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Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Investment properties
231 Elm St, Walpole, MA 02081-1903
Individually Owned
3-yr Hold
Free & Clear
Property ID
US38-0615781
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Total area
2,922 SF
Lot
0.68 ac (29,620 SF)
APN
WALP M:00025 B:00290 L:00000
UPID
US38-0615781
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
-
Walpole Chiropractic Office Alternative Medicine Practice
-
Joseph F. Scimone, DC Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$785k
CAP Approach
CAP
$435k
Comparable Approach
Comparable
$669k
Blend (final)
Blend
$720k
Owner & transaction history
Joseph P Masotta · 3 yrs held
Joseph P Masotta
since 2023
Last sale
$665,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$940,000
+25.8%
Office building
$855,000
+14.6%
Retail stores
$855,000
+14.4%
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 Walpole submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Walpole 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
$820,000
ML approach
$785,000
CAP Approach
CAP Return
Estimation
6%
$470,000
6.5%
$435,000
7%
$405,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$750,000
Current use
AUTO REPAIR, GARAGE
$940,000
Change: +26% · Conversion: Difficult
OFFICE BUILDING
$855,000
Change: +15% · Conversion: Easy
RETAIL STORES
$855,000
Change: +14% · Conversion: Easy
Blend value · Realmo final
$720k
Range $648k – $792k · ±10% · vs last sale $665k (Feb 22 2023)
Last sale anchor
$665k
Feb 22 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
$246 / 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
Assessed value
$688,700
Assessed 2024
Previous assessed
$619,800
+11.1% YoY
Assessed land
$289,500
Assessed improvement
$399,200
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1900
Heating
HOT WATER
Buildings
1
Stories
2
Units
2
Rooms
12
Bathrooms
3
Total area
2,922 SF
Lot
0.68 ac (29,620 SF)
APN
WALP M:00025 B:00290 L:00000
UPID
US38-0615781
Jurisdiction
WALPOLE
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$750,000
AUTO REPAIR, GARAGE
Est. value
$940,000
OFFICE BUILDING
Est. value
$855,000
RETAIL STORES
Est. value
$855,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
1900
Heating
HOT WATER
Stories
2
Buildings
1
Units
2
Rooms
12
Bathrooms
3
Lot
0.68 ac
Current owner
From public records · entity-resolved
Joseph P Masotta
Individual
Free & Clear · 3 yrs held
Mailing address
231 ELM ST, WALPOLE, MA 02081-1903
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 22, 2023
$665,000
Joseph P Masotta
The 2015 Scimone Ft
Quit Claim Arm's Length For Ne States
—
Aug 14, 2015
—
Scimone Family Trust
Scimone,joseph F & Mary L
Quit Claim Deed
related
—
Feb 2, 1994
—
Joseph F Scimone JR.
—
Deed Of Trust
related
$164,000 · Walpole Coop Bank
Jan 21, 1992
—
Joseph F Scimone JR.
—
Deed Of Trust
related
$177,500 · Baybank Mtg Corp
Jan 7, 1988
$200,000
Joseph F Scimone JR.
Murphy,james R
Grant Deed
$180,000 · Zuckerman Family Nomi
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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