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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Warehouses
50 Industrial Way, Hanover, MA 02339-2425
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US38-1321897
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1985
Construction
STEEL FRAME
Total area
5,824 SF
Lot
1.68 ac (73,181 SF)
Zoning code
I
APN
HANO M:68 L:063
UPID
US38-1321897
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
-
RGT Enterprises, Inc. Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$650k
Blend (final)
Blend
$560k
Owner & transaction history
50 Industrial Way LLC · 1 yrs held
50 Industrial Way LLC
since 2025
7 recorded transactions
Zoning & alternative use
I · Hanover, 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 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$680,000
Current use
Blend value · Realmo final
$560k
Range $504k – $616k · ±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
$96 / 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
$7,558
Tax year 2024
Assessed value
$561,900
Assessed 2024
Previous assessed
$515,800
+8.9% YoY
Effective rate
1.35%
On assessed value
Assessed land
$241,700
Assessed improvement
$320,200
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1985
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Total area
5,824 SF
Lot
1.68 ac (73,181 SF)
Zoning code
I
APN
HANO M:68 L:063
UPID
US38-1321897
Jurisdiction
HANOVER
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
I · Hanover, MA
Zoning I · permitted uses
I · Hanover, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hanover. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$680,000
WAREHOUSE, STORAGE Current
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
1985
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Lot
1.68 ac
Current owner
From public records · entity-resolved
50 Industrial Way LLC
Entity
Mailing address
50 INDUSTRIAL WAY, HANOVER, MA 02339-2425
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Jun 13, 2025
$900,000
50 Industrial Way LLC
Uptop Realty Corp
Deed
$720,000 · South Shore Bank
Nov 22, 2016
—
Uptop Realty Corp
—
Deed
related
$450,000 · St Michaels Cu
Jan 19, 2011
$1
Uptop Reslty Corp
Thurston,patrick S
Grant Deed
—
Dec 15, 2010
$1
Patrick S Thurston
Thurston,patrick S Tr
Grant Deed
—
Dec 15, 2010
—
Patrick S Thurston
—
Deed Of Trust
related
$375,000 · South Shore Bank
Jun 30, 1998
—
Richard G Thurston
—
Deed Of Trust
related
$150,000 · Atlantic Bank & Trust Co
Mar 11, 1996
—
Richard G Thurston
—
Deed Of Trust
related
$19,878 · L Robert Desanctis In
Jan 4, 1996
—
Richard G Thurston
—
Deed Of Trust
related
$65,000 · Waban Mortgage Co
Jun 21, 1995
—
Richard G Thurston
—
Deed Of Trust
related
$62,749 · Rockland Trust Co
Jul 29, 1992
—
Richard G Thurston
—
Deed Of Trust
related
$50,000 · Zuckerman Family Nomi
—
—
Uptop Realty Corp
—
Deed Of Trust
related
$450,000 · St Michaels Cu
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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