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Property profile & analytics
FOR LEASE
Office buildings
2302 Gar Hwy, Swansea, MA 02777
Entity Owned
10-yr Hold
Property ID
US38-0905570
For Lease
1 / 3
$2,000/Mo
2302 Gar Hwy, Swansea, MA 02777
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2017
Construction
FRAME
Total area
3,096 SF
Lot
1.34 ac (58,370 SF)
Zoning code
C
APN
SWAN M:036.0 B:0010 L:00000
UPID
US38-0905570
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
by Request
CAP Approach
CAP
$835k
Comparable Approach
Comparable
$713k
Blend (final)
Blend
$775k
Owner & transaction history
2302 Gar Property LLC · 10 yrs held
2302 Gar Property LLC
since 2016
7 recorded transactions
Zoning & alternative use
C · Swansea, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$740,000
+56.2%
Auto repair, garage
$550,000
+16.5%
Retail stores
$510,000
+7.4%
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 Swansea submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Swansea 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%
$905,000
6.5%
$835,000
7%
$775,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$475,000
Current use
COMMERCIAL (GENERAL)
$740,000
Change: +56% · Conversion: Easy
AUTO REPAIR, GARAGE
$550,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$510,000
Change: +7% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$475,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$775k
Range $698k – $853k · ±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
$250 / 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
$16,377
Tax year 2024
Assessed value
$891,000
Assessed 2024
Previous assessed
$815,200
+9.3% YoY
Effective rate
1.84%
On assessed value
Assessed land
$281,000
Assessed improvement
$610,000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2017
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Rooms
13
Bathrooms
2
Total area
3,096 SF
Lot
1.34 ac (58,370 SF)
Zoning code
C
APN
SWAN M:036.0 B:0010 L:00000
UPID
US38-0905570
Jurisdiction
SWANSEA
Zoning & alternative use
C · Swansea, MA
Zoning C · permitted uses
C · Swansea, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Swansea. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$475,000
COMMERCIAL (GENERAL)
Est. value
$740,000
AUTO REPAIR, GARAGE
Est. value
$550,000
RETAIL STORES
Est. value
$510,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$475,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
2017
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Rooms
13
Bathrooms
2
Lot
1.34 ac
Current owner
From public records · entity-resolved
2302 Gar Property LLC
Entity
Mailing address
54 HIGHLAND AVE, BARRINGTON, RI 02806-4700
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2022
—
2302 Gar Property LLC
—
Deed
related
$346,500 · Td Bank NA
Sep 28, 2021
—
2302 Gar Prop LLC
—
Deed
related
$367,985 · Td Bank NA
Sep 20, 2021
—
2302 Gar Prop LLC
—
Deed
related
$367,985 · Td Bank NA
Jun 7, 2016
—
2302 Gar Property LLC
Sefranek,h Michael
Quit Claim Deed
related
$409,000 · Granite St Economic Dev
May 28, 2014
$200,000
H M Sefranek
Faddis Ft
Quit Claim Deed
—
May 28, 2014
—
H M Sefranek
Faddis Ft
Quit Claim Deed
related
—
Dec 23, 2004
$1
Ft Faddis
Faddis,frances
Grant Deed
related
—
Dec 3, 2004
$1
Ft Faddis
Faddis,frances
Grant Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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