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Property profile & analytics
OFF-MARKET
Estimated value
$950,000
Investment properties
240 Main St, Bourne, MA 02532-3265
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-1408357
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1855
Construction
FRAME
Total area
4,299 SF
Lot
0.46 ac (20,138 SF)
APN
BOUR M:20.3 P:104
UPID
US38-1408357
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
-
Stomping Grounds Grille Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$950k
CAP Approach
CAP
$925k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$950k
Owner & transaction history
Main240cmc LLC · 2 yrs held
Main240cmc LLC
since 2024
Last sale
$950,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$975,000
+46.0%
Office building
$970,000
+45.3%
Auto repair, garage
$735,000
+10.4%
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 Bourne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bourne 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
$950,000
ML approach
$950,000
CAP Approach
CAP Return
Estimation
6%
$1,000,000
6.5%
$925,000
7%
$855,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$665,000
Current use
RETAIL STORES
$975,000
Change: +46% · Conversion: Easy
OFFICE BUILDING
$970,000
Change: +45% · Conversion: Easy
AUTO REPAIR, GARAGE
$735,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$950k
Range $855k – $1.05M · ±10% · vs last sale $950k (Apr 9 2024)
Last sale anchor
$950k
Apr 9 2024
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
$221 / 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
$4,098
Tax year 2024
Assessed value
$511,000
Assessed 2024
Previous assessed
$511,000
+0.0% YoY
Effective rate
0.80%
On assessed value
Assessed land
$263,600
Assessed improvement
$247,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1855
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
3
Total area
4,299 SF
Lot
0.46 ac (20,138 SF)
APN
BOUR M:20.3 P:104
UPID
US38-1408357
Jurisdiction
BOURNE
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
$665,000
RETAIL STORES
Est. value
$975,000
OFFICE BUILDING
Est. value
$970,000
AUTO REPAIR, GARAGE
Est. value
$735,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1855
Construction
FRAME
Heating
HOT WATER
Stories
3
Buildings
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
Main240cmc LLC
Entity
Mailing address
240 MAIN ST, BOURNE, MA 02532-3265
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 9, 2024
$950,000
Main240cmc LLC
5 Macd LLC
Quit Claim Arm's Length For Ne States
$450,000 · Cape Cod Cooperative Bank
Jan 21, 2022
—
5 Macd LLC
Ralph J Macdougall
Quit Claim Deed
related
—
Jun 7, 2013
—
Ralph J Macdougall
Macdougall,ralph J & Kathleen A
Quit Claim Deed
related
—
Jan 8, 2007
—
Kathleen A Macdougall
—
Deed Of Trust
related
$40,000 · Gary Needham
Jun 8, 2006
—
Kathleen A Macdougall
—
Deed Of Trust
related
$400,000 · Gary Needham
Jul 30, 2003
$385,000
Ralph J Macdougall
Red RT
Grant Deed
$280,000 · Citizens Bank Of Ma
Jan 27, 1998
—
Red RT
—
Deed Of Trust
related
$175,000 · Citizens Bank Of Ma
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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