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Property profile & analytics
FOR LEASE
Super regional malls
2 Olney St Seekonk, MA 02771
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-1791504
For Lease
1 / 16
$1,800/Mo
2 Olney St, Seekonk, MA 02771
View Listing →
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1965
Total area
35,394 SF
Lot
6.21 ac (270,508 SF)
Zoning code
LB
APN
SEEK M:0060 B:0000 L:00090
UPID
US38-1791504
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
-
Rochelles Convenience Mart Grocery & Convenience Store
-
ATM Atm
-
Byte Federal Bitcoin ATM (Rochelles Convenience Mart) Atm
-
The Cooks House Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.38M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.65M
Blend (final)
Blend
$4.04M
Owner & transaction history
Vtt Seekonk LLC · 4 yrs held
Vtt Seekonk LLC
since 2022
Last sale
$3.4M
7 recorded transactions
Zoning & alternative use
LB · Seekonk, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district represents areas of the community distinguished by intensive commercial activities that serve the daily shopping and service needs of the local community
Zone name
Local Business
General category
COMMERCIAL
Zone area
150.12 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$6.3M
+16.5%
Retail stores
$5.8M
+7.4%
Apartment house (5+ units)
$5.7M
+4.8%
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 Seekonk submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Seekonk 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
$4,460,000
ML approach
$4,380,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$5,405,000
Current use
AUTO REPAIR, GARAGE
$6,300,000
Change: +17% · Conversion: Difficult
RETAIL STORES
$5,805,000
Change: +7% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$5,665,000
Change: +5% · Conversion: Difficult
OFFICE BUILDING
$5,405,000
Change: +0% · Conversion: Moderate
COMMERCIAL (GENERAL)
$5,270,000
Change: -2% · Conversion: Easy
WAREHOUSE, STORAGE
$4,680,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$4.04M
Range $3.63M – $4.44M · ±10% · vs last sale $3.35M (Jun 8 2022)
Last sale anchor
$3.35M
Jun 8 2022
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
$114 / 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
$89,148
Tax year 2024
Assessed value
$3,343,900
Assessed 2024
Previous assessed
$3,343,900
+0.0% YoY
Effective rate
2.67%
On assessed value
Assessed land
$1,307,200
Assessed improvement
$2,036,700
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Lease
Year built
1965
Heating
NONE
Buildings
2
Stories
1
Total area
35,394 SF
Lot
6.21 ac (270,508 SF)
Zoning code
LB
APN
SEEK M:0060 B:0000 L:00090
UPID
US38-1791504
Jurisdiction
SEEKONK
Zoning & alternative use
LB · Seekonk, MAZoning LB · permitted uses
LB · Seekonk, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district represents areas of the community distinguished by intensive commercial activities that serve the daily shopping and service needs of the local community
Zone name
Local Business
General category
COMMERCIAL
Zone area
150.12 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$5.4M
AUTO REPAIR, GARAGE
Est. value
$6.3M
RETAIL STORES
Est. value
$5.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.7M
OFFICE BUILDING
Est. value
$5.4M
COMMERCIAL (GENERAL)
Est. value
$5.3M
WAREHOUSE, STORAGE
Est. value
$4.7M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1965
Heating
NONE
Stories
1
Buildings
2
Lot
6.21 ac
Current owner
From public records · entity-resolved
Vtt Seekonk LLC
Entity
Mailing address
525 E BAY ST, CHARLESTON, SC 29403-6655
Ownership since
2022
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
Jun 8, 2022
$3,350,000
Vtt Seekonk LLC
Cassisi Group LLC
Quit Claim Arm's Length For Ne States
$2,680,000 · Mutualone Bank
Aug 29, 2016
—
Cassisi Group LLC
—
Deed
related
$2,240,000 · Bank Rhode Island
Mar 30, 2007
$1
Cassisi Grp LLC
Cassisi,domenico
Grant Deed
—
Mar 30, 2007
$978,220
Cassisi Grp LLC
Cassisi,francesco
Grant Deed
$1,500,000 · Citizens Bank Of Ri
Jun 27, 2000
—
Domenico Cassisi
—
Deed Of Trust
related
$1,500,000 · Citizens Bank Of Ri
Apr 12, 1996
—
Francesco Cassisi
—
Deed Of Trust
related
$250,000 · Michael Lepizzera
Nov 21, 1995
—
Francesco Cassisi
—
Deed Of Trust
related
$1,260,000 · Ri Hosp Trust National 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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