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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Individual retail properties
251 Crowell Rd, Chatham, MA 02633-1969
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-1388650
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
1983
Construction
FRAME
Total area
9,140 SF
Lot
1.21 ac (52,840 SF)
Zoning code
GB3
APN
CHAT M:13G B:0004 L:2C
UPID
US38-1388650
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
-
Chatham Health Department Public Health Department
-
Carol Penfield Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$900k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$900k
Owner & transaction history
Blu Re Holdings LLC · 2 yrs held
Blu Re Holdings LLC
since 2024
Last sale
$900,000
5 recorded transactions
Zoning & alternative use
GB3 · Chatham, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Chatham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chatham 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
$900,000
ML approach
$900,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,025,000
Change: 0% · Conversion: Difficult
RESTAURANT
$995,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$935,000
Change: 0% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$925,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$865,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$900k
Range $810k – $990k · ±10% · vs last sale $900k (Apr 19 2024)
Last sale anchor
$900k
Apr 19 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
$98 / 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
$5,411
Tax year 2024
Assessed value
$1,515,800
Assessed 2024
Previous assessed
$1,515,800
+0.0% YoY
Effective rate
0.36%
On assessed value
Assessed land
$472,500
Assessed improvement
$1,043,300
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
1983
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Bathrooms
1
Total area
9,140 SF
Lot
1.21 ac (52,840 SF)
Zoning code
GB3
APN
CHAT M:13G B:0004 L:2C
UPID
US38-1388650
Jurisdiction
CHATHAM
Zoning & alternative use
GB3 · Chatham, MA
Zoning GB3 · permitted uses
GB3 · Chatham, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chatham. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.0M
RESTAURANT
Est. value
$995,000
MEDICAL BUILDING
Est. value
$935,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$925,000
RETAIL STORES
Est. value
$865,000
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1983
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Bathrooms
1
Lot
1.21 ac
Current owner
From public records · entity-resolved
Blu Re Holdings LLC
Entity
Mailing address
251 CROWELL RD, CHATHAM, MA 02633-1969
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 19, 2024
$900,000
Blu Re Holdings LLC
Nye Re Holdings LLC
Quit Claim Arm's Length For Ne States
$1,100,000 · Fall River Five Cents Savings Bank
Apr 19, 2024
—
Blu Re Holdings LLC
—
Deed
related
$50,000 · Fall River Five Cents Savings Bank
Jun 30, 2016
$1,162,500
Nye Real Estate Holdings
Chatham Health Realty Trust
Quit Claim Deed
$880,000 · Bank Of Cape Cod
Feb 28, 2006
$950,000
Chatham Health RT
Tennis RT
Grant Deed
$1,150,000 · Cape Cod Five Cent Bank
Aug 28, 1997
$620,000
Tennis RT
Finn,james T
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.
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