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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Specialty properties
323 Washington St, Wellesley, MA 02481-4913
Individually Owned
13-yr Hold
~
Est. High Equity
Property ID
US38-1817781
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1916
Construction
FRAME
Total area
3,903 SF
Lot
0.36 ac (15,470 SF)
Zoning code
GR
APN
WELL M:074 R:012 S:
UPID
US38-1817781
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
$425k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$786k
Blend (final)
Blend
$605k
Owner & transaction history
Wellesley Historical S · 13 yrs held
Wellesley Historical S
since 2012
7 recorded transactions
Zoning & alternative use
GR · Wellesley, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Wellesley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wellesley 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
$425,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,000,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$605k
Range $545k – $666k · ±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
$155 / 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
Assessed value
$1,445,000
Assessed 2024
Previous assessed
$1,160,000
+24.6% YoY
Assessed land
$842,000
Assessed improvement
$603,000
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1916
Construction
FRAME
Heating
HOT WATER
Stories
2
Units
1
Rooms
12
Bathrooms
5
Total area
3,903 SF
Lot
0.36 ac (15,470 SF)
Zoning code
GR
APN
WELL M:074 R:012 S:
UPID
US38-1817781
Jurisdiction
WELLESLEY
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
GR · Wellesley, MA
Zoning GR · permitted uses
GR · Wellesley, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wellesley. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.0M
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
1916
Construction
FRAME
Heating
HOT WATER
Stories
2
Units
1
Rooms
12
Bathrooms
5
Lot
0.36 ac
Current owner
From public records · entity-resolved
Wellesley Historical S
Individual
Mailing address
229 WASHINGTON ST, WELLESLEY, MA 02481-3105
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2012
$1,047,500
Wellesley Historical S
Washington Street 323
Quit Claim Deed
related
$800,000 · Wellesley Cooperative Bank
Dec 31, 2012
—
Wellesley Historical Soc
—
Deed Of Trust
related
$40,000 · Priscilla Wightman
Oct 1, 2008
$1
Washington Street 323 RT
Zuretti,david L
Grant Deed
—
Jan 8, 2007
—
David L Zuretti
—
Deed Of Trust
related
$100,000 · Bank Of America
Nov 3, 2006
—
David L Zuretti
—
Deed Of Trust
related
$150,000 · Natick Federal Savings Bank
Feb 7, 2006
—
David Zuretti
—
Deed Of Trust
related
$100,000 · Bank Of America
Jan 28, 2004
—
David L Zuretti
—
Deed Of Trust
related
$250,000 · Fleet National Bank
Jul 31, 2003
$850,000
David L Zuretti
Georgia B Collinson T
Grant Deed
$400,000 · Zwi Kohorn
Apr 9, 1999
—
Stanley F Collinson JR.
—
Deed Of Trust
related
$125,000 · Citicorp Mortgage INC
Mar 14, 1988
—
Stanley E Collinson
—
Deed Of Trust
related
$150,000 · Bankboston Development Co LLC
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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