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Property profile & analytics
OFF-MARKET
Retail space
220 Housatonic St, Lee, MA 01238-1303
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US38-0542535
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1970
Total area
2,067 SF
Lot
1.8 ac (78,408 SF)
Zoning code
B
APN
LEEE M:019 B:00 L:0000-0011.0
UPID
US38-0542535
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
-
Canna Provisions Weed Dispensary Lee (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
by Request
Owner & transaction history
Ma Prop Ptrs LLC · 7 yrs held
Ma Prop Ptrs LLC
since 2019
7 recorded transactions
Zoning & alternative use
B · Lee, 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 Lee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lee 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$8,357
Tax year 2024
Assessed value
$743,500
Assessed 2024
Previous assessed
$689,900
+7.8% YoY
Effective rate
1.12%
On assessed value
Assessed land
$188,200
Assessed improvement
$555,300
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1970
Heating
NONE
Buildings
1
Total area
2,067 SF
Lot
1.8 ac (78,408 SF)
Zoning code
B
APN
LEEE M:019 B:00 L:0000-0011.0
UPID
US38-0542535
Jurisdiction
LEE
Zoning & alternative use
B · Lee, MA
Zoning B · permitted uses
B · Lee, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lee. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1970
Heating
NONE
Buildings
1
Lot
1.8 ac
Current owner
From public records · entity-resolved
Ma Prop Ptrs LLC
Entity
Mailing address
380 DWIGHT ST STE #2, HOLYOKE, MA 01040-5890
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 4, 2025
—
Mass Prop Partners LLC
—
Deed
related
$2,464,000 · Cfg Bank
Jan 24, 2022
—
Mass Prop Partners LLC
—
Deed
related
$25,375,000 · Cfg Bank
Oct 4, 2019
—
Mass Prop Ptrs
—
Deed
related
$3,500,000 · Persei Venture LLC
Jan 24, 2019
$917,200
Ma Prop Ptrs LLC
Collins,bartholomew J
Quit Claim Deed
—
Dec 14, 2018
$800,000
Mass Prop Ptrs
Collins,bartholomew J
Quit Claim Deed
—
May 6, 2013
—
Bartholomew J Collins
—
Deed Of Trust
related
$180,000 · Ann O Collins
Oct 2, 2009
$1
Bartholomew J Collins
Collins,bartholomew J
Grant Deed
related
—
Jan 11, 2008
—
Bartholomew J Collins
—
Deed Of Trust
related
$800,000 · Lee Bank
Aug 3, 2006
—
Bartholomew J Collins
—
Deed Of Trust
related
$312,000 · Thomas A Ricchi
Jan 5, 2001
$325,000
Collins,bartholomew J
Sutton,ernest JR
Grant Deed
$180,000 · Thomas A Ricchi
Jan 5, 2001
—
Collins,bartholomew J
—
Grant Deed
related
$100,000 · Thomas A Ricchi
May 15, 1997
—
Ernest Sutton JR.
—
Deed Of Trust
related
$275,000 · Lee Bank
Jun 26, 1996
—
Ernest Sutton JR.
—
Deed Of Trust
related
$150,000 · Lee Bank
Sep 11, 1992
—
Ernest Sutton JR.
—
Deed Of Trust
related
$35,000 · Carol A Sutton
Jan 20, 1988
—
Ernest Sutton JR
—
Deed Of Trust
related
$17,000 · Lee Bank
—
—
Mass Prop Ptrs
—
Deed Of Trust
related
$3,500,000 · Persei Venture LLC
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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