
US38-2511359
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
-
Keenan + Kenny Architects, Ltd Architect
-
Eight Cousins Books (Bike/Boat/Book/etc) Store
-
Main Street Real Estate Real Estate Agency
-
Main Street Gallery - Fine Arts and Real estate Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.57M
Comparable Approach
Comparable
$1.28M
Blend (final)
Blend
$1.23M
Owner & transaction history
Main Nt · 12 yrs held
Main Nt
since 2014
4 recorded transactions
Zoning & alternative use
B1 · Falmouth, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.8M
+31.0%
Retail stores
$1.7M
+19.7%
Office building
$1.6M
+16.5%
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 Falmouth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Falmouth 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%
$1,695,000
6.5%
$1,565,000
7%
$1,455,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,380,000
Current use
RESTAURANT
$1,810,000
Change: +31% · Conversion: Difficult
RETAIL STORES
$1,650,000
Change: +20% · Conversion: Easy
OFFICE BUILDING
$1,610,000
Change: +16% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,250,000
Change: -10% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,120,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$1.23M
Range $1.11M – $1.35M · ±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
$168 / 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
$8,404
Tax year 2024
Assessed value
$1,338,200
Assessed 2024
Previous assessed
$1,164,200
+14.9% YoY
Effective rate
0.63%
On assessed value
Assessed land
$449,200
Assessed improvement
$889,000
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
1929
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
5
Bathrooms
2
Total area
7,301 SF
Lot
0.21 ac (8,973 SF)
Zoning code
B1
APN
FALM 47A S:08 P:003 L:001A
UPID
US38-2511359
Jurisdiction
FALMOUTH
Zoning & alternative use
B1 · Falmouth, MA
Zoning B1 · permitted uses
B1 · Falmouth, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Falmouth. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.4M
RESTAURANT
Est. value
$1.8M
RETAIL STORES
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.3M
INDUSTRIAL (GENERAL)
Est. value
$1.1M
COMMERCIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
OFFICE BUILDING
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
1929
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
5
Bathrooms
2
Lot
0.21 ac
Current owner
From public records · entity-resolved
Main Nt
Individual
Mailing address
907 MASSACHUSETTS AVE, CAMBRIDGE, MA 02139-3000
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2014
$2,835,000
Main Nt
Ferra,joseph G & Gitta M
Quit Claim Deed
related
$2,000,000 · Gary Needham
Jul 16, 2012
—
Joseph G Ferra
—
Deed Of Trust
related
$2,150,000 · Spencer Savings Bank Sla
Aug 6, 2002
—
Joseph G Ferra
—
Deed Of Trust
related
$735,000 · Thomas M Sykes
Aug 15, 2000
$742,000
Joseh G Ferra
Olde Bank Market RT
Grant Deed
$535,000 · Zenon Grzybowski
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 189 Main St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
