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Property profile & analytics
OFF-MARKET
Investment properties
29-31 Highland Dr, Shutesbury, MA 01072
Individually Owned
37-yr Hold
Property ID
US38-0503868
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1990
Total area
900 SF
Lot
49.72 ac (2,165,803 SF)
Zoning code
RR
APN
SHUT M:M B:0 L:39
UPID
US38-0503868
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
William W Clark JR. · 37 yrs held
William W Clark JR.
since 1989
7 recorded transactions
Zoning & alternative use
RR · Shutesbury, MA
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 Shutesbury submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shutesbury 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2023Property tax & assessments
Tax year 2023
Tax billed
$5,784
Tax year 2023
Assessed value
$322,975
Assessed 2024
Previous assessed
$322,975
+0.0% YoY
Effective rate
1.79%
On assessed value
Assessed land
$90,575
Assessed improvement
$232,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1990
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Rooms
3
Bathrooms
1
Total area
900 SF
Lot
49.72 ac (2,165,803 SF)
Zoning code
RR
APN
SHUT M:M B:0 L:39
UPID
US38-0503868
Jurisdiction
SHUTESBURY
Zoning & alternative use
RR · Shutesbury, MA
Zoning RR · permitted uses
RR · Shutesbury, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Shutesbury. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1990
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Rooms
3
Bathrooms
1
Lot
49.72 ac
Current owner
From public records · entity-resolved
William W Clark JR.
Individual
Mailing address
PO BOX 296, SHUTESBURY, MA 01072-0296
Ownership since
1989
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2004
—
Peter A Gees
—
Deed Of Trust
related
$180,000 · Fleet National Bank
Jun 21, 1993
—
Peter A Geer
—
Deed Of Trust
related
$115,000 · Greenfield Savings Bank
May 28, 1993
—
Peter A Gees
—
Deed Of Trust
related
$100,000 · Fleet Real Estate Funding Corp
Nov 27, 1989
—
Peter A Gees
—
Deed Of Trust
related
$204,000 · Bankboston Development Co LLC
Jul 20, 1989
—
Peter A Gees
—
Deed Of Trust
related
$75,000 · Shawmut Bank Hampshire
Mar 30, 1989
—
Peter A Gees
—
Deed Of Trust
related
$200,000 · Shawmut Bank Hampshire
Feb 17, 1989
$40,000
William W Clark JR.
Gees,peter A
Grant Deed
—
Aug 17, 1988
$22,000
Peter A Gees
Gees,emilie R
Trustees Deed
related
—
Jul 26, 1988
—
Peter A Gees
—
Deed Of Trust
related
$100,000 · Heritage Nis Bank For Savings
Apr 5, 1988
$30,000
Peter A Gees
Gees,emilie R
Grant Deed
related
—
Sep 29, 1987
—
Peter A Gees
—
Deed Of Trust
related
$100,000 · Community Savings Bank
—
—
Peter A Gees
—
Deed Of Trust
related
$242,000 · Citizens Bk/ri
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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