Property profile

283 Columbia Rd Hanover, MA 02339

OFF-MARKET
Grocery and convenience stores
Property ID
US38-1036192
27,734 SF 3.62 ac lot Built 2021
Entity Owned 10-yr Hold Free & Clear
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Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 2021
Construction FRAME
Total area 27,734 SF
Lot 3.62 ac (157,687 SF)
Zoning code B
APN HANO M:57 L:086
UPID US38-1036192

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Cafe & Coffee Shop
  • Specialty Food Shop Wine and Liquor Store
  • Restaurant
  • Bank Loan Service
  • Restaurant

Location

283 Columbia Rd Hanover, MA 02339-2147
Hanover metro Census 503102 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.83M

Owner & transaction history

since 2016
2 recorded transactions
2016
$1.2M
2014
$75,000

Zoning & alternative use

B · Hanover, MA
General category COMMERCIAL
Top alternative use upside
Commercial (general) $6.4M +10.8%
Industrial (general) $6.3M +9.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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