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Property profile & analytics
OFF-MARKET
Estimated value
$1,580,000
Retail properties & Spaces
2001 Washington St, Hanover, MA 02339-1656
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US38-0260139
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,198 SF
Lot
2.72 ac (118,483 SF)
Zoning code
C
APN
HANO M:05 L:022
UPID
US38-0260139
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
-
First Resource Co Construction Company General Contractor
-
Curaleaf MA Hanover Medical (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.58M
Owner & transaction history
First Washington St LLC · 14 yrs held
First Washington St LLC
since 2011
7 recorded transactions
Zoning & alternative use
C · Hanover, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.6M
+10.8%
Industrial (general)
$2.5M
+9.5%
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 Hanover submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hanover 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,325,000
Current use
COMMERCIAL (GENERAL)
$2,575,000
Change: +11% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,545,000
Change: +9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,315,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$2,260,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$1.58M
Range $1.42M – $1.74M · ±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
$141 / 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
$27,964
Tax year 2024
Assessed value
$2,079,100
Assessed 2024
Previous assessed
$1,953,500
+6.4% YoY
Effective rate
1.35%
On assessed value
Assessed land
$707,700
Assessed improvement
$1,371,400
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
2
Rooms
7
Bathrooms
2
Total area
11,198 SF
Lot
2.72 ac (118,483 SF)
Zoning code
C
APN
HANO M:05 L:022
UPID
US38-0260139
Jurisdiction
HANOVER
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
C · Hanover, MA
Zoning C · permitted uses
C · Hanover, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hanover. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.6M
INDUSTRIAL (GENERAL)
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.3M
OFFICE BUILDING
Est. value
$2.3M
RETAIL STORES Current
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
2
Rooms
7
Bathrooms
2
Lot
2.72 ac
Current owner
From public records · entity-resolved
First Washington St LLC
Entity
Mailing address
2001 WASHINGTON ST, HANOVER, MA 02339-1656
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2011
$2,600,000
First Washington St LLC
2001 Washington Street RT
Grant Deed
$1 · Bank Of America
Sep 14, 2007
—
Washington Street RT
—
Deed Of Trust
related
$640,000 · Nak Holdings T
Aug 31, 2007
—
Washington Street RT
—
Deed Of Trust
related
$2,000,000 · Greenpoint Mortgage Funding
Jul 31, 2007
—
Washington Street RT
—
Deed Of Trust
related
$640,000 · Nak Holdings T
Oct 2, 2003
—
2001 Washington Street RT
—
Deed Of Trust
related
$650,000 · Joseph S Mantia
Nov 25, 2002
—
2001 Washington St. RT
—
Deed Of Trust
related
$1,100,000 · Hingham Institute For Savings
Nov 30, 1999
—
24 Quincy Ave RT
—
Deed Of Trust
related
$151,059 · Hanover RT
Oct 19, 1999
—
24 Quincy Ave RT
—
Deed Of Trust
related
$100,000 · Hanover RT
Jan 31, 1996
—
2001 Washington St. RT
—
Deed Of Trust
related
$110,000 · Hanover RT
Aug 19, 1994
—
2001 Washington St. RT
—
Deed Of Trust
related
$15,000 · Zuckerman Family Nomi
Dec 23, 1993
$157,000
2001 Washington St. RT
Waters,augusta L
Grant Deed
$120,000 · Zwi Kohorn
Mar 5, 1990
—
Augusta L Waters
—
Deed Of Trust
related
$40,000 · Richard E Frye
Oct 19, 1988
$285,000
Augusta L Waters
Waters,a By
Grant Deed
related
$100,000 · Richard E Frye
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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