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Property profile & analytics
OFF-MARKET
Estimated value
$780,000
Turn key restaurants
33 Main St Lee, MA 01238-1611
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US38-1825621
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1987
Construction
FRAME
Total area
12,646 SF
Lot
0.41 ac (17,860 SF)
Zoning code
B
APN
LEEE M:018 B:0A L:0000-0058.0
UPID
US38-1825621
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
-
Morgan House Inn & Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$824k
Blend (final)
Blend
$780k
Owner & transaction history
Berkshire Restaurnt Props · 10 yrs held
Berkshire Restaurnt Props
since 2016
7 recorded transactions
Zoning & alternative use
B · Lee, 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 Lee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lee 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
Blend value · Realmo final
$780k
Range $702k – $858k · ±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
$62 / 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
$8,411
Tax year 2024
Assessed value
$748,300
Assessed 2024
Previous assessed
$703,400
+6.4% YoY
Effective rate
1.12%
On assessed value
Assessed land
$167,200
Assessed improvement
$581,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1987
Construction
FRAME
Heating
STEAM
Buildings
1
Stories
3
Total area
12,646 SF
Lot
0.41 ac (17,860 SF)
Zoning code
B
APN
LEEE M:018 B:0A L:0000-0058.0
UPID
US38-1825621
Jurisdiction
LEE
Zoning & alternative use
B · Lee, MA
Zoning B · permitted uses
B · Lee, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lee. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1987
Construction
FRAME
Heating
STEAM
Stories
3
Buildings
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
Berkshire Restaurnt Props
Individual
Mailing address
1827 COUNTY RTE 5TH 5, CANAAN, NY 12029-3113
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2022
—
Berkshire Restaurant Prop
—
Deed
related
$75,000 · Lee Bank
Oct 27, 2016
—
Berkshire Restaurant P
—
Deed
related
$400,000 · Lee Bank
May 10, 2016
$478,500
Berkshire Restaurnt Props
Loring & Loring LLC
Quit Claim Deed
—
May 28, 2008
$400,000
Loring&loring LLC
Morgan House LLC
Grant Deed
$485,000 · Legacy Banks
Apr 29, 2005
$518,000
Morgan House LLC
Kaje Nt
Grant Deed
$432,600 · Greylock FCU
Mar 19, 2002
—
Kaje Nt
—
Deed Of Trust
related
$60,000 · Lee Bank
May 16, 2000
—
Kaje Nt
—
Deed Of Trust
related
$350,000 · Lee Bank
Dec 21, 1998
$300,000
Jaje Nt
Bowen,stuart P
Grant Deed
—
Dec 21, 1998
—
Kaje Nt
—
Deed Of Trust
related
$150,000 · City Svgs Bk Pittsfld
Aug 12, 1997
—
Stuart P Bowen
—
Deed Of Trust
related
$17,152 · F S Whitney & Sons
Nov 3, 1994
—
Bowen,stuart P
—
Grant Deed
related
$341,000 · Great Barrington Savings
Oct 14, 1993
$300,000
Stuart P Bowen
Orford,william R JR
Grant Deed
$296,250 · Lee Bank
Oct 14, 1993
—
Stuart P Bowen
—
Deed Of Trust
related
$20,000 · Zenon Grzybowski
Jun 1, 1988
—
William R Orford JR
—
Deed Of Trust
related
$367,500 · Lee Bank
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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