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Property profile & analytics
OFF-MARKET
Estimated value
$825,000
Retail properties & Spaces
289 Winthrop St, Rehoboth, MA 02769-1834
Individually Owned
38-yr Hold
~
Est. High Equity
Property ID
US38-1635753
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1954
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,886 SF
Lot
1.5 ac (65,227 SF)
APN
REHO M:00039 B:00038
UPID
US38-1635753
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
-
Cape Shore Pools General Contractor
-
Live Earth New England, Inc. Landscaping General Contractor
-
Plaza Pizza Restaurant
-
Alphabet Tree Preschool High School Daycare Center
-
1-10 Smoke Shop & Hookah Lounge (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$803k
Blend (final)
Blend
$825k
Owner & transaction history
Levon Kaian · 38 yrs held
Levon Kaian
since 1988
7 recorded transactions
Zoning & alternative use
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 Rehoboth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rehoboth 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
Blend value · Realmo final
$825k
Range $743k – $908k · ±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
$76 / 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
$10,283
Tax year 2024
Assessed value
$905,200
Assessed 2024
Previous assessed
$905,200
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$138,600
Assessed improvement
$766,600
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1954
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
7
Bathrooms
4
Total area
10,886 SF
Lot
1.5 ac (65,227 SF)
APN
REHO M:00039 B:00038
UPID
US38-1635753
Jurisdiction
REHOBOTH
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1954
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
7
Bathrooms
4
Lot
1.5 ac
Current owner
From public records · entity-resolved
Levon Kaian
Individual
Mailing address
814 LATEN KNIGHT RD, CRANSTON, RI 02921-3215
Ownership since
1988
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
May 16, 2005
—
Kaian Prop INC
—
Deed Of Trust
related
$500,000 · Greenpoint Mortgage Funding
May 10, 2001
—
Kaian Prop INC
—
Deed Of Trust
related
$350,000 · First Trust Union Bank
Oct 1, 1999
—
Levon Kaian
—
Deed Of Trust
related
$50,000 · Bankboston Development Co LLC
Aug 13, 1999
—
Levon Kaian
—
Deed Of Trust
related
$100,000 · Bankboston Development Co LLC
Apr 5, 1993
—
Levon Kaian
—
Deed Of Trust
related
$60,000 · Sonia Arslanian
Apr 30, 1992
—
Levan Kaian
—
Deed Of Trust
related
$55,339 · Sabatino Corrado
Mar 6, 1989
—
Levon Kaian
—
Deed Of Trust
related
$50,000 · Peoples Bank Holyoke
Feb 11, 1988
$115,000
Levon Kaian
Corrado Ft
Grant Deed
$79,200 · Zenon Grzybowski
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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