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Property profile & analytics
OFF-MARKET
Estimated value
$13,175,000
Hotels
359 Main St Chatham, MA 02633-2425
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-0320947
Property profile
Verified
Property type
Hotels
Use group
HOTEL-RESORT
Year built
1830
Construction
FRAME
Total area
10,624 SF
Lot
0.96 ac (41,903 SF)
Zoning code
GB1
APN
CHAT M:16C B:0083 L:67
UPID
US38-0320947
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
-
Cuvée at Chatham Inn Restaurant
-
Chatham Inn Relais & Châteaux Hotel & Motel Bed & Breakfast
-
pleasant bay village inn Hotel & Motel Bed & Breakfast
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$13.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.18M
Owner & transaction history
Chatham Inn Partners LLC · 2 yrs held
Chatham Inn Partners LLC
since 2024
Last sale
$13.2M
7 recorded transactions
Zoning & alternative use
GB1 · Chatham, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$11.1M
+219.0%
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 Chatham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chatham 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
$13,175,000
ML approach
$13,175,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$11,125,000
Change: +219% · Conversion: Difficult
Blend value · Realmo final
$13.18M
Range $11.86M – $14.49M · ±10% · vs last sale $13.18M (Mar 1 2024)
Last sale anchor
$13.18M
Mar 1 2024
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
$1,240 / 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
$19,621
Tax year 2024
Assessed value
$5,496,200
Assessed 2024
Previous assessed
$5,496,200
+0.0% YoY
Effective rate
0.36%
On assessed value
Assessed land
$1,683,200
Assessed improvement
$3,813,000
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
Hotels
Use group
HOTEL-RESORT
Status
Off-Market
Year built
1830
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
2
Total area
10,624 SF
Lot
0.96 ac (41,903 SF)
Zoning code
GB1
APN
CHAT M:16C B:0083 L:67
UPID
US38-0320947
Jurisdiction
CHATHAM
Zoning & alternative use
GB1 · Chatham, MA
Zoning GB1 · permitted uses
GB1 · Chatham, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chatham. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$11.1M
OFFICE BUILDING
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
1830
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
1
Lot
0.96 ac
Current owner
From public records · entity-resolved
Chatham Inn Partners LLC
Entity
Mailing address
359 MAIN ST, CHATHAM, MA 02633-2425
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2024
$13,175,000
Chatham Inn Partners LLC
Inn Partners LLC
Quit Claim Arm's Length For Ne States
$2,000,000 · Inn Partners LLC
Mar 14, 2022
—
Inn Partners LLC
—
Deed
related
$2,000,000 · United States Small Business Admin
Aug 28, 2017
—
Inn Partners LLC
—
Deed
related
$5,250,000 · Fountainhead Comm
Jul 29, 2015
$4,100,000
Inn Partners LLC
359 Main Street LLC
Quit Claim Arm's Length For Ne States
$1,796,700 · Celtic Bank
Dec 31, 2013
—
359 Main Street LLC
—
Deed Of Trust
related
$440,000 · Jdt Holdings LLC
Dec 3, 2013
$3,050,000
359 Main Street LLC
Deford Properties LLP
Quit Claim Deed
$2,100,000 · Hingham Institute For Savings
Mar 27, 2006
—
Deford Prop LLP
—
Deed Of Trust
related
$1,950,000 · Rockland Trust Co
Jan 6, 1999
$1,550,000
Deford Prop LLP
Cranberry Inn INC
Grant Deed
$1,700,000 · Sears Mortgage Corp
Sep 16, 1988
$400,000
Richard T Morris
359 Main St Nom Tr
Grant Deed
$400,000 · Zenon Grzybowski
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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