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Property profile & analytics
FOR LEASE
Office Spaces
269 Hanover St 1 Hanover, MA 02339
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US38-0885959
For Lease
1 / 8
$550/Mo
269 Hanover St,Unit 1, Hanover, MA 02339
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1987
Construction
FRAME
Total area
3,124 SF
Zoning code
BD
APN
HANO M:56 L:009 U:1
UPID
US38-0885959
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
$561k
Blend (final)
Blend
$555k
Owner & transaction history
269 Hanover Depot LLC · 7 yrs held
269 Hanover Depot LLC
since 2019
7 recorded transactions
Zoning & alternative use
BD · Hanover, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$720,000
+13.8%
Retail stores
$650,000
+2.7%
Auto repair, garage
$645,000
+2.4%
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 Hanover submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hanover 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
$630,000
Current use
COMMERCIAL (GENERAL)
$720,000
Change: +14% · Conversion: Easy
RETAIL STORES
$650,000
Change: +3% · Conversion: Moderate
AUTO REPAIR, GARAGE
$645,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$555k
Range $500k – $611k · ±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
$178 / 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
$7,112
Tax year 2024
Assessed value
$528,800
Assessed 2024
Previous assessed
$484,600
+9.1% YoY
Effective rate
1.34%
On assessed value
Assessed improvement
$528,800
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
For Lease
Year built
1987
Construction
FRAME
Heating
BASEBOARD
Cooling
YES
Buildings
1
Stories
3
Units
4
Total area
3,124 SF
Zoning code
BD
APN
HANO M:56 L:009 U:1
UPID
US38-0885959
Jurisdiction
HANOVER
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
BD · Hanover, MAZoning BD · permitted uses
BD · Hanover, MA
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
OFFICE BUILDING Current
Est. value
$630,000
COMMERCIAL (GENERAL)
Est. value
$720,000
RETAIL STORES
Est. value
$650,000
AUTO REPAIR, GARAGE
Est. value
$645,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
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
1987
Construction
FRAME
Heating
BASEBOARD
Cooling
Yes
Stories
3
Buildings
1
Units
4
Current owner
From public records · entity-resolved
269 Hanover Depot LLC
Entity
Mailing address
269 HANOVER ST, HANOVER, MA 02339-2245
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2019
$825,000
269 Hanover Depot LLC
Hanover Depot RT
Quit Claim Arm's Length For Ne States
$415,000 · Walpole Cooperative Bank
Apr 10, 2014
$250,000
Hanover Depot RT
Hanover Station LLC
Quit Claim Arm's Length For Ne States
$200,000 · Holbrook Cp Bk
Nov 12, 2004
$1
Hanover Station LLC
Hanover Station RT
Grant Deed
related
—
May 2, 2001
—
Hanover Station RT
—
Deed Of Trust
related
$224,250 · Citizens Bank Of Ma
Feb 23, 2001
$299,000
Hanover Station RT
Benchmark RT
Grant Deed
—
Jul 10, 2000
—
Benchmark RT
—
Deed Of Trust
related
$235,000 · Rockland Trust Co
Apr 27, 1995
—
Benchmark RT
—
Deed Of Trust
related
$185,000 · Braintree Savings Bank
Jun 29, 1987
$361,044
Benchmark RT
Merchants Sq Trust
Grant Deed
$250,000 · Bankboston Development Co LLC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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