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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Showrooms
3 Spg St Marion, MA 02738-1503
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US38-0481708
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1974
Construction
FRAME
Total area
2,928 SF
Lot
0.37 ac (16,000 SF)
APN
MARI M:0014 B:0043 L:0000
UPID
US38-0481708
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
-
Marion Dental Health Associates Dental Office
-
Dr. Erin Hoye Dental Office
-
Dr. Joseph Whitney Dental Office
-
William Hoye Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$595k
CAP Approach
CAP
$435k
Comparable Approach
Comparable
$442k
Blend (final)
Blend
$600k
Owner & transaction history
3 Spring Street LLC · 5 yrs held
3 Spring Street LLC
since 2021
Last sale
$600,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$605,000
+13.9%
Auto repair, garage
$605,000
+13.6%
Office building
$590,000
+10.9%
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 Marion submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marion 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
$605,000
ML approach
$595,000
CAP Approach
CAP Return
Estimation
6%
$470,000
6.5%
$435,000
7%
$405,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$535,000
Current use
RETAIL STORES
$605,000
Change: +14% · Conversion: Easy
AUTO REPAIR, GARAGE
$605,000
Change: +14% · Conversion: Difficult
OFFICE BUILDING
$590,000
Change: +11% · Conversion: Easy
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $600k (Apr 29 2021)
Last sale anchor
$600k
Apr 29 2021
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
$205 / 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
$5,661
Tax year 2024
Assessed value
$611,300
Assessed 2024
Previous assessed
$611,300
+0.0% YoY
Effective rate
0.93%
On assessed value
Assessed land
$379,500
Assessed improvement
$231,800
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1974
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
2,928 SF
Lot
0.37 ac (16,000 SF)
APN
MARI M:0014 B:0043 L:0000
UPID
US38-0481708
Jurisdiction
MARION
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
COMMERCIAL (GENERAL) Current
Est. value
$535,000
RETAIL STORES
Est. value
$605,000
AUTO REPAIR, GARAGE
Est. value
$605,000
OFFICE BUILDING
Est. value
$590,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1974
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
3 Spring Street LLC
Entity
Mailing address
3 SPG ST, MARION, MA 02738-1503
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2021
$600,000
3 Spring Street LLC
William J Hoye Ret
Quit Claim Arm's Length For Ne States
$510,000 · Eastern Bank
Jul 12, 2016
—
Hoye,william J Trust
Hoye,william J
Quit Claim Deed
related
—
Apr 21, 1998
$150,000
William J Hoye
Briggs,jean E
Grant Deed
$150,000 · Thomas M Sykes
Oct 25, 1989
—
Earland D Briggs
—
Deed Of Trust
related
$12,020 · Compass Bank For Savings
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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