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Property profile & analytics
OFF-MARKET
Investment properties
189 Water St Lee, MA 01238-9438
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US38-1729694
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Total area
5,244 SF
Lot
0.58 ac (25,265 SF)
Zoning code
CBC
APN
LEEE M:019 B:00 L:0000-0061.0
UPID
US38-1729694
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
189 Water Street LLC · 7 yrs held
189 Water Street LLC
since 2018
7 recorded transactions
Zoning & alternative use
CBC · Lee, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,660
Tax year 2024
Assessed value
$325,600
Assessed 2024
Previous assessed
$325,800
-0.1% YoY
Effective rate
1.12%
On assessed value
Assessed land
$142,000
Assessed improvement
$183,600
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
Heating
NONE
Buildings
1
Total area
5,244 SF
Lot
0.58 ac (25,265 SF)
Zoning code
CBC
APN
LEEE M:019 B:00 L:0000-0061.0
UPID
US38-1729694
Jurisdiction
LEE
Zoning & alternative use
CBC · Lee, MA
Zoning CBC · permitted uses
CBC · Lee, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lee. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1900
Heating
NONE
Buildings
1
Lot
0.58 ac
Current owner
From public records · entity-resolved
189 Water Street LLC
Entity
Mailing address
PO BOX 821, LEE, MA 01238-0821
Ownership since
2018
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
Sep 11, 2018
—
189 Water Street LLC
Clark,rodney F
Quit Claim Deed
related
—
Sep 4, 2018
$10,000
Tri Town Paving INC
Clark,rodney F & Christine
Quit Claim Deed
—
Jul 31, 2018
$255,000
Mkj Real Estate LLC
Rodney F Clark
Quit Claim Arm's Length For Ne States
$360,000 · Adams Community Bk
Aug 11, 2010
—
Rodney F Clark
—
Deed Of Trust
related
$100,000 · Lee Bank
Aug 6, 2001
—
Rodney F Clark
—
Deed Of Trust
related
$64,000 · Lee Bank
Oct 18, 1999
—
Robert F Clark
—
Deed Of Trust
related
$40,000 · Lee Bank
Dec 13, 1996
—
Rodney F Clark
—
Deed Of Trust
related
$275,000 · Lee Bank
Apr 4, 1994
—
Rodney F Clark
—
Deed Of Trust
related
$23,000 · Lee Bank
Feb 13, 1989
—
Rodney F Clark
—
Deed Of Trust
related
$30,000 · Lee Bank
Dec 1, 1988
—
Rodney F Clark
—
Deed Of Trust
related
$140,000 · Lee Bank
Sep 23, 1988
$75,000
Rodney F Clark
Church,william C
Grant Deed
$53,000 · Lee Bank
Sep 6, 1988
—
Frederick W Rathbun JR
—
Deed Of Trust
related
$30,000 · Lee National Bank
May 22, 1987
—
Kelly Arnold JR.
—
Deed Of Trust
related
$58,000 · Statewide Funding Corp
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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