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Property profile & analytics
OFF-MARKET
Estimated value
$8,700,000
Automotive properties
2060 Washington St Hanover, MA 02339-1617
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US38-1473336
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2011
Construction
STEEL FRAME
Total area
25,007 SF
Lot
7.88 ac (343,253 SF)
Zoning code
C
APN
HANO M:05 L:043
UPID
US38-1473336
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
$7.14M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.89M
Blend (final)
Blend
$8.70M
Owner & transaction history
Cappo Re Holdings LLC · 1 yrs held
Cappo Re Holdings LLC
since 2025
Last sale
$10.5M
7 recorded transactions
Zoning & alternative use
C · Hanover, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Commercial
General category
COMMERCIAL
Zone area
1,176.90 ac
Source
Realmo
Top alternative use upside
Restaurant
$6.6M
+27.5%
Commercial (general)
$5.8M
+11.2%
Industrial (general)
$5.7M
+9.8%
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
$8,475,000
ML approach
$7,135,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$6,590,000
Change: +27% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,750,000
Change: +11% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$5,680,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$8.70M
Range $7.83M – $9.57M · ±10% · vs last sale $10.50M (Mar 13 2023)
Last sale anchor
$10.50M
Mar 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
$348 / 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
$75,421
Tax year 2024
Assessed value
$5,607,500
Assessed 2024
Previous assessed
$4,921,500
+13.9% YoY
Effective rate
1.35%
On assessed value
Assessed land
$2,701,800
Assessed improvement
$2,905,700
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2011
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Bathrooms
4
Total area
25,007 SF
Lot
7.88 ac (343,253 SF)
Zoning code
C
APN
HANO M:05 L:043
UPID
US38-1473336
Jurisdiction
HANOVER
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
C · Hanover, MAZoning C · permitted uses
C · Hanover, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Commercial
General category
COMMERCIAL
Zone area
1,176.90 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$6.6M
COMMERCIAL (GENERAL)
Est. value
$5.8M
INDUSTRIAL (GENERAL)
Est. value
$5.7M
RESTAURANT
COMMERCIAL (GENERAL)
INDUSTRIAL (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
2011
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Bathrooms
4
Lot
7.88 ac
Current owner
From public records · entity-resolved
Cappo Re Holdings LLC
Entity
Mailing address
46352 MICHIGAN AVE, CANTON, MI 48188-2579
Ownership since
2025
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
Jul 30, 2025
—
Cappo Re Holdings LLC
Cappo Properties LLC
Quitclaim Deed
related
—
May 22, 2023
—
Cappo Re Holdings LLC
—
Deed
related
$6,400,000 · Amer Honda Fin Corp
Mar 13, 2023
—
Cappo Re Holdings LLC
Cars Mti-1llc
Quit Claim Deed
related
—
Jul 8, 2019
—
Cars Mti 1 LP
Car Grb Han LLC
Quit Claim Deed
related
—
Mar 7, 2018
—
Car Grb Ma Han LLC
—
Deed
related
$690,000,000 · Barclays Bk Delaware
Mar 6, 2018
—
Car Grb Ma Han LLC
—
Deed
related
$999,999,999 · Barclays Bk Delaware
Dec 4, 2017
$10,500,000
Car Grb Ma Han LLC
Prime Infiniti Real Est
Quit Claim Deed
—
Jun 30, 2016
—
Prime Infiniti Real Es
—
Deed
related
$1,425,000 · East Boston Savings Bank
Jun 1, 2011
$2,750,000
Prime Infiniti Re LLC
Wright Ft
Grant Deed
$5,702,000 · Worth Funding INC
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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