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Property profile & analytics
OFF-MARKET
Industrial land
35 Limestone Lee, MA 01238
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-1729593
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
2.2 ac (95,832 SF)
Zoning code
OPLI
APN
LEEE M:030 B:00 L:0000-0067.F
UPID
US38-1729593
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
William Brunell · 2 yrs held
William Brunell
since 2024
Last sale
$275,000
3 recorded transactions
Zoning & alternative use
OPLI · Lee, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the OPLI District is to Provide an attractive setting for office, research and development and light industrial uses.
Zone name
Office Park Light Industrial
General category
INDUSTRIAL
Zone area
106.37 ac
Source
Realmo
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
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 2024Property tax & assessments
Tax year 2024
Tax billed
$2,259
Tax year 2024
Assessed value
$201,000
Assessed 2024
Previous assessed
$177,500
+13.2% YoY
Effective rate
1.12%
On assessed value
Assessed land
$201,000
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Lot
2.2 ac (95,832 SF)
Zoning code
OPLI
APN
LEEE M:030 B:00 L:0000-0067.F
UPID
US38-1729593
Jurisdiction
LEE
Zoning & alternative use
OPLI · Lee, MAZoning OPLI · permitted uses
OPLI · Lee, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the OPLI District is to Provide an attractive setting for office, research and development and light industrial uses.
Zone name
Office Park Light Industrial
General category
INDUSTRIAL
Zone area
106.37 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
2.2 ac
Current owner
From public records · entity-resolved
William Brunell
Individual
Mailing address
35 LIMESTONE, LEE, MA 01238
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2025
—
William H Brunell
—
Deed
related
$3,400,000 · Lee Bank
Feb 28, 2024
$275,000
William Brunell
Grodeuce LLC
Quit Claim Arm's Length For Ne States
$192,500 · Lee Bank
Jun 30, 2021
$110,000
Grodeuce LLC
Lee Community Dev Corp
Quit Claim Arm's Length For Ne States
—
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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