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Property profile & analytics
OFF-MARKET
Industrial land
45 Water St Lee, MA 01238-9606
Entity Owned
12-yr Hold
Free & Clear
Property ID
US38-1877338
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
0.36 ac (15,682 SF)
Zoning code
CBC
APN
LEEE M:019 B:00 L:0000-0056.0
UPID
US38-1877338
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
S&m Sheds LLC · 12 yrs held
S&m Sheds LLC
since 2013
3 recorded transactions
Zoning & alternative use
CBC · Lee, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this district to create an attractive and desirable entrance to the center of Lee that preserves the existing historical architectural character of the corridor and the surrounding area.
Zone name
Commercial Business Corridor
General category
COMMERCIAL
Zone area
141.85 ac
Source
Realmo
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
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
$1,503
Tax year 2024
Assessed value
$133,700
Assessed 2024
Previous assessed
$124,700
+7.2% YoY
Effective rate
1.12%
On assessed value
Assessed land
$133,700
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Lot
0.36 ac (15,682 SF)
Zoning code
CBC
APN
LEEE M:019 B:00 L:0000-0056.0
UPID
US38-1877338
Jurisdiction
LEE
Zoning & alternative use
CBC · Lee, MAZoning CBC · permitted uses
CBC · Lee, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of this district to create an attractive and desirable entrance to the center of Lee that preserves the existing historical architectural character of the corridor and the surrounding area.
Zone name
Commercial Business Corridor
General category
COMMERCIAL
Zone area
141.85 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
0.36 ac
Current owner
From public records · entity-resolved
S&m Sheds LLC
Entity
Free & Clear · 12 yrs held
Mailing address
211 S STATE RD, SANDISFIELD, MA 01255
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2013
$150,000
S&m Sheds LLC
Drucker,richard
Quit Claim Deed
—
Sep 18, 2012
$125,000
Richard R Drucker
Bush,todd M
Grant Deed
—
Dec 15, 2004
$1
Marcia J Chernov
Bush,marcia J
Grant Deed
related
—
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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