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Property profile & analytics
OFF-MARKET
Estimated value
$2,275,000
Motels
435 Laurel St, Lee, MA 01238-9510
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US38-0797760
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1840
Construction
FRAME
Total area
27,078 SF
Lot
1.8 ac (78,408 SF)
Zoning code
RB
APN
LEEE M:007 B:00 L:0000-0020.0
UPID
US38-0797760
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
-
MINT - Lakeside Indian Dining & Bar Restaurant
-
Boat & Kayak Rentals @ Black Swan Inn Canoe & Kayak Rental Service Boat Rental Service
-
Black Swan Lee - Lenox, Ascend Hotel Collection Hotel & Motel
-
LibertyX Bitcoin ATM Atm
-
ChargePoint Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.53M
Comparable Approach
Comparable
$2.32M
Blend (final)
Blend
$2.28M
Owner & transaction history
M&m Lodging LLC · 7 yrs held
M&m Lodging LLC
since 2019
7 recorded transactions
Zoning & alternative use
RB · Lee, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.8M
+5.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,735,000
6.5%
$2,525,000
7%
$2,345,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,595,000
Current use
OFFICE BUILDING
$3,780,000
Change: +5% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,520,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$2.28M
Range $2.05M – $2.50M · ±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
$84 / 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
$37,340
Tax year 2024
Assessed value
$3,322,100
Assessed 2024
Previous assessed
$3,165,900
+4.9% YoY
Effective rate
1.12%
On assessed value
Assessed land
$345,800
Assessed improvement
$2,976,300
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1840
Construction
FRAME
Heating
ELECTRIC
Buildings
1
Stories
2
Total area
27,078 SF
Lot
1.8 ac (78,408 SF)
Zoning code
RB
APN
LEEE M:007 B:00 L:0000-0020.0
UPID
US38-0797760
Jurisdiction
LEE
Zoning & alternative use
RB · Lee, MA
Zoning RB · permitted uses
RB · 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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$3.6M
OFFICE BUILDING
Est. value
$3.8M
AUTO REPAIR, GARAGE
Est. value
$3.5M
HOTEL/MOTEL Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1840
Construction
FRAME
Heating
ELECTRIC
Stories
2
Buildings
1
Lot
1.8 ac
Current owner
From public records · entity-resolved
M&m Lodging LLC
Entity
Mailing address
435 LAUREL ST, LEE, MA 01238-9510
Ownership since
2019
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
Mar 28, 2019
$4,245,834
M&m Lodging LLC
Black Swan Lodging LLC
Quit Claim Arm's Length For Ne States
$2,315,000 · Middlesex Savings Bank
Dec 27, 2018
—
Black Swan Lodging LLC
—
Deed
related
$3,750,000 · Lee Bank
Mar 31, 2015
$2,700,000
Black Swan Lodging LLC
Jolly LLC
Quit Claim Arm's Length For Ne States
$3,375,000 · Lee Bank
May 13, 2003
—
Jolly LLC
—
Deed Of Trust
related
$100,000 · Lee Bank
Dec 31, 1998
—
Jolly LLC
—
Deed Of Trust
related
$2,320,500 · Lee Bank
Jul 24, 1997
$2,600,000
Jolly LLC
Kish,george L
Grant Deed
$1,900,000 · Thomas A Ricchi
Jul 24, 1997
—
Jolly LLC
—
Grant Deed
related
$450,000 · George L Kish
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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