New search
Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Residential income homes
241 Elm St, Halifax, MA 02338-1219
Entity Owned
7-yr Hold
Free & Clear
Property ID
US38-1009333
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
2012
Construction
FRAME
Total area
3,568 SF
Lot
0.92 ac (40,006 SF)
Zoning code
RESID
APN
HALI M:15 P:11 E:1
UPID
US38-1009333
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
by Request
Comparable Approach
Comparable
$505k
Blend (final)
Blend
$560k
Owner & transaction history
241 Elm St Halifax LLC · 7 yrs held
241 Elm St Halifax LLC
since 2019
6 recorded transactions
Zoning & alternative use
RESID · Halifax, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$555,000
+76.2%
Commercial (general)
$450,000
+43.0%
Medical building
$425,000
+36.0%
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 Halifax submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Halifax 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$555,000
Change: +76% · Conversion: Moderate
COMMERCIAL (GENERAL)
$450,000
Change: +43% · Conversion: Moderate
MEDICAL BUILDING
$425,000
Change: +36% · Conversion: Moderate
RETAIL STORES
$380,000
Change: +22% · Conversion: Difficult
AUTO REPAIR, GARAGE
$370,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$560k
Range $504k – $616k · ±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
$157 / 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
$14,275
Tax year 2024
Assessed value
$991,300
Assessed 2024
Previous assessed
$991,300
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$166,400
Assessed improvement
$824,900
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
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
2012
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Rooms
13
Bathrooms
2
Total area
3,568 SF
Lot
0.92 ac (40,006 SF)
Zoning code
RESID
APN
HALI M:15 P:11 E:1
UPID
US38-1009333
Jurisdiction
HALIFAX
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
RESID · Halifax, MA
Zoning RESID · permitted uses
RESID · Halifax, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Halifax. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$555,000
COMMERCIAL (GENERAL)
Est. value
$450,000
MEDICAL BUILDING
Est. value
$425,000
RETAIL STORES
Est. value
$380,000
AUTO REPAIR, GARAGE
Est. value
$370,000
OFFICE BUILDING
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
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
2012
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Rooms
13
Bathrooms
2
Lot
0.92 ac
Current owner
From public records · entity-resolved
241 Elm St Halifax LLC
Entity
Free & Clear · 7 yrs held
Mailing address
55 WINTHROP ST, REHOBOTH, MA 02769-2652
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2021
—
241 Elm St Halifax LLC
—
Deed
related
$550,000 · Dedham Institution For Savings
Jun 11, 2019
—
241 Elm St Halifax LLC
Poillucci,joseph
Quit Claim Deed
related
—
May 17, 2019
—
Joseph Poillucci
Poillucci,joseph
Quit Claim Deed
related
—
Dec 28, 2018
—
Joseph Poillucci
241 Elm Street LLC
Quit Claim Deed
related
—
Apr 25, 2012
$127,000
241 Elm St Halifax LLC
Johnson,edward
Grant Deed
$625,000 · Mansfield Capital Bank
Dec 23, 2011
$70,000
Edward Johnson
Bosworth,ruth A
Grant Deed
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 241 Elm St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
