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Property profile & analytics
OFF-MARKET
Industrial properties
342 Circuit St, Hanover, MA 02339-2144
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US38-1422262
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Lot
23.6 ac (1,028,016 SF)
Zoning code
I
APN
HANO M:61 L:021
UPID
US38-1422262
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
-
CheerFactor Hanover Gym & Fitness Center
-
Island Surf Company Clothing & Fashion Store (Bike/Boat/Book/etc) Store
-
PC Survivors of Massachusetts Recycling Center Waste Management Facility
-
Cheer Essentials Gym & Fitness Center
-
HUB PARKOUR @ CHEER FACTOR Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
4m16 Commerce LLC · 11 yrs held
4m16 Commerce LLC
since 2014
7 recorded transactions
Zoning & alternative use
I · Hanover, 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 Hanover submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hanover 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2023Property tax & assessments
Tax year 2023
Tax billed
$109,983
Tax year 2023
Assessed value
$8,580,000
Assessed 2024
Previous assessed
$8,152,900
+5.2% YoY
Effective rate
1.28%
On assessed value
Assessed land
$2,189,000
Assessed improvement
$6,391,000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Heating
YES
Cooling
YES
Buildings
3
Units
2
Lot
23.6 ac (1,028,016 SF)
Zoning code
I
APN
HANO M:61 L:021
UPID
US38-1422262
Jurisdiction
HANOVER
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
I · Hanover, MA
Zoning I · permitted uses
I · Hanover, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hanover. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
YES
Cooling
Yes
Buildings
3
Units
2
Lot
23.6 ac
Current owner
From public records · entity-resolved
4m16 Commerce LLC
Entity
Mailing address
11 ALDRIN RD, PLYMOUTH, MA 02360-4986
Ownership since
2014
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
Sep 9, 2020
—
4m 16 Commerce LLC
—
Deed
related
$5,000,000 · Bridgewater Savings Bank
Aug 29, 2014
$4,550,000
4m16 Commerce LLC
Circuit Street Ventures
Quit Claim Deed
$2,900,000 · Circuit Street Ventures LLC
Mar 12, 2013
$14,367
Circuit St Ventures LLC
Nathanson,alvin S
Grant Deed
—
Mar 12, 2013
$1
Alvin S Nathanson
Circuit Street St LLC
Grant Deed
related
—
Mar 12, 2013
$5,633
Ct 1 Capital LLC
Nathanson,alvin S
Grant Deed
related
—
Sep 24, 2007
$7,000,000
Circuit St Ventures LLC
Circuit St Venture LLC
Grant Deed
$6,744,850 · Capmark Bank
Aug 29, 2006
$4,650,000
Circuit St Venture LLC
Lr Realty Corp
Deed
$5,000,000 · Td Banknorth Mtg Grp
Sep 12, 1997
—
Lr Realty Corp
—
Deed Of Trust
related
$490,000 · Hz Hanover INC
Aug 13, 1997
$1,000,000
Lr Realty Corp
Quebecor Prtg Halliday
Grant Deed
$950,000 · Plymouth Savings Bank
Aug 13, 1997
—
Lr Realty Corp
—
Deed Of Trust
related
$500,000 · Zwi Kohorn
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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