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Property profile & analytics
OFF-MARKET
Turn key restaurants
61 Mechanic St, Bellingham, MA 02019-1633
Individually Owned
16-yr Hold
~
Est. High Equity
Property ID
US38-0176517
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1987
Construction
CONCRETE
Total area
3,800 SF
Lot
0.51 ac (22,176 SF)
Zoning code
BUS1
APN
BELL M:0050 B:0087 L:0000
UPID
US38-0176517
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
-
Eclips Hair & Nail Salon Hair Salon Nail Salon
-
Joff's Backyard Grill Restaurant
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
Fama RT · 16 yrs held
Fama RT
since 2009
6 recorded transactions
Zoning & alternative use
BUS1 · Bellingham, 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 Bellingham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bellingham 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
$11,332
Tax year 2024
Assessed value
$611,900
Assessed 2024
Previous assessed
$611,900
+0.0% YoY
Effective rate
1.85%
On assessed value
Assessed land
$248,100
Assessed improvement
$363,800
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1987
Construction
CONCRETE
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
2
Bathrooms
3
Total area
3,800 SF
Lot
0.51 ac (22,176 SF)
Zoning code
BUS1
APN
BELL M:0050 B:0087 L:0000
UPID
US38-0176517
Jurisdiction
BELLINGHAM
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
BUS1 · Bellingham, MA
Zoning BUS1 · permitted uses
BUS1 · Bellingham, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bellingham. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1987
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
2
Bathrooms
3
Lot
0.51 ac
Current owner
From public records · entity-resolved
Fama RT
Individual
Mailing address
1 RICH RD, MILFORD, MA 01757-5605
Ownership since
2009
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
Mar 4, 2022
—
Fama RT
—
Deed
related
$300,000 · Rockland Trust Co
Dec 29, 2009
$384,500
Fama RT
Hamwey RT
Deed
$75,000 · Milford Natl Bk & Tr
Apr 2, 2004
—
Hamwey RT
—
Deed Of Trust
related
$177,000 · Strata Bank
May 23, 1997
—
Beacon Holdings INC
—
Deed Of Trust
related
$1,280,000 · Raymond C Green INC
Apr 14, 1997
$180,000
Beacon Holdings INC
Beacon Holdings INC
Grant Deed
related
—
Dec 30, 1988
$350,000
Thomas S Clark
Clark,thomas E
Grant Deed
related
$220,000 · Milford 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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