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Property profile & analytics
OFF-MARKET
Residential income homes
449 Water St 451, Rockland, MA 02370-1313
Entity Owned
2-yr Hold
Absentee Owner
Property ID
US38-2319458
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
1920
Construction
FRAME
Total area
4,234 SF
Lot
0.45 ac (19,615 SF)
Zoning code
RESIDE
APN
ROCK M:36 B:0 L:105
UPID
US38-2319458
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Burke Dev Recovery LLC · 2 yrs held
Burke Dev Recovery LLC
since 2024
Last sale
$93,500
7 recorded transactions
Zoning & alternative use
RESIDE · Rockland, 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 Rockland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rockland 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$11,705
Tax year 2024
Assessed value
$832,500
Assessed 2024
Previous assessed
$832,500
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$208,500
Assessed improvement
$624,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
1920
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
2
Rooms
16
Bathrooms
5
Total area
4,234 SF
Lot
0.45 ac (19,615 SF)
Zoning code
RESIDE
APN
ROCK M:36 B:0 L:105
UPID
US38-2319458
Jurisdiction
ROCKLAND
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
RESIDE · Rockland, MA
Zoning RESIDE · permitted uses
RESIDE · Rockland, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rockland. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1920
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
2
Rooms
16
Bathrooms
5
Lot
0.45 ac
Current owner
From public records · entity-resolved
Burke Dev Recovery LLC
Entity
Mailing address
12TH OLD COUNTRY WAY, SCITUATE, MA 02066-3774
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 15, 2024
—
Burke Dev Recovery LLC
Burke Development LLC
Quit Claim Deed
related
—
Aug 5, 2016
$425,000
Deutsche Bk Natl T Tr
Deutsche Bk Natl T Co|giannetti,steven
Foreclosure
related
—
Oct 3, 2005
—
Stephen Giannetti
—
Deed Of Trust
related
$432,250 · Option One Mortgage Corp
Oct 27, 2004
—
Stephen Giannetti
—
Deed Of Trust
related
$374,000 · Omega Mortgage Corp
Dec 12, 2003
$1
Stephen Giannetti
Giannetti,stephen J
Grant Deed
related
—
Aug 25, 2003
—
Steven Giannetti
—
Deed Of Trust
related
$275,000 · Omega Mortgage Corp
Jun 24, 2002
—
Steven Giannetti
—
Deed Of Trust
related
$248,000 · National City Mortgage Co
Aug 17, 2001
—
Steven Giannetti
—
Deed Of Trust
related
$9,000 · Raymond A Adelsberg
Jun 18, 2001
—
Stephen Giannetti
—
Deed Of Trust
related
$208,500 · Omega Mortgage Corp
Oct 5, 1999
—
Stephen Giannetti
—
Deed Of Trust
related
$31,500 · Raymond M Adelsberg
Oct 2, 1996
—
Raymond M Adelsberg
—
Deed Of Trust
related
$122,700 · New Fijol Ft
Jun 22, 1993
$93,500
Raymond M Adelsberg
Fhlm
Grant Deed
$88,800 · New Fijol Ft
Apr 17, 1990
—
449 East Water St. RT
—
Deed Of Trust
related
$39,097 · Security Pac Fncl Svc
Mar 13, 1989
—
Edward T Read
—
Deed Of Trust
related
$37,001 · Security Pac Fncl Svc
Jun 9, 1987
—
Edward T Read
—
Deed Of Trust
related
$165,000 · Pioneer Fin Cp Bk
—
—
Burke Dev LLC
—
Deed Of Trust
related
$325,000 · Patricia M Burke
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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