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Property profile & analytics
OFF-MARKET
Estimated value
$2,645,000
Retail properties & Spaces
3 Park St, Rehoboth, MA 02769-2731
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US38-0199041
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,596 SF
Lot
4.11 ac (179,032 SF)
APN
REHO M:00069 B:0099A
UPID
US38-0199041
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
-
Park's Asian Bistro & Sushi Bar Restaurant
-
WONDERLAND SMOKE SHOP (Bike/Boat/Book/etc) Store
-
Studio 12 LLC Gym & Fitness Center
-
Dunkin' Cafe & Coffee Shop
-
Tao Foot Reflexology Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.94M
Blend (final)
Blend
$2.65M
Owner & transaction history
Parks Real Property LLC · 8 yrs held
Parks Real Property LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.9M
+42.7%
Auto repair, garage
$3.0M
+8.5%
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 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
Alternative Use
Use
Estimation
RETAIL STORES
$2,725,000
Current use
RESTAURANT
$3,885,000
Change: +43% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,955,000
Change: +8% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,655,000
Change: -2% · Conversion: Difficult
OFFICE BUILDING
$2,535,000
Change: -7% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,535,000
Change: -7% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,470,000
Change: -9% · Conversion: Easy
WAREHOUSE, STORAGE
$2,195,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$2.65M
Range $2.38M – $2.91M · ±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
$159 / 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
$23,703
Tax year 2024
Assessed value
$2,086,500
Assessed 2024
Previous assessed
$2,086,500
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$359,200
Assessed improvement
$1,727,300
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
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
8
Total area
16,596 SF
Lot
4.11 ac (179,032 SF)
APN
REHO M:00069 B:0099A
UPID
US38-0199041
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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.7M
RESTAURANT
Est. value
$3.9M
AUTO REPAIR, GARAGE
Est. value
$3.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$2.5M
WAREHOUSE, STORAGE
Est. value
$2.2M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
8
Lot
4.11 ac
Current owner
From public records · entity-resolved
Parks Real Property LLC
Entity
Mailing address
3 PARK ST, REHOBOTH, MA 02769-2731
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2018
$2,275,000
Parks Real Property LLC
Lennon Trust
Quit Claim Deed
$1,706,250 · East Boston Svgs Bk
Nov 28, 2012
—
Edward J Lennon
—
Deed Of Trust
related
$1,225,000 · East Boston Savings Bank
May 31, 2012
—
Lennon Investment Group T
—
Deed Of Trust
related
$35,000 · Advanced Real Estate INC
Jul 24, 2009
—
Lennon Investment Grp T
—
Deed Of Trust
related
$250,000 · Harborone Cu
Oct 24, 2008
$550,000
Lennon Invest Grp T
Carter,jane M
Grant Deed
$712,500 · Nationsheritage FCU
May 12, 1988
—
Salim Al Amir
—
Deed Of Trust
related
$150,000 · Durfee Attleboro Bk
—
—
Lennon Investment Group Trust
—
Deed Of Trust
related
$200,000 · East Boston Svgs Bk
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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