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Property profile & analytics
OFF-MARKET
Estimated value
$18,120,000
Retail properties & Spaces
2994 Cranberry Hwy East Wareham, MA 02538-1336
Entity Owned
21-yr Hold
Free & Clear
Property ID
US38-0521281
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
2003
Construction
STEEL FRAME
Total area
116,476 SF
Lot
13.22 ac (575,863 SF)
APN
WARE M:00129 B:000 L:01138
UPID
US38-0521281
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
$13.07M
Blend (final)
Blend
$18.12M
Owner & transaction history
Hd Dev Of Maryland INC · 21 yrs held
Hd Dev Of Maryland INC
since 2004
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$26.4M
+9.5%
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 East Wareham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Wareham 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
Alternative Use
Use
Estimation
RETAIL STORES
$24,165,000
Current use
INDUSTRIAL (GENERAL)
$26,445,000
Change: +9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$24,085,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$23,530,000
Change: -3% · Conversion: Easy
COMMERCIAL (GENERAL)
$21,210,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$18.12M
Range $16.31M – $19.93M · ±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
$156 / 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
$140,089
Tax year 2024
Assessed value
$12,474,500
Assessed 2024
Previous assessed
$12,474,500
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$4,516,600
Assessed improvement
$7,957,900
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
2003
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Rooms
8
Bathrooms
4
Total area
116,476 SF
Lot
13.22 ac (575,863 SF)
APN
WARE M:00129 B:000 L:01138
UPID
US38-0521281
Jurisdiction
WAREHAM
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$24.2M
INDUSTRIAL (GENERAL)
Est. value
$26.4M
AUTO REPAIR, GARAGE
Est. value
$24.1M
OFFICE BUILDING
Est. value
$23.5M
COMMERCIAL (GENERAL)
Est. value
$21.2M
RETAIL STORES Current
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2003
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Rooms
8
Bathrooms
4
Lot
13.22 ac
Current owner
From public records · entity-resolved
Hd Dev Of Maryland INC
Entity
Free & Clear · 21 yrs held
Mailing address
PO BOX 105842, ATLANTA, GA 30348-5842
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2004
$1
Hd Dev Of Maryland INC
Home Depot USA INC
Grant Deed
related
—
Feb 28, 2003
$4,650,000
Home Depot USA INC
Truran,douglas W
Grant Deed
—
Feb 28, 2003
$1
2992 Cranberry Highway Ll
Truran,douglas W
Grant Deed
related
—
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.
Try Rey
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