New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,350,000
Showrooms
427 Columbia Rd, Hanover, MA 02339-3213
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-1424294
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1960
Construction
STEEL FRAME
Total area
8,400 SF
Lot
1.73 ac (75,359 SF)
Zoning code
B
APN
HANO M:66 L:077
UPID
US38-1424294
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
-
Robert J. Tombari Jr. Law Firm
-
Tombari Law Group Law Firm
-
Law Office of Thomas J. Callahan Law Firm
-
Life Enhancement Psychotherapy Social Worker Life Coach
-
Leshelle D. Woodard, PhD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.35M
CAP Approach
CAP
$1.25M
Comparable Approach
Comparable
$1.49M
Blend (final)
Blend
$1.35M
Owner & transaction history
427 Columbia Hanover LLC · 2 yrs held
427 Columbia Hanover LLC
since 2024
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
B · Hanover, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.2M
+14.7%
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 Hanover submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hanover 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
$1,350,000
ML approach
$1,350,000
CAP Approach
CAP Return
Estimation
6%
$1,350,000
6.5%
$1,250,000
7%
$1,160,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,930,000
Current use
RESTAURANT
$2,215,000
Change: +15% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,905,000
Change: -1% · Conversion: Moderate
RETAIL STORES
$1,745,000
Change: -10% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,735,000
Change: -10% · Conversion: Difficult
OFFICE BUILDING
$1,695,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$1.35M
Range $1.22M – $1.49M · ±10% · vs last sale $1.35M (Jan 5 2024)
Last sale anchor
$1.35M
Jan 5 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
$161 / 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
$15,976
Tax year 2024
Assessed value
$1,187,800
Assessed 2024
Previous assessed
$1,187,800
+0.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$460,200
Assessed improvement
$727,600
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1960
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
1
Units
2
Total area
8,400 SF
Lot
1.73 ac (75,359 SF)
Zoning code
B
APN
HANO M:66 L:077
UPID
US38-1424294
Jurisdiction
HANOVER
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
B · Hanover, MA
Zoning B · permitted uses
B · Hanover, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hanover. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.9M
RESTAURANT
Est. value
$2.2M
INDUSTRIAL (GENERAL)
Est. value
$1.9M
RETAIL STORES
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.7M
COMMERCIAL (GENERAL) Current
RESTAURANT
INDUSTRIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
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
1960
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
1
Units
2
Lot
1.73 ac
Current owner
From public records · entity-resolved
427 Columbia Hanover LLC
Entity
Mailing address
427 COLUMBIA RD, HANOVER, MA 02339-3213
Mailing matches property
Yes
Owner-occupied
Yes
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2024
$1,350,000
427 Columbia Hanover LLC
Tailwind RT
Quit Claim Arm's Length For Ne States
—
Dec 21, 2004
$1,295,000
Tailwind RT
K J RT
Grant Deed
$129,500 · Zeger Corp Pension Trust
Sep 17, 2003
—
K J RT
—
Deed Of Trust
related
$720,000 · Hingham Institute For Savings
Feb 6, 1997
—
Kj RT
—
Deed Of Trust
related
$217,000 · South Shore Econo Dev
Jan 24, 1997
—
Kj RT
—
Deed Of Trust
related
$262,500 · Braintree Savings Bank
May 31, 1996
$315,000
Kj RT
Madden RT
Grant Deed
$393,750 · Braintree Svgs Bk
Oct 4, 1989
—
Madden RT
—
Deed Of Trust
related
$425,000 · Scituate Fsla
Oct 3, 1989
—
Madden RT
—
Deed Of Trust
related
$425,000 · Scituate Fsla
Jul 29, 1988
—
Madden RT
—
Deed Of Trust
related
$350,000 · Bank Of New England
Jul 28, 1988
—
Madden RT
—
Deed Of Trust
related
$350,000 · Bank Of New England NA
Apr 20, 1988
—
Madden RT
—
Deed Of Trust
related
$225,000 · Bank Of New England NA
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 427 Columbia Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
