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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Office buildings
406 Jones Rd, Falmouth, MA 02540-3913
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-1238419
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1956
Construction
FRAME
Total area
1,504 SF
Lot
0.27 ac (11,800 SF)
Zoning code
B3
APN
FALM 39 S:23 P:003 L:036
UPID
US38-1238419
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
-
Murray & MacDonald Insurance Services Inc Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$615k
CAP Approach
CAP
$520k
Comparable Approach
Comparable
$416k
Blend (final)
Blend
$645k
Owner & transaction history
Jabez 2 406 Jones Rd LLC · 4 yrs held
Jabez 2 406 Jones Rd LLC
since 2021
Last sale
$670,000
3 recorded transactions
Zoning & alternative use
B3 · Falmouth, MA
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 Falmouth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Falmouth 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
$640,000
ML approach
$615,000
CAP Approach
CAP Return
Estimation
6%
$560,000
6.5%
$520,000
7%
$480,000
Blend value · Realmo final
$645k
Range $581k – $710k · ±10% · vs last sale $670k (Aug 18 2021)
Last sale anchor
$670k
Aug 18 2021
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
$429 / 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
$4,122
Tax year 2024
Assessed value
$656,400
Assessed 2024
Previous assessed
$574,500
+14.3% YoY
Effective rate
0.63%
On assessed value
Assessed land
$334,500
Assessed improvement
$321,900
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1956
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
3
Total area
1,504 SF
Lot
0.27 ac (11,800 SF)
Zoning code
B3
APN
FALM 39 S:23 P:003 L:036
UPID
US38-1238419
Jurisdiction
FALMOUTH
Zoning & alternative use
B3 · Falmouth, MA
Zoning B3 · permitted uses
B3 · Falmouth, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Falmouth. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1956
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
3
Lot
0.27 ac
Current owner
From public records · entity-resolved
Jabez 2 406 Jones Rd LLC
Entity
Mailing address
550 MACARTHUR BLVD, BOURNE, MA 02532-3839
Ownership since
2021
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
Aug 18, 2021
$670,000
Jabez 2 406 Jones Rd LLC
Charles Murray
Quit Claim Arm's Length For Ne States
$488,000 · Cape Cod Five Cents Savings Bank
May 18, 2018
—
Charles M Murray
Third Ft
Quit Claim Deed
related
—
Oct 27, 1999
—
Third Ft
—
Deed Of Trust
related
$105,000 · Douglas D Macdonald
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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