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Property profile & analytics
OFF-MARKET
Estimated value
$2,600,000
Retail properties & Spaces
392 Bedford St, Whitman, MA 02382-1822
Individually Owned
~
Est. High Equity
Property ID
US38-0414626
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
2007
Construction
STEEL FRAME
Total area
14,707 SF
Lot
1.98 ac (86,449 SF)
Zoning code
HB
APN
WHIT M:022D B:0009 L:20A
UPID
US38-0414626
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
-
Walgreens Pharmacy Pharmacy
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
Walgreens Pharmacy
-
FedEx OnSite Postal Service Courier Service
-
TD Bank ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.84M
Blend (final)
Blend
$2.60M
Owner & transaction history
Retail Propco Borrower Ll
Retail Propco Borrower Ll
since 2025
7 recorded transactions
Zoning & alternative use
HB · Whitman, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.9M
+27.1%
Industrial (general)
$3.3M
+9.5%
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 Whitman submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Whitman 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
Alternative Use
Use
Estimation
RETAIL STORES
$3,050,000
Current use
RESTAURANT
$3,875,000
Change: +27% · Conversion: Easy
INDUSTRIAL (GENERAL)
$3,340,000
Change: +9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,040,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$2,970,000
Change: -3% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,680,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$2.60M
Range $2.34M – $2.86M · ±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
$177 / 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
$35,249
Tax year 2024
Assessed value
$2,766,800
Assessed 2024
Previous assessed
$2,681,000
+3.2% YoY
Effective rate
1.27%
On assessed value
Assessed land
$583,500
Assessed improvement
$2,183,300
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
2007
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Bathrooms
2
Total area
14,707 SF
Lot
1.98 ac (86,449 SF)
Zoning code
HB
APN
WHIT M:022D B:0009 L:20A
UPID
US38-0414626
Jurisdiction
WHITMAN
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
HB · Whitman, MA
Zoning HB · permitted uses
HB · Whitman, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Whitman. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.1M
RESTAURANT
Est. value
$3.9M
INDUSTRIAL (GENERAL)
Est. value
$3.3M
AUTO REPAIR, GARAGE
Est. value
$3.0M
OFFICE BUILDING
Est. value
$3.0M
COMMERCIAL (GENERAL)
Est. value
$2.7M
RETAIL STORES Current
RESTAURANT
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2007
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Bathrooms
2
Lot
1.98 ac
Current owner
From public records · entity-resolved
Retail Propco Borrower Ll
Individual
Mailing address
PO BOX 182107, COLUMBUS, OH 43218-2107
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2025
—
Retail Propco Borrower
—
Deed
related
$3,170,000 · Ubs Ag Tampa Branch
Oct 1, 2025
—
Retail Propco Borrower Ll
Waltrust Properties INC
Quitclaim Deed
related
$545,000 · Ubs Ag Tampa Branch
Oct 19, 2007
$1
Waltrust Prop INC
Walgreen Eastern Co INC
Grant Deed
—
Oct 19, 2007
$5,775,000
Walgreen Eastern Co INC
Berra Whitman LLC
Grant Deed
—
Dec 28, 2006
$1,272,000
Berra Whitman LLC
Howland Ft LP
Grant Deed
—
Jun 3, 1999
$600,000
Howland Family LP
Thd Donut Delaware INC
Grant Deed
—
Jan 20, 1995
—
Vlg T Tollhouse
—
Deed Of Trust
related
$500,000 · Braintree Svgs Bk
Dec 3, 1987
$100,000
Toll House Village Tr
John T Callahan &
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.
Try Rey
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