Property profile

3082 Cranberry Hwy East Wareham, MA 02538

OFF-MARKET
Motels
Property ID
US38-1648899
4,240 SF 0.26 ac lot Built 1957
Entity Owned 2-yr Hold Free & Clear
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Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1957
Construction FRAME
Total area 4,240 SF
Lot 0.26 ac (11,316 SF)
APN WARE M:00131 B:000 L:01030
UPID US38-1648899

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3082 Cranberry Hwy East Wareham, MA 02538-4804
East Wareham metro Census 545200 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$615k
CAP Approach CAP
$490k
Comparable Approach Comparable
by Request
Blend (final) Blend
$580k

Owner & transaction history

since 2023
Last sale
$720,000
6 recorded transactions
2023
$720,000
2019
$350,000
2002
$230,000
1990
$130,000
1988
$150,000
1987
$150,000

Zoning & alternative use

Top alternative use upside
Office building $655,000 +139.0%
Commercial (general) $520,000 +89.1%
Medical building $505,000 +84.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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