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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Investment properties
283 Nantasket Ave Hull, MA 02045-2909
Individually Owned
39-yr Hold
Property ID
US38-1346981
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1950
Construction
FRAME
Total area
4,839 SF
Lot
0.13 ac (5,859 SF)
Zoning code
BUS
APN
HULL M:00033 P:00039
UPID
US38-1346981
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
$720k
Comparable Approach
Comparable
$857k
Blend (final)
Blend
$730k
Owner & transaction history
Anthony Marchione · 39 yrs held
Anthony Marchione
since 1987
6 recorded transactions
Zoning & alternative use
BUS · Hull, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.0M
+13.9%
Auto repair, garage
$1.0M
+13.6%
Office building
$980,000
+10.9%
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 Hull submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hull 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%
$780,000
6.5%
$720,000
7%
$670,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$880,000
Current use
RETAIL STORES
$1,005,000
Change: +14% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,000,000
Change: +14% · Conversion: Difficult
OFFICE BUILDING
$980,000
Change: +11% · Conversion: Easy
Blend value · Realmo final
$730k
Range $657k – $803k · ±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
$151 / 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
$9,854
Tax year 2024
Assessed value
$845,800
Assessed 2024
Previous assessed
$845,800
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$225,900
Assessed improvement
$619,900
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1950
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
2
Units
3
Rooms
11
Bathrooms
7
Total area
4,839 SF
Lot
0.13 ac (5,859 SF)
Zoning code
BUS
APN
HULL M:00033 P:00039
UPID
US38-1346981
Jurisdiction
HULL
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
BUS · Hull, MA
Zoning BUS · permitted uses
BUS · Hull, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hull. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$880,000
RETAIL STORES
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$1.0M
OFFICE BUILDING
Est. value
$980,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1950
Construction
FRAME
Heating
FORCED AIR
Stories
2
Buildings
1
Units
3
Rooms
11
Bathrooms
7
Lot
0.13 ac
Current owner
From public records · entity-resolved
Anthony Marchione
Individual
Mailing address
624 NANTASKET AVE, HULL, MA 02045-2110
Ownership since
1987
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 11, 2024
—
Marchione RT
—
Deed
related
$155,000 · Marchione Frank
Nov 8, 2019
—
Marchione Trust
—
Deed
related
$50,000 · Rockland Tr
Mar 3, 2010
—
RT Marchione
—
Deed Of Trust
related
$225,000 · Rockland Trust Co
Mar 7, 2008
—
RT Marchione
—
Deed Of Trust
related
$200,000 · Randolph Savings Bank
Apr 10, 1987
$210,000
Anthony Marchione
Bruzzese,peter
Grant Deed
—
—
—
Marchione Trust
—
Deed Of Trust
related
$50,000 · Rockland Tr
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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