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Property profile & analytics
OFF-MARKET
Estimated value
$880,000
Office buildings
31 Hastings St, Mendon, MA 01756-1090
Individually Owned
8-yr Hold
Free & Clear
Property ID
US38-1741069
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1858
Construction
FRAME
Total area
5,028 SF
Lot
1.5 ac (65,340 SF)
Zoning code
C/I
APN
MEND M:11 B:142 P:031
UPID
US38-1741069
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
-
Tarah Doyle Physician Medical Clinic
-
SYNERGY HomeCare Nursing Home Senior Citizen Center
-
rx wellness infusions Gym & Fitness Center Alternative Medicine Practice
-
Jeanie Marino Foster Care Service Social Service Agency
-
WellCheck Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$923k
Blend (final)
Blend
$880k
Owner & transaction history
Peter Coffin · 8 yrs held
Peter Coffin
since 2018
4 recorded transactions
Zoning & alternative use
C/I · Mendon, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$950,000
+38.7%
Retail stores
$790,000
+15.4%
Auto repair, garage
$770,000
+12.8%
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 Mendon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mendon 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
OFFICE BUILDING
$685,000
Current use
RESTAURANT
$950,000
Change: +39% · Conversion: Moderate
RETAIL STORES
$790,000
Change: +15% · Conversion: Moderate
AUTO REPAIR, GARAGE
$770,000
Change: +13% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$635,000
Change: -7% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$605,000
Change: -12% · Conversion: Easy
COMMERCIAL (GENERAL)
$555,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$880k
Range $792k – $968k · ±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
$175 / 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
$10,804
Tax year 2024
Assessed value
$789,200
Assessed 2024
Previous assessed
$789,200
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$207,600
Assessed improvement
$581,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1858
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
1
Rooms
8
Bathrooms
4
Total area
5,028 SF
Lot
1.5 ac (65,340 SF)
Zoning code
C/I
APN
MEND M:11 B:142 P:031
UPID
US38-1741069
Jurisdiction
MENDON
Zoning & alternative use
C/I · Mendon, MA
Zoning C/I · permitted uses
C/I · Mendon, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mendon. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$685,000
RESTAURANT
Est. value
$950,000
RETAIL STORES
Est. value
$790,000
AUTO REPAIR, GARAGE
Est. value
$770,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$635,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$605,000
COMMERCIAL (GENERAL)
Est. value
$555,000
OFFICE BUILDING Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
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
1858
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
1
Rooms
8
Bathrooms
4
Lot
1.5 ac
Current owner
From public records · entity-resolved
Peter Coffin
Individual
Free & Clear · 8 yrs held
Mailing address
3 OLD SAWMILL RD, MENDON, MA 01756-1068
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2018
—
Peter Coffin
Coffin,peter
Quit Claim Deed
related
—
Feb 25, 2015
—
Peter G Coffin
Coffin Peter
Quit Claim Deed
related
—
Dec 30, 1998
—
Julie A Coffin
—
Deed Of Trust
related
$100,000 · Milford National Bank & Trust
Dec 1, 1988
$240,000
Cedar Lodge Rlty Tr
Hemen,paul C
Grant Deed
$200,000 · Home Natl Bk Of Milfd
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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