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Property profile & analytics
OFF-MARKET
Estimated value
$1,590,000
Banks
40 Central St Wellesley, MA 02482-5806
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US38-0985649
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Lot
0.04 ac (1,565 SF)
APN
WELL M:124 R:087 S:
UPID
US38-0985649
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
-
Jane Neilson, the Pinnacle Group at Douglas Elliman Real Estate Real Estate Agency
-
Wellesley Bank Atm
-
Doug Nahigian Real Estate Real Estate Agency
-
The Chandler Group Real Estate Real Estate Agency
-
Douglas Elliman Real Estate Office in Wellesley, MA Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.59M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.59M
Owner & transaction history
Tp 40 Ctrl St Wellesley L · 1 yrs held
Tp 40 Ctrl St Wellesley L
since 2024
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
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 Wellesley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wellesley 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
$1,590,000
ML approach
$1,590,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.59M
Range $1.43M – $1.75M · ±10% · vs last sale $1.59M (Oct 29 2024)
Last sale anchor
$1.59M
Oct 29 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
—
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
$15,147
Tax year 2024
Assessed value
$1,455,000
Assessed 2024
Previous assessed
$1,440,000
+1.0% YoY
Effective rate
1.04%
On assessed value
Assessed improvement
$1,455,000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Heating
NONE
Lot
0.04 ac (1,565 SF)
APN
WELL M:124 R:087 S:
UPID
US38-0985649
Jurisdiction
WELLESLEY
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
0.04 ac
Current owner
From public records · entity-resolved
Tp 40 Ctrl St Wellesley L
Individual
Mailing address
100 WORCESTER ST, WELLESLEY, MA 02481-3628
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2024
—
Tp 40 Ctrl St Wellesley
—
Deed
related
$800,000 · Cornerstone Bank
Oct 29, 2024
$1,589,000
Tp 40 Ctrl St Wellesley L
Eastern Bank
Deed
—
Feb 29, 2012
—
Frontgate Dev LLC
—
Deed Of Trust
related
$243,750 · Wellesley Cp Bank
Mar 11, 1997
—
Wenger,harold Tr
—
Deed Of Trust
related
$425,000 · Wellesley Cp Bank
Nov 19, 1996
—
Emerson W Hunter
—
Deed Of Trust
related
$120,000 · Wellesley Cp Bank
Jun 14, 1994
—
Salvatore Defazio 3rd
—
Deed Of Trust
related
$425,000 · Wellesley Cp Bank
—
—
20 Westerly LLC
—
Deed Of Trust
related
$1,880,000 · Wellesley Bk
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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