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Property profile & analytics
OFF-MARKET
Estimated value
$2,610,000
Showrooms
198 Ayer Rd Harvard, MA 01451-1163
Entity Owned
2-yr Hold
Free & Clear
Property ID
US38-1212844
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2010
Construction
STEEL FRAME
Total area
20,952 SF
Lot
3.38 ac (147,233 SF)
APN
HARV M:8 B:40 L:3
UPID
US38-1212844
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
-
Aimee C Kobjack, MD Pediatrician Physician
-
Vision Solar Massachusetts Solar Energy Company
-
Dr. Kastoori Iyengar Pediatrician Physician
-
Health Alliance Internal Medicine Medical Clinic
-
Bency Louidor Paulynice Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.91M
Comparable Approach
Comparable
$2.73M
Blend (final)
Blend
$2.61M
Owner & transaction history
Wheeler Realty LLC · 2 yrs held
Wheeler Realty LLC
since 2024
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.0M
+71.3%
Retail stores
$3.3M
+42.6%
Auto repair, garage
$3.2M
+39.4%
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 Harvard submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Harvard 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%
$3,150,000
6.5%
$2,905,000
7%
$2,700,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,305,000
Current use
RESTAURANT
$3,950,000
Change: +71% · Conversion: Difficult
RETAIL STORES
$3,285,000
Change: +43% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,215,000
Change: +39% · Conversion: Difficult
OFFICE BUILDING
$2,850,000
Change: +24% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,645,000
Change: +15% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,515,000
Change: +9% · Conversion: Moderate
WAREHOUSE, STORAGE
$2,100,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$2.61M
Range $2.35M – $2.87M · ±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
$125 / 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
$42,435
Tax year 2024
Assessed value
$2,849,900
Assessed 2024
Previous assessed
$2,755,300
+3.4% YoY
Effective rate
1.49%
On assessed value
Assessed land
$292,200
Assessed improvement
$2,557,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2010
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
2
Units
1
Rooms
10
Bathrooms
6
Total area
20,952 SF
Lot
3.38 ac (147,233 SF)
APN
HARV M:8 B:40 L:3
UPID
US38-1212844
Jurisdiction
HARVARD
Zoning & alternative use
Zoning · permitted uses
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
COMMERCIAL (GENERAL) Current
Est. value
$2.3M
RESTAURANT
Est. value
$4.0M
RETAIL STORES
Est. value
$3.3M
AUTO REPAIR, GARAGE
Est. value
$3.2M
OFFICE BUILDING
Est. value
$2.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.5M
WAREHOUSE, STORAGE
Est. value
$2.1M
COMMERCIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
2010
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
1
Units
1
Rooms
10
Bathrooms
6
Lot
3.38 ac
Current owner
From public records · entity-resolved
Wheeler Realty LLC
Entity
Free & Clear · 2 yrs held
Mailing address
200 AYER RD, HARVARD, MA 01451-1158
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 18, 2024
—
Wheeler Realty LLC
Wheeler RT
Quitclaim Deed
related
—
Mar 29, 2010
$1
Ayer Road Realty LLC
Wheeler RT
Grant Deed
—
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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