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Property profile & analytics
OFF-MARKET
Estimated value
$1,825,000
Manufacturing properties
347 Circuit St, Hanover, MA 02339-2036
Individually Owned
29-yr Hold
~
Est. High Equity
Property ID
US38-1506159
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1971
Construction
STEEL FRAME
Total area
20,800 SF
Lot
2.85 ac (124,146 SF)
Zoning code
I
APN
HANO M:52 L:041
UPID
US38-1506159
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
-
FlipPad International Inc. Industrial Manufacturer Production Facility
-
Stoughton Steel Co Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.46M
Blend (final)
Blend
$1.83M
Owner & transaction history
Circuit St. RT · 29 yrs held
Circuit St. RT
since 1996
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
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
$1.83M
Range $1.64M – $2.01M · ±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
$88 / 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
$16,838
Tax year 2024
Assessed value
$1,251,900
Assessed 2024
Previous assessed
$1,154,300
+8.5% YoY
Effective rate
1.34%
On assessed value
Assessed land
$319,200
Assessed improvement
$932,700
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1971
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
20,800 SF
Lot
2.85 ac (124,146 SF)
Zoning code
I
APN
HANO M:52 L:041
UPID
US38-1506159
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
Year built
1971
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
2.85 ac
Current owner
From public records · entity-resolved
Circuit St. RT
Individual
Mailing address
54 KING HL RD, HANOVER, MA 02339-2418
Ownership since
1996
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
Nov 7, 2001
—
Circuit St. RT
—
Deed Of Trust
related
$300,000 · Citizens Bank Of Ma
Nov 15, 1996
$95,000
Circuit St. RT
Denham Ft
Grant Deed
—
Oct 4, 1996
—
Circuit St. RT
—
Deed Of Trust
related
$85,000 · Kenneth C Denham
May 23, 1995
$105,000
Rockland Trust Co
Kelleher,gerald J
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
—
Apr 5, 1995
$105,000
Todd R Raabe
Rockland Trust Co
Grant Deed
$170,000 · Rockland Trust Co
Apr 5, 1995
$100,000
Rockland Trust Co
Kelleher,gerald J
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
—
Dec 29, 1994
$100,000
Rockland Trust Co
Kelleher,gerald J
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
—
Dec 7, 1994
$107,000
Mark E Affsa
Rockland Trust Co
Grant Deed
$52,000 · Rockland Trust Co
Dec 19, 1990
$336,000
Circuit St. RT
Rockland T Co
Grant Deed
$302,400 · Rockland Trust Co
Nov 5, 1990
$400,000
Rockland Trust Co
Lindquist,wallace L
Grant Deed
—
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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