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Property profile & analytics
OFF-MARKET
Estimated value
$1,650,000
Parking lots & garages
2 Sutton Rd Webster, MA 01570
Entity Owned
21-yr Hold
Free & Clear
Property ID
US38-2229964
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1972
Construction
STEEL FRAME
Total area
37,828 SF
Lot
4.96 ac (216,058 SF)
Zoning code
INDUST
APN
WEBS M:78 B:C P:2
UPID
US38-2229964
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
$1.65M
Owner & transaction history
Commerce Ins Co · 21 yrs held
Commerce Ins Co
since 2005
7 recorded transactions
Zoning & alternative use
INDUST · Webster, 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 Webster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Webster 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
$44 / 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
$9,743
Tax year 2024
Assessed value
$799,900
Assessed 2024
Previous assessed
$799,900
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$428,900
Assessed improvement
$371,000
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1972
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
2
Total area
37,828 SF
Lot
4.96 ac (216,058 SF)
Zoning code
INDUST
APN
WEBS M:78 B:C P:2
UPID
US38-2229964
Jurisdiction
WEBSTER
Zoning & alternative use
INDUST · Webster, MA
Zoning INDUST · permitted uses
INDUST · Webster, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Webster. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1972
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
2
Buildings
1
Lot
4.96 ac
Current owner
From public records · entity-resolved
Commerce Ins Co
Entity
Free & Clear · 21 yrs held
Mailing address
211 MAIN ST, WEBSTER, MA 01570-2249
Ownership since
2005
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
Jun 2, 2005
$2,500,000
Commerce Ins Co
Reinig,gerd E
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
—
Mar 31, 2003
—
Gerd E Reinig
—
Deed Of Trust
related
$180,000 · Webster Five Cents Sav Bank
Jan 15, 2002
—
Gerd Reinig
—
Deed Of Trust
related
$270,000 · Webster Five Cents Sav Bank
Jul 6, 2001
$100,000
Gerd Reinig
Jung,ruth
Grant Deed
$1,525,000 · First International Bank
Jul 6, 2001
—
Gerd Reinig
—
Deed Of Trust
related
$1,250,000 · First International Bank
Jun 14, 2001
—
Gerd E Reinig
—
Deed Of Trust
related
$270,000 · Webster Five Cents Sav Bank
Aug 13, 1999
—
Gerd E Reinig
—
Deed Of Trust
related
$400,000 · Bankboston Development Co LLC
Feb 2, 1999
—
Gerd E Reinig
—
Deed Of Trust
related
$160,000 · Bankboston Development Co LLC
Sep 23, 1994
$198,000
Ruth Jung
Reinig,gerd
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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