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Property profile & analytics
OFF-MARKET
Estimated value
$3,855,000
Retail properties & Spaces
2035 Washington St, Hanover, MA 02339-1656
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US38-0654505
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
30,636 SF
Lot
8 ac (348,480 SF)
Zoning code
C
APN
HANO M:05 L:020
UPID
US38-0654505
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
-
Savers Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.27M
Blend (final)
Blend
$3.86M
Owner & transaction history
2035 Washington St LLC · 13 yrs held
2035 Washington St LLC
since 2012
7 recorded transactions
Zoning & alternative use
C · Hanover, 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 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
$6,355,000
Current use
AUTO REPAIR, GARAGE
$6,335,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$6,190,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$3.86M
Range $3.47M – $4.24M · ±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
$126 / 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
$64,268
Tax year 2024
Assessed value
$4,778,300
Assessed 2024
Previous assessed
$4,574,100
+4.5% YoY
Effective rate
1.34%
On assessed value
Assessed land
$2,190,900
Assessed improvement
$2,587,400
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
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
1
Total area
30,636 SF
Lot
8 ac (348,480 SF)
Zoning code
C
APN
HANO M:05 L:020
UPID
US38-0654505
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
$6.4M
AUTO REPAIR, GARAGE
Est. value
$6.3M
OFFICE BUILDING
Est. value
$6.2M
RETAIL STORES Current
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
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
1
Lot
8 ac
Current owner
From public records · entity-resolved
2035 Washington St LLC
Entity
Mailing address
231 WILLOW ST, YARMOUTH PORT, MA 02675-1744
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2023
—
2035 Wa St LLC
—
Deed
related
$1,250,000 · Cape Cod Five Cents Savings Bank
Dec 4, 2012
$4,500,000
2035 Washington St LLC
Merchant Hanover Prop
Quit Claim Arm's Length For Ne States
$3,000,000 · Td Bank NA
Jun 13, 2008
—
Merchant Hanover Prop LLC
—
Deed Of Trust
related
$4,550,000 · Peoples Bank Holyoke
Oct 6, 2006
$6,000,000
Merchant Hanover Prop LLC
Red Toe LLC
Grant Deed
$1,700,000 · Peoples Bank Holyoke
Jun 30, 2004
$3,935,000
Red Toe LLC
Hanwash LLC
Grant Deed
$3,112,500 · Cambridge Savings Bank
Dec 29, 1999
—
Hanwash LLC
—
Deed Of Trust
related
$2,800,000 · Charter One Mortgage Corp
Dec 7, 1998
$2,800,000
Hanwash LLC
Cal RT
Grant Deed
$2,640,000 · Zeger Corp Pension Trust
Dec 7, 1998
—
Hanwash LLC
—
Deed Of Trust
related
$400,000 · Zeger Corp Pension Trust
Aug 9, 1994
—
Cal RT
—
Deed Of Trust
related
$2,000,000 · Zuckerman Family Nomi
May 26, 1994
$150,000
Cal RT
Gdw RT
Grant Deed
—
Feb 28, 1989
$750,000
Mackey RT
Mackey,frederick E
Grant Deed
related
$600,000 · Braintree Svgs Bk
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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