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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Investment properties
1898 Otis Rd, Otis, MA 01253
Entity Owned
2-yr Hold
Property ID
US38-2315038
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1820
Construction
FRAME
Total area
8,558 SF
Lot
1.7 ac (74,052 SF)
Zoning code
V-1
APN
OTIS M:16 L:52
UPID
US38-2315038
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
$955k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$625k
Blend (final)
Blend
$785k
Owner & transaction history
Knox Trail Inn Assoc LLC · 2 yrs held
Knox Trail Inn Assoc LLC
since 2023
Last sale
$815,000
7 recorded transactions
Zoning & alternative use
V-1 · Otis, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.2M
+15.6%
Office building
$1.2M
+12.3%
Auto repair, garage
$1.1M
+4.6%
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 Otis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Otis 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
$955,000
ML approach
$955,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,065,000
Current use
RETAIL STORES
$1,230,000
Change: +16% · Conversion: Easy
OFFICE BUILDING
$1,195,000
Change: +12% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,110,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$785k
Range $707k – $864k · ±10% · vs last sale $815k (Oct 31 2023)
Last sale anchor
$815k
Oct 31 2023
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
$92 / 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
$3,240
Tax year 2024
Assessed value
$500,000
Assessed 2024
Previous assessed
$500,000
+0.0% YoY
Effective rate
0.65%
On assessed value
Assessed land
$63,600
Assessed improvement
$436,400
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1820
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
2
Units
2
Bathrooms
2
Total area
8,558 SF
Lot
1.7 ac (74,052 SF)
Zoning code
V-1
APN
OTIS M:16 L:52
UPID
US38-2315038
Jurisdiction
OTIS
Zoning & alternative use
V-1 · Otis, MA
Zoning V-1 · permitted uses
V-1 · Otis, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Otis. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.1M
RETAIL STORES
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
COMMERCIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
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
1820
Construction
FRAME
Heating
FORCED AIR
Stories
2
Buildings
1
Units
2
Bathrooms
2
Lot
1.7 ac
Current owner
From public records · entity-resolved
Knox Trail Inn Assoc LLC
Entity
Mailing address
1898 E OTIS RD, OTIS, MA 01253
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2023
$815,000
Knox Trail Inn Assoc LLC
Kti Realty LLC
Quit Claim Arm's Length For Ne States
$600,000 · Westfield Bank Fsb
May 22, 2017
—
Kti Realty LLC
—
Deed
related
$360,000 · Westfield Bank
Apr 5, 2017
$250,000
Kti Realty LLC
Wagner,andrea
Quit Claim Deed
related
—
Dec 26, 2013
—
Andrea Wagner
—
Deed Of Trust
related
$580,000 · Farm Credit East Aca
Jul 31, 2008
$285,000
Andrea Wagner
Laduke,eileen M
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Oct 4, 2004
—
Paul Scott Laduke
—
Deed Of Trust
related
$75,000 · Legacy Banks
Jun 18, 2004
$215,800
Eileen M Laduke
Emprimo,william
Grant Deed
$284,000 · Legacy Banks
Jun 18, 2004
—
Laduke,eileen M
—
Grant Deed
related
$46,000 · Legacy Banks
Apr 8, 1997
$150,000
William M Emprimo
Guerrette,carl
Grant Deed
$120,000 · Westfield Bank Fsb
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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