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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Investment properties
550 Falmouth Hwy Falmouth, MA 02540-2115
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US38-0705036
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1951
Construction
FRAME
Total area
3,360 SF
Lot
0.77 ac (33,541 SF)
Zoning code
B3
APN
FALM 24A S:05 P:012 L:000
UPID
US38-0705036
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
-
Ermine Lovell Real Estate Real Estate Agency
-
LaCroix Real Estate- Keller Willams Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$520k
CAP Approach
CAP
$720k
Comparable Approach
Comparable
$607k
Blend (final)
Blend
$575k
Owner & transaction history
550 K2 LLC · 5 yrs held
550 K2 LLC
since 2020
Last sale
$500,000
6 recorded transactions
Zoning & alternative use
B3 · Falmouth, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$760,000
+19.7%
Office building
$740,000
+16.5%
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 Falmouth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Falmouth 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
$600,000
ML approach
$520,000
CAP Approach
CAP Return
Estimation
6%
$780,000
6.5%
$720,000
7%
$670,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$635,000
Current use
RETAIL STORES
$760,000
Change: +20% · Conversion: Easy
OFFICE BUILDING
$740,000
Change: +16% · Conversion: Easy
AUTO REPAIR, GARAGE
$575,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$575k
Range $518k – $633k · ±10% · vs last sale $500k (Aug 17 2020)
Last sale anchor
$500k
Aug 17 2020
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
$171 / 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
$6,024
Tax year 2024
Assessed value
$959,200
Assessed 2024
Previous assessed
$835,000
+14.9% YoY
Effective rate
0.63%
On assessed value
Assessed land
$409,000
Assessed improvement
$550,200
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1951
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
3
Rooms
6
Bathrooms
3
Total area
3,360 SF
Lot
0.77 ac (33,541 SF)
Zoning code
B3
APN
FALM 24A S:05 P:012 L:000
UPID
US38-0705036
Jurisdiction
FALMOUTH
Zoning & alternative use
B3 · Falmouth, MA
Zoning B3 · permitted uses
B3 · Falmouth, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Falmouth. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$635,000
RETAIL STORES
Est. value
$760,000
OFFICE BUILDING
Est. value
$740,000
AUTO REPAIR, GARAGE
Est. value
$575,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1951
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
3
Rooms
6
Bathrooms
3
Lot
0.77 ac
Current owner
From public records · entity-resolved
550 K2 LLC
Entity
Mailing address
550 W FALMOUTH HWY, FALMOUTH, MA 02540-2115
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 17, 2020
$1,300,000
550 K2 LLC
550 W Falmouth Hwy Rlty
Quit Claim Deed
related
$600,000 · Cape Cod Five Cents Svgs Bk
Jun 29, 2007
—
550 West Falmouth Hwy RT
—
Deed Of Trust
related
$2,500,000 · Gary Needham
Sep 21, 2004
$500,000
550 West Falmout Rlty LLC
C H Newton Builders INC
Grant Deed
$375,000 · Plymouth Savings Bank
Jun 11, 1998
—
C H Newton Bldrs INC
—
Deed Of Trust
related
$180,000 · Plymouth Savings Bank
—
—
550 W Falmouth Hwy Realty
—
Deed Of Trust
related
$1,000,000 · Harborone Bk
—
—
550 W Falmouth Hwy Realty
—
Deed Of Trust
related
$3,000,000 · Harborone Bk
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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