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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Office buildings
2016 Ocean St, Marshfield, MA 02050-3115
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0733735
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1910
Construction
FRAME
Total area
3,107 SF
Lot
0.62 ac (26,964 SF)
Zoning code
B-2
APN
MARS M:0G08 B:0006 L:0004
UPID
US38-0733735
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
-
Stone Karen R PhD Physician Medical Clinic
-
Jerry Larke, PhD Physician Medical Clinic
-
Larke & Larke Physician Medical Clinic
-
Stone Acupuncture Alternative Medicine Practice Acupuncture
-
Kate Stone, Lic Medical Clinic Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$760k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$746k
Blend (final)
Blend
$735k
Owner & transaction history
2016 Ocean Street LLC · 4 yrs held
2016 Ocean Street LLC
since 2021
Last sale
$725,000
6 recorded transactions
Zoning & alternative use
B-2 · Marshfield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$645,000
+2.7%
Auto repair, garage
$640,000
+2.4%
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 Marshfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marshfield 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
$730,000
ML approach
$760,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$630,000
Current use
RETAIL STORES
$645,000
Change: +3% · Conversion: Moderate
AUTO REPAIR, GARAGE
$640,000
Change: +2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$555,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$735k
Range $662k – $809k · ±10% · vs last sale $725k (Oct 29 2021)
Last sale anchor
$725k
Oct 29 2021
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
$237 / 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
$7,348
Tax year 2024
Assessed value
$707,200
Assessed 2024
Previous assessed
$707,200
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$453,600
Assessed improvement
$253,600
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1910
Construction
FRAME
Heating
STEAM
Cooling
YES
Buildings
1
Stories
2
Units
8
Bathrooms
4
Total area
3,107 SF
Lot
0.62 ac (26,964 SF)
Zoning code
B-2
APN
MARS M:0G08 B:0006 L:0004
UPID
US38-0733735
Jurisdiction
MARSHFIELD
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
B-2 · Marshfield, MA
Zoning B-2 · permitted uses
B-2 · Marshfield, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Marshfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$630,000
RETAIL STORES
Est. value
$645,000
AUTO REPAIR, GARAGE
Est. value
$640,000
COMMERCIAL (GENERAL)
Est. value
$555,000
OFFICE BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1910
Construction
FRAME
Heating
STEAM
Cooling
Yes
Stories
2
Buildings
1
Units
8
Bathrooms
4
Lot
0.62 ac
Current owner
From public records · entity-resolved
2016 Ocean Street LLC
Entity
Mailing address
63 OLD ESSEX RD, MANCHESTER, MA 01944-1206
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2021
$725,000
2016 Ocean Street LLC
Carol A Watt
Quit Claim Arm's Length For Ne States
$362,500 · South Shore Bank
Oct 29, 2021
—
2016 Ocean Street LLC
—
Deed
related
$296,000 · Granite State Economic Development Corp
Jul 31, 2002
$300,000
Carol A Watt
Dsr Corp
Grant Deed
—
Oct 19, 1998
—
Brief Rlty INC
—
Deed Of Trust
related
$200,000 · Hingham Institute For Savings
Jun 5, 1998
—
Brief Rlty INC
—
Deed Of Trust
related
$20,450 · James S Mattie
May 13, 1991
$75,000
Pendulum INC
Rice,winifred V
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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