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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Industrial properties
202 Commerce N Park 1, South Chatham, MA 02659-1429
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-0735084
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Year built
1988
Total area
1,676 SF
Zoning code
I
APN
CHAT M:05F B:011A L:X1
UPID
US38-0735084
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
$535k
CAP Approach
CAP
$370k
Comparable Approach
Comparable
$344k
Blend (final)
Blend
$560k
Owner & transaction history
Payme LLC · 3 yrs held
Payme LLC
since 2023
Last sale
$650,000
5 recorded transactions
Zoning & alternative use
I · South Chatham, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$490,000
+89.9%
Retail stores
$380,000
+47.6%
Office building
$380,000
+46.9%
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 South Chatham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Chatham 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
$550,000
ML approach
$535,000
CAP Approach
CAP Return
Estimation
6%
$405,000
6.5%
$370,000
7%
$345,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$490,000
Change: +90% · Conversion: Difficult
RETAIL STORES
$380,000
Change: +48% · Conversion: Moderate
OFFICE BUILDING
$380,000
Change: +47% · Conversion: Difficult
Blend value · Realmo final
$560k
Range $504k – $616k · ±10% · vs last sale $650k (Jan 13 2023)
Last sale anchor
$650k
Jan 13 2023
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
$334 / 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
$1,902
Tax year 2024
Assessed value
$532,900
Assessed 2024
Previous assessed
$532,900
+0.0% YoY
Effective rate
0.36%
On assessed value
Assessed improvement
$532,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Status
Off-Market
Year built
1988
Heating
GRAVITY
Buildings
1
Stories
1
Bathrooms
1
Total area
1,676 SF
Zoning code
I
APN
CHAT M:05F B:011A L:X1
UPID
US38-0735084
Jurisdiction
CHATHAM
Zoning & alternative use
I · South Chatham, MA
Zoning I · permitted uses
I · South Chatham, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South Chatham. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$490,000
RETAIL STORES
Est. value
$380,000
OFFICE BUILDING
Est. value
$380,000
COMMERCIAL (GENERAL)
RETAIL STORES
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
1988
Heating
GRAVITY
Stories
1
Buildings
1
Bathrooms
1
Current owner
From public records · entity-resolved
Payme LLC
Entity
Mailing address
202 COMMERCE PARK N #1, SOUTH CHATHAM, MA 02659-1429
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2023
$650,000
Payme LLC
Bst Chatham LLC
Condominium Deed
$360,000 · Cape Cod Cooperative Bank
Jul 18, 2014
$180,000
Bst Chatham LLC
Epsilon Portunus LLC
Quit Claim Deed
$200,000 · Farm Credit East Aca
Apr 29, 2014
$115,000
Epsilon Portunus LLC
Fitzpatrick,robert
Quit Claim Deed
$97,750 · Bank Of Cape Cod
Jan 18, 2008
—
Laurie C Fitzpatrick
—
Deed Of Trust
related
$70,000 · John Handel
Jan 23, 2007
—
Robert S Fitzpatrick
—
Deed Of Trust
related
$77,000 · John Christopher Nt
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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