Financial
Distress signals
Property profile

228 Columbia Rd Hanover, MA 02339

OFF-MARKET
Commercial real estate
Property ID
US38-0357161
38,595 SF Built 1983
Last sale Jun 2017 · $4,500,000
Individually Owned Owner of record is an individual. 9-yr Hold Held for 9 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Columbia Retail Plaza, located at 228 Columbia Road in Hanover, MA, presents a compelling investment opportunity. This 6.35-acre property enjoys a highly desirable location at a major intersection along the North River, connecting the thriving communities from Duxbury to Hingham. The plaza benefits from its strategic position along the Route 53 and 139 corridor, ensuring high visibility and accessibility for potential tenants and customers. The area boasts a high median household income,

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$38k
Tax billed · 2024
Assessed value$2.83M
Assessed improvement$2.83M
Effective rate1.35%

Value estimate

· Sep 2026
$3.77M
$3.39M – $4.15M
Sales comparison$2.42M

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$230/SF
ZIP average, outlier-cleaned · 32 recorded sales of this use type
Observed band · Q1–Q3$152 – $301
Qualifying comparables4

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
BD
JurisdictionHANOVER

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply11.6
Auto Repair Shop8.8
Auto Parts Store8.8

Location

228 Columbia Rd Hanover, MA 02339-2398
County assessor Recorded deeds · 4 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
427 Columbia, Hanover, MA 02339-3213 $1,350,000 Jan 2024 8,400 SF
2103 Washington, Hanover, MA 02339-1621 $1,300,000 Jun 2022 5,942 SF
247 Hanover, Hanover, MA 02339-2208 $205,000 Feb 2021 5,856 SF
1987 Washington, Hanover, MA 02339-1656 $1,205,000 May 2020 4,464 SF
1236 Hanover, Hanover, MA 02339-2025 $500,000 Jan 2020 10,050 SF
1877 Washington, Hanover, MA 02339-1666 $105,000 Apr 2019 48,300 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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