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Property profile & analytics
OFF-MARKET
Estimated value
$1,810,000
Retail properties & Spaces
3137 Cranberry Hwy, East Wareham, MA 02538-4803
Individually Owned
2-yr Hold
Free & Clear
Property ID
US38-1091970
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
2015
Construction
FRAME
Total area
9,354 SF
Lot
1.45 ac (63,162 SF)
APN
WARE M:00008 B:000 L:1025A
UPID
US38-1091970
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.40M
CAP Approach
CAP
$2.37M
Comparable Approach
Comparable
$2.25M
Blend (final)
Blend
$1.81M
Owner & transaction history
Gary Fultheim · 2 yrs held
Gary Fultheim
since 2023
Last sale
$1.7M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.5M
+27.1%
Industrial (general)
$2.1M
+9.5%
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 East Wareham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Wareham 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
$1,395,000
ML approach
$1,400,000
CAP Approach
CAP Return
Estimation
6%
$2,560,000
6.5%
$2,365,000
7%
$2,195,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,940,000
Current use
RESTAURANT
$2,465,000
Change: +27% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,125,000
Change: +9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,935,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$1,890,000
Change: -3% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,705,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$1.81M
Range $1.63M – $1.99M · ±10% · vs last sale $1.73M (Oct 20 2023)
Last sale anchor
$1.73M
Oct 20 2023
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
$194 / 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
$11,302
Tax year 2024
Assessed value
$967,600
Assessed 2024
Previous assessed
$967,600
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$200,600
Assessed improvement
$767,000
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
2015
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
9,354 SF
Lot
1.45 ac (63,162 SF)
APN
WARE M:00008 B:000 L:1025A
UPID
US38-1091970
Jurisdiction
WAREHAM
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
RETAIL STORES Current
Est. value
$1.9M
RESTAURANT
Est. value
$2.5M
INDUSTRIAL (GENERAL)
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.7M
RETAIL STORES Current
RESTAURANT
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2015
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
1.45 ac
Current owner
From public records · entity-resolved
Gary Fultheim
Individual
Free & Clear · 2 yrs held
Mailing address
3137 CRANBERRY HWY, EAST WAREHAM, MA 02538-4803
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2023
$1,729,846
Gary Fultheim
East Wareham LLC
Quit Claim Arm's Length For Ne States
—
Sep 12, 2018
—
East Wareham LLC
Gleneagles Apts LLC
Quit Claim Deed
related
—
Jan 3, 2017
$1,900,000
Gleneagles Apartments LLC
East Wareham Dmp 10 LLC
Quit Claim Deed
—
Oct 15, 2014
$360,000
East Wareham Dmp X LLC
Guy Prestige Propertie
Quit Claim Arm's Length For Ne States
$1,336,000 · First Tennessee Bk NA
Jan 19, 2011
—
3112 Cranberry Highway RT
—
Deed Of Trust
related
$250,000 · William C Roberts
Dec 14, 1998
—
James W Rei
—
Deed Of Trust
related
$40,000 · Rockland Trust Co
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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