Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,585,000
Warehouses
59 Technology Park Dr East Falmouth, MA 02536-4442
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0362546
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1995
Construction
STEEL FRAME
Total area
11,440 SF
Lot
3.5 ac (152,299 SF)
Zoning code
LIB
APN
FALM 15 S:04 P:027A L:031
UPID
US38-0362546
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
$1.52M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.59M
Owner & transaction history
Republic Realty LLC · 4 yrs held
Republic Realty LLC
since 2022
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
LIB · East Falmouth, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.5M
+283.9%
Commercial (general)
$1.7M
+161.9%
Industrial (general)
$1.7M
+157.4%
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 East Falmouth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East 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
$1,440,000
ML approach
$1,515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,520,000
Change: +284% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,720,000
Change: +162% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,690,000
Change: +157% · Conversion: Easy
RESTAURANT
$1,245,000
Change: +90% · Conversion: Difficult
MEDICAL BUILDING
$1,170,000
Change: +78% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,155,000
Change: +76% · Conversion: Difficult
RETAIL STORES
$1,085,000
Change: +65% · Conversion: Moderate
Blend value · Realmo final
$1.59M
Range $1.43M – $1.74M · ±10% · vs last sale $1.70M (Mar 7 2022)
Last sale anchor
$1.70M
Mar 7 2022
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
$139 / 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
$9,676
Tax year 2024
Assessed value
$1,540,700
Assessed 2024
Previous assessed
$1,116,300
+38.0% YoY
Effective rate
0.63%
On assessed value
Assessed land
$567,300
Assessed improvement
$973,400
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1995
Construction
STEEL FRAME
Heating
SPACE
Cooling
YES
Buildings
1
Units
1
Bathrooms
2
Total area
11,440 SF
Lot
3.5 ac (152,299 SF)
Zoning code
LIB
APN
FALM 15 S:04 P:027A L:031
UPID
US38-0362546
Jurisdiction
FALMOUTH
Zoning & alternative use
LIB · East Falmouth, MA
Zoning LIB · permitted uses
LIB · East Falmouth, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Falmouth. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$1.7M
INDUSTRIAL (GENERAL)
Est. value
$1.7M
RESTAURANT
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
OFFICE BUILDING
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1995
Construction
STEEL FRAME
Heating
SPACE
Cooling
Yes
Buildings
1
Units
1
Bathrooms
2
Lot
3.5 ac
Current owner
From public records · entity-resolved
Republic Realty LLC
Entity
Mailing address
890 BOSTON PROVIDENCE TPKE, NORWOOD, MA 02062-4741
Ownership since
2022
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
Mar 7, 2022
$1,695,000
Republic Realty LLC
Atlantic Marble Rlty LLC
Quit Claim Arm's Length For Ne States
$1,271,000 · Rockland Trust Co
Sep 3, 2014
$1,000,000
Atlantic Marble Rlty LLC
Atlantic RT
Quit Claim Deed
related
$750,000 · Bank Of Cape Cod
Aug 3, 2012
—
Atlantic RT
—
Deed Of Trust
related
$146,000 · Bank Of Cape Cod
Oct 22, 2009
—
Chi M Phan
—
Deed Of Trust
related
$998,000 · Sovereign Bank
Sep 28, 2004
—
Atlantic RT
—
Deed Of Trust
related
$180,000 · Plymouth Savings Bank
Jan 23, 2004
$810,000
Atlantic RT
Carlcorp INC
Grant Deed
$648,000 · Plymouth Savings Bank
Dec 12, 2001
—
Carlcorp INC
—
Deed Of Trust
related
$345,000 · Rockland Trust Co
Mar 1, 2000
—
Carlcorp INC
—
Deed Of Trust
related
$492,000 · Plymouth Savings Bank
Oct 29, 1996
—
Carlcorp INC
—
Deed Of Trust
related
$340,270 · Plymouth Savings Bank
Mar 23, 1995
—
Carlcorp INC
—
Deed Of Trust
related
$288,000 · Plymouth Savings Bank
Jun 28, 1988
$87,500
Carlcorp INC
Falm Economic Dev
Grant Deed
$80,000 · Plymouth Savings 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 59 Technology Park Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
