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Property profile & analytics
OFF-MARKET
Estimated value
$405,000
Office buildings
439 Columbia Rd Hanover, MA 02339-2393
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US38-1662832
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Construction
FRAME
Total area
4,712 SF
Lot
1.68 ac (73,181 SF)
Zoning code
B
APN
HANO M:66 L:078
UPID
US38-1662832
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
-
Powerhouse Funding Corp. Nmls 1740551 Loan Service Bank
-
Tina Owen Virtual Assistant Accounting Firm Tax Preparation
-
Earth Centric Solar Solar Energy Company
-
Kathleen Cowie Foster Care Service Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$435k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$869k
Blend (final)
Blend
$405k
Owner & transaction history
Sherman Dharma Realty LLC · 1 yrs held
Sherman Dharma Realty LLC
since 2024
Last sale
$900,000
7 recorded transactions
Zoning & alternative use
B · Hanover, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Business
General category
COMMERCIAL
Zone area
49.99 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$1.1M
+13.8%
Retail stores
$980,000
+2.7%
Auto repair, garage
$975,000
+2.4%
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
by Request
ML approach
$435,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$950,000
Current use
COMMERCIAL (GENERAL)
$1,085,000
Change: +14% · Conversion: Easy
RETAIL STORES
$980,000
Change: +3% · Conversion: Moderate
AUTO REPAIR, GARAGE
$975,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$405k
Range $365k – $446k · ±10% · vs last sale $900k (Sep 9 2024)
Last sale anchor
$900k
Sep 9 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
$86 / 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
$11,006
Tax year 2024
Assessed value
$818,300
Assessed 2024
Previous assessed
$746,600
+9.6% YoY
Effective rate
1.34%
On assessed value
Assessed land
$472,900
Assessed improvement
$345,400
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
1988
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
2
Total area
4,712 SF
Lot
1.68 ac (73,181 SF)
Zoning code
B
APN
HANO M:66 L:078
UPID
US38-1662832
Jurisdiction
HANOVER
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
B · Hanover, MAZoning B · permitted uses
B · Hanover, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Business
General category
COMMERCIAL
Zone area
49.99 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$950,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
RETAIL STORES
Est. value
$980,000
AUTO REPAIR, GARAGE
Est. value
$975,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
1988
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
2
Lot
1.68 ac
Current owner
From public records · entity-resolved
Sherman Dharma Realty LLC
Entity
Mailing address
439 COLUMBIA RD, HANOVER, MA 02339-2393
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
Dec 9, 2024
$900,000
Sherman Dharma Realty LLC
Powerhouse Funding Corp
Deed
—
Dec 20, 2021
—
Powerhouse Funding Corp
Columbia 439 Road LLC
Quit Claim Deed
related
—
Sep 16, 2020
—
Columbia 439 Rd LLC
—
Deed
related
$280,000 · Rockland Credit Union
Sep 1, 2010
—
Eric Shearer
—
Deed Of Trust
related
$311,231 · Stears Lending
Aug 3, 2010
—
Barbara A Clarke
—
Deed Of Trust
related
$324,062 · Stears Lending
Oct 15, 2004
$1
439 Columbia Road RT
Valles,alain
Grant Deed
related
—
Apr 30, 2001
$403,000
Alain Valles
Rcc RT
Grant Deed
—
Jul 31, 1992
$220,000
Sykes Ft
Columbia River RT
Grant Deed
—
Mar 27, 1990
—
Columbia River RT
—
Deed Of Trust
related
$260,000 · Us Trust Norfolk
Jun 21, 1989
—
Columbia River RT
—
Deed Of Trust
related
$150,000 · Madison Financial Corp
May 10, 1988
$86,000
Columbia River RT
Mckenney,brian V
Grant Deed
—
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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