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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Hotels
199 Main St, Lee, MA 01238-1660
Individually Owned
14-yr Hold
~
Est. High Equity
Property ID
US38-1423189
Property profile
Verified
Property type
Hotels
Use group
HOTEL-RESORT
Year built
1909
Construction
FRAME
Total area
4,808 SF
Lot
0.57 ac (24,829 SF)
Zoning code
BM
APN
LEEE M:012 B:0A L:0000-0114.0
UPID
US38-1423189
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
-
Chambery Inn Hotel & Motel Bed & Breakfast
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$360k
CAP Approach
CAP
$450k
Comparable Approach
Comparable
$610k
Blend (final)
Blend
$575k
Owner & transaction history
Robert D Healey JR. · 14 yrs held
Robert D Healey JR.
since 2011
7 recorded transactions
Zoning & alternative use
BM · Lee, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$705,000
+10.1%
Retail stores
$690,000
+8.1%
Office building
$670,000
+5.1%
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
Method
Estimation
Statistic approach
by Request
ML approach
$360,000
CAP Approach
CAP Return
Estimation
6%
$485,000
6.5%
$450,000
7%
$415,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$640,000
Current use
COMMERCIAL (GENERAL)
$705,000
Change: +10% · Conversion: Difficult
RETAIL STORES
$690,000
Change: +8% · Conversion: Difficult
OFFICE BUILDING
$670,000
Change: +5% · Conversion: Difficult
AUTO REPAIR, GARAGE
$625,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$575k
Range $518k – $633k · ±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
$120 / 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
$9,823
Tax year 2024
Assessed value
$873,900
Assessed 2024
Previous assessed
$823,000
+6.2% YoY
Effective rate
1.12%
On assessed value
Assessed land
$173,900
Assessed improvement
$700,000
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
Hotels
Use group
HOTEL-RESORT
Status
Off-Market
Year built
1909
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
3
Total area
4,808 SF
Lot
0.57 ac (24,829 SF)
Zoning code
BM
APN
LEEE M:012 B:0A L:0000-0114.0
UPID
US38-1423189
Jurisdiction
LEE
Zoning & alternative use
BM · Lee, MA
Zoning BM · permitted uses
BM · 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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$640,000
COMMERCIAL (GENERAL)
Est. value
$705,000
RETAIL STORES
Est. value
$690,000
OFFICE BUILDING
Est. value
$670,000
AUTO REPAIR, GARAGE
Est. value
$625,000
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
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
1909
Construction
FRAME
Heating
FORCED AIR
Stories
3
Buildings
1
Lot
0.57 ac
Current owner
From public records · entity-resolved
Robert D Healey JR.
Individual
Mailing address
199 MAIN ST, LEE, MA 01238-1660
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2018
—
Robert D Healey JR.
—
Deed
related
$825,000 · Lee Bank
Aug 30, 2011
$663,000
Robert D Healey JR.
Toole,joseph M
Grant Deed
$347,000 · Bay Colony Dev Corp
Aug 15, 2008
—
Joseph M Toole
—
Deed Of Trust
related
$210,000 · Thomas A Ricchi
Feb 19, 2008
—
Joseph M Toole
—
Deed Of Trust
related
$780,000 · Lee Bank
Jul 24, 2003
—
Toole Properties INC
—
Deed Of Trust
related
$203,000 · Lee Bank
Jun 29, 2001
—
Joseph M Toole
—
Deed Of Trust
related
$705,000 · Lee Bank
Apr 10, 1990
—
Joseph M Toole
—
Deed Of Trust
related
$350,000 · Lee Bank
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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