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Property profile & analytics
OFF-MARKET
Estimated value
$1,020,000
Banks
43 Park St, Lee, MA 01238
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-0370034
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,342 SF
Lot
0.43 ac (18,731 SF)
Zoning code
CBC
APN
LEEE M:019 B:0A L:0000-0087.0
UPID
US38-0370034
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
-
Greylock Federal Credit Union Credit Union
-
ATM (Trustco Bank) Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.07M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.02M
Owner & transaction history
Greylock FCU · 3 yrs held
Greylock FCU
since 2023
Last sale
$950,000
6 recorded transactions
Zoning & alternative use
CBC · Lee, 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 Lee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lee 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
$1,115,000
ML approach
$1,070,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.02M
Range $918k – $1.12M · ±10% · vs last sale $950k (Jan 30 2023)
Last sale anchor
$950k
Jan 30 2023
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
$436 / 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
$7,308
Tax year 2024
Assessed value
$650,200
Assessed 2024
Previous assessed
$609,900
+6.6% YoY
Effective rate
1.12%
On assessed value
Assessed land
$168,600
Assessed improvement
$481,600
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
2,342 SF
Lot
0.43 ac (18,731 SF)
Zoning code
CBC
APN
LEEE M:019 B:0A L:0000-0087.0
UPID
US38-0370034
Jurisdiction
LEE
Zoning & alternative use
CBC · Lee, MA
Zoning CBC · permitted uses
CBC · Lee, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lee. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
Greylock FCU
Individual
Mailing address
43 PARK ST, LEE, MA 01238
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2023
$950,000
Greylock FCU
45 Park Street LLC
Foreclosure
related
—
Aug 13, 2004
—
45 Park Street LLC
—
Deed Of Trust
related
$185,000 · Thomas A Ricchi
Feb 6, 2004
$437,500
45 Park St LLC
Seranda RT
Grant Deed
$543,000 · Thomas A Ricchi
Sep 18, 1998
—
Jack RT
—
Deed Of Trust
related
$425,000 · Thomas A Ricchi
Aug 15, 1995
—
Jack RT
—
Deed Of Trust
related
$95,000 · Berkshire Cnty Savings Bank
Jul 8, 1993
$180,000
Jack RT
Cumberland Farms INC
Grant Deed
$470,000 · Berkshire Cnty Savings Bank
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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