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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Banks
545 Bay Rd South Hamilton, MA 01982-1008
Individually Owned
9-yr Hold
Free & Clear
Property ID
US38-0851486
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2017
Construction
STEEL FRAME
Total area
3,176 SF
Lot
0.7 ac (30,492 SF)
Zoning code
R1A
APN
HAMI M:49 B:37
UPID
US38-0851486
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
-
Institution for Savings Hamilton Office Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$500k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$583k
Blend (final)
Blend
$540k
Owner & transaction history
Institution For Savings · 9 yrs held
Institution For Savings
since 2016
7 recorded transactions
Zoning & alternative use
R1A · South Hamilton, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$850,000
+120.3%
Auto repair, garage
$410,000
+6.3%
Retail stores
$395,000
+2.7%
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 South Hamilton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Hamilton 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
$500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$385,000
Current use
OFFICE BUILDING
$850,000
Change: +120% · Conversion: Difficult
AUTO REPAIR, GARAGE
$410,000
Change: +6% · Conversion: Difficult
RETAIL STORES
$395,000
Change: +3% · Conversion: Difficult
COMMERCIAL (GENERAL)
$385,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
$170 / 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
$26,205
Tax year 2024
Assessed value
$1,734,300
Assessed 2024
Previous assessed
$1,734,300
+0.0% YoY
Effective rate
1.51%
On assessed value
Assessed land
$365,800
Assessed improvement
$1,368,500
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2017
Construction
STEEL FRAME
Heating
SPACE
Cooling
YES
Buildings
1
Stories
2
Units
1
Rooms
6
Bathrooms
3
Total area
3,176 SF
Lot
0.7 ac (30,492 SF)
Zoning code
R1A
APN
HAMI M:49 B:37
UPID
US38-0851486
Jurisdiction
HAMILTON
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
R1A · South Hamilton, MA
Zoning R1A · permitted uses
R1A · South Hamilton, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South Hamilton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$385,000
OFFICE BUILDING
Est. value
$850,000
AUTO REPAIR, GARAGE
Est. value
$410,000
RETAIL STORES
Est. value
$395,000
COMMERCIAL (GENERAL)
Est. value
$385,000
FINANCIAL BUILDING Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
2017
Construction
STEEL FRAME
Heating
SPACE
Cooling
Yes
Stories
2
Buildings
1
Units
1
Rooms
6
Bathrooms
3
Lot
0.7 ac
Current owner
From public records · entity-resolved
Institution For Savings
Individual
Free & Clear · 9 yrs held
Mailing address
93 STATE ST, NEWBURYPORT, MA 01950-6618
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2016
$670,000
Institution For Savings
Angus LLC
Quit Claim Deed
—
Feb 7, 2005
—
Angus LLC
—
Deed Of Trust
related
$458,000 · Salem Five Cents Savings Bank
Sep 26, 2003
—
Angus LLC
—
Deed Of Trust
related
$70,000 · Salem Five Cents Savings Bank
Jan 10, 2002
$640,000
Hamilton Gardens LLC
Lexis RT
Grant Deed
$480,000 · Salem Five Cents Savings Bank
Jul 28, 1999
—
Lexis RT
—
Deed Of Trust
related
$220,000 · P And K Funding T
Mar 6, 1996
$145,000
Lisa J Chase
Dipaolo,william
Grant Deed
$240,000 · Beverly Cooperative Bank
Mar 6, 1996
—
Lisa J Chase
—
Deed Of Trust
related
$36,000 · Beverly Cooperative Bank
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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