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Property profile & analytics
OFF-MARKET
Estimated value
$260,000
Specialty properties
40 Macarthur Blvd Bourne, MA 02532-3918
Entity Owned
27-yr Hold
~
Est. High Equity
Property ID
US38-0389769
Property profile
Verified
Property type
Specialty properties
Use group
FUNERAL HOME
Year built
1940
Construction
FRAME
Total area
5,489 SF
Lot
1.14 ac (49,615 SF)
Zoning code
B-2
APN
BOUR M:24.0 P:18
UPID
US38-0389769
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
-
Nickerson-Bourne Funeral Home Social Service Agency
-
Nickerson-Bourne Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$260k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$260k
Owner & transaction history
Keystone Mass INC · 27 yrs held
Keystone Mass INC
since 1999
2 recorded transactions
Zoning & alternative use
B-2 · Bourne, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of B-2 district is to accommodate general business development in areas serviced by major traffic arteries, and where conflict with residential development will not be substantia.
Zone name
Business
General category
COMMERCIAL
Zone area
1,066.68 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 Bourne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bourne 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
$260,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$260k
Range $234k – $286k · ±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
$47 / 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
$6,086
Tax year 2024
Assessed value
$758,900
Assessed 2024
Previous assessed
$758,900
+0.0% YoY
Effective rate
0.80%
On assessed value
Assessed land
$565,000
Assessed improvement
$193,900
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
Specialty properties
Use group
FUNERAL HOME
Status
Off-Market
Year built
1940
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
2
Total area
5,489 SF
Lot
1.14 ac (49,615 SF)
Zoning code
B-2
APN
BOUR M:24.0 P:18
UPID
US38-0389769
Jurisdiction
BOURNE
Zoning & alternative use
B-2 · Bourne, MAZoning B-2 · permitted uses
B-2 · Bourne, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of B-2 district is to accommodate general business development in areas serviced by major traffic arteries, and where conflict with residential development will not be substantia.
Zone name
Business
General category
COMMERCIAL
Zone area
1,066.68 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1940
Construction
FRAME
Heating
FORCED AIR
Stories
2
Buildings
1
Lot
1.14 ac
Current owner
From public records · entity-resolved
Keystone Mass INC
Entity
Mailing address
PO BOX 130548, HOUSTON, TX 77219-0548
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 25, 2005
—
Keystone Massachusett INC
—
Deed Of Trust
related
$15,000,000 · Harris Trust & Savings Bank
Feb 4, 1999
$726,600
Keystone Mass INC
Corvette RT 2
Grant Deed
$100,000 · Zuckerman Family Nomi
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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