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Property profile & analytics
OFF-MARKET
Investment properties
53 Chestnut St, Spencer, MA 01562-2577
Entity Owned
1-yr Hold
Free & Clear
Property ID
US38-2527400
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1860
Construction
FRAME
Total area
6,912 SF
Lot
0.06 ac (2,660 SF)
APN
SPEN M:00U07 B:00235 L:00000
UPID
US38-2527400
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
Chestnut Op LLC · 1 yrs held
Chestnut Op LLC
since 2025
7 recorded transactions
Zoning & alternative use
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 Spencer submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spencer 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
$1,905
Tax year 2024
Assessed value
$166,500
Assessed 2024
Previous assessed
$166,500
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$33,800
Assessed improvement
$132,700
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1860
Construction
FRAME
Heating
NONE
Buildings
1
Stories
4
Units
2
Total area
6,912 SF
Lot
0.06 ac (2,660 SF)
APN
SPEN M:00U07 B:00235 L:00000
UPID
US38-2527400
Jurisdiction
SPENCER
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1860
Construction
FRAME
Heating
NONE
Stories
4
Buildings
1
Units
2
Lot
0.06 ac
Current owner
From public records · entity-resolved
Chestnut Op LLC
Entity
Free & Clear · 1 yrs held
Mailing address
200 LINCOLN ST STE #402, BOSTON, MA 02111-2423
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2026
—
Chestnut Op LLC
—
Deed
related
$1,625,000 · Mechanics Cooperative Bank
Jun 26, 2025
$300,000
Chestnut Op LLC
Spencer Real Estate LLC
Deed
—
Jul 31, 2012
$41,000
Spencer Real Estates LLC
Rowan RT
Grant Deed
—
Mar 29, 2011
$1
Rewan RT
53 Chestnut St RT
Grant Deed
—
Apr 16, 2010
$1
53 Chestnut Street RT
Oklahoma Heritage RT
Grant Deed
—
Sep 4, 2008
$1
Oklahoma Heritage RT
Gerace,scott T
Grant Deed
—
Jun 20, 2001
$110,000
Scott T Gerace
Brayton,shelby
Grant Deed
$29,330 · Carpenter Trust
Jun 20, 2001
—
Scott T Gerace
—
Deed Of Trust
related
$29,330 · Carpenter Trust
Sep 18, 1998
—
Shelby T Brayton
—
Deed Of Trust
related
$70,000 · Carpenter Trust
May 27, 1998
—
Shelby Brayton
—
Deed Of Trust
related
$10,000 · Cooke Properties&inve
Nov 14, 1997
$96,000
Shelby Brayton
Cooke Prop&investments
Grant Deed
$76,800 · Zenon Grzybowski
Aug 20, 1997
$15,000
Shaawn Cooke
Beaudreau,louise T
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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