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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Industrial properties
3 Condon Way Ste B Hopedale, MA 01747-2116
Entity Owned
Absentee Owner
Free & Clear
Property ID
US38-2199117
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Year built
2012
Construction
STEEL FRAME
Total area
4,500 SF
Zoning code
LI
APN
HOPE M:0022 B:0032 L:21B
UPID
US38-2199117
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
-
Business Floors Inc General Contractor Renovation Specialist
-
Katie's Limousine Limousine Service Airport Shuttle Service
-
King & Petrie electric inc Electrical Service General Contractor
-
Fire Alarms Electronics & Wireless Store Security Service
-
GreenMed Health (Bike/Boat/Book/etc) Store Cosmetic Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$630k
Comparable Approach
Comparable
$461k
Blend (final)
Blend
$575k
Owner & transaction history
PSP LLC
PSP LLC
Zoning & alternative use
LI · Hopedale, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$705,000
+96.0%
Auto repair, garage
$690,000
+91.7%
Office building
$610,000
+69.9%
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 Hopedale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hopedale 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%
$685,000
6.5%
$630,000
7%
$585,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$360,000
Current use
RETAIL STORES
$705,000
Change: +96% · Conversion: Moderate
AUTO REPAIR, GARAGE
$690,000
Change: +92% · Conversion: Easy
OFFICE BUILDING
$610,000
Change: +70% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$570,000
Change: +58% · Conversion: Difficult
COMMERCIAL (GENERAL)
$495,000
Change: +38% · Conversion: Difficult
WAREHOUSE, STORAGE
$450,000
Change: +25% · Conversion: Easy
Blend value · Realmo final
$575k
Range $518k – $633k · ±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
$128 / 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
$15,563
Tax year 2024
Assessed value
$535,900
Assessed 2024
Previous assessed
$535,900
+0.0% YoY
Effective rate
2.90%
On assessed value
Assessed improvement
$535,900
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
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Status
Off-Market
Year built
2012
Construction
STEEL FRAME
Heating
SPACE
Buildings
1
Stories
1
Bathrooms
2
Total area
4,500 SF
Zoning code
LI
APN
HOPE M:0022 B:0032 L:21B
UPID
US38-2199117
Jurisdiction
HOPEDALE
Zoning & alternative use
LI · Hopedale, MA
Zoning LI · permitted uses
LI · Hopedale, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hopedale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$360,000
RETAIL STORES
Est. value
$705,000
AUTO REPAIR, GARAGE
Est. value
$690,000
OFFICE BUILDING
Est. value
$610,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$570,000
COMMERCIAL (GENERAL)
Est. value
$495,000
WAREHOUSE, STORAGE
Est. value
$450,000
INDUSTRIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
2012
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Buildings
1
Bathrooms
2
Current owner
From public records · entity-resolved
PSP LLC
Entity
Free & Clear · 0 yrs held
Mailing address
52 SHADY LN, DOUGLAS, MA 01516-2243
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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