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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Industrial land
27 Water St, Holbrook, MA 02343
Entity Owned
1-yr Hold
Property ID
US38-0860116
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
1890
Construction
WOOD FRAME
Total area
1,320 SF
Lot
1.9 ac (82,764 SF)
Zoning code
I
APN
HOLB M:19 L:017-00-0
UPID
US38-0860116
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
$530k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$515k
Owner & transaction history
Properties R E Co INC · 1 yrs held
Properties R E Co INC
since 2024
Last sale
$500,000
7 recorded transactions
Zoning & alternative use
I · Holbrook, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$425,000
+96.4%
Office building
$385,000
+78.9%
Retail stores
$385,000
+78.6%
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 Holbrook submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Holbrook 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
$530,000
ML approach
$530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$425,000
Change: +96% · Conversion: Easy
OFFICE BUILDING
$385,000
Change: +79% · Conversion: Difficult
RETAIL STORES
$385,000
Change: +79% · Conversion: Moderate
COMMERCIAL (GENERAL)
$340,000
Change: +56% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±10% · vs last sale $500k (Jul 7 2023)
Last sale anchor
$500k
Jul 7 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
$390 / 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
$9,131
Tax year 2024
Assessed value
$343,400
Assessed 2024
Previous assessed
$343,400
+0.0% YoY
Effective rate
2.66%
On assessed value
Assessed land
$340,500
Assessed improvement
$2,900
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Year built
1890
Construction
WOOD FRAME
Heating
HOT WATER
Stories
2
Rooms
6
Bathrooms
1
Total area
1,320 SF
Lot
1.9 ac (82,764 SF)
Zoning code
I
APN
HOLB M:19 L:017-00-0
UPID
US38-0860116
Jurisdiction
HOLBROOK
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
I · Holbrook, MA
Zoning I · permitted uses
I · Holbrook, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Holbrook. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$425,000
OFFICE BUILDING
Est. value
$385,000
RETAIL STORES
Est. value
$385,000
COMMERCIAL (GENERAL)
Est. value
$340,000
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
1890
Construction
WOOD FRAME
Heating
HOT WATER
Stories
2
Rooms
6
Bathrooms
1
Lot
1.9 ac
Current owner
From public records · entity-resolved
Properties R E Co INC
Entity
Mailing address
27 WATER ST, HOLBROOK, MA 02343
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 5, 2024
—
Properties R E Co INC
—
Deed
related
$1,500,000 · South Shore Bank
Jul 23, 2024
—
Properties R E Co INC
Grant Steel Co LLC
Correction Deed
related
—
Jul 7, 2023
$500,000
Properties R E Co INC
Grant Steel Co LLC
Quit Claim Arm's Length For Ne States
—
Dec 19, 2013
$240,000
Grant Steel Co LLC
Meier,kenneth & Nancy
Quit Claim Deed
—
Feb 7, 2003
—
Kenneth Meier
—
Deed Of Trust
related
$133,000 · Brockton Cu
Dec 11, 2000
—
Nancy Meier
—
Deed Of Trust
related
$120,000 · Northeast Mortgage Corp
Jun 7, 1999
$65,000
Stephen E Macauley
Bagley,william E
Grant Deed
—
Apr 9, 1991
—
Kenneth Meier
—
Deed Of Trust
related
$105,000 · Shawmut Mtg Co
Nov 6, 1990
$58,000
Kenneth Meier
Bagley,william E
Grant Deed
—
Oct 21, 1988
—
William E Bagley
—
Deed Of Trust
related
$90,000 · Randolph Savings Bank
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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