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Property profile & analytics
FOR SALE
Hotels
615 Laurel St, Lee, MA 01238
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-0353897
For Sale
1 / 28
$3,400,000
615 Laurel St, Lee, MA 01238
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL-RESORT
Year built
1903
Construction
FRAME
Total area
7,937 SF
Lot
2 ac (87,120 SF)
Zoning code
RB
APN
LEEE M:007 B:00 L:0000-0011.0
UPID
US38-0353897
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
-
The LakeHouse Inn Hotel & Motel
-
Oasis Bar & Grill Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.32M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.45M
Owner & transaction history
Lakehouse Inn Hldg LLC · 3 yrs held
Lakehouse Inn Hldg LLC
since 2022
Last sale
$3.4M
7 recorded transactions
Zoning & alternative use
RB · Lee, 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 Lee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lee 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
$4,380,000
ML approach
$4,315,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.45M
Range $3.11M – $3.80M · ±10% · vs last sale $3.45M (Dec 6 2022)
Last sale anchor
$3.45M
Dec 6 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
$435 / 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
$19,525
Tax year 2024
Assessed value
$1,737,100
Assessed 2024
Previous assessed
$1,514,700
+14.7% YoY
Effective rate
1.12%
On assessed value
Assessed land
$645,000
Assessed improvement
$1,092,100
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
Hotels
Use group
HOTEL-RESORT
Status
For Sale
Year built
1903
Construction
FRAME
Heating
STEAM
Buildings
1
Stories
3
Total area
7,937 SF
Lot
2 ac (87,120 SF)
Zoning code
RB
APN
LEEE M:007 B:00 L:0000-0011.0
UPID
US38-0353897
Jurisdiction
LEE
Zoning & alternative use
RB · Lee, MA
Zoning RB · permitted uses
RB · Lee, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lee. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1903
Construction
FRAME
Heating
STEAM
Stories
3
Buildings
1
Lot
2 ac
Current owner
From public records · entity-resolved
Lakehouse Inn Hldg LLC
Entity
Mailing address
176 CHURCHILL ST, PITTSFIELD, MA 01201-1233
Mailing matches property
Yes
Owner-occupied
Yes
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2023
—
Lakehouse Inn Hldg LLC
—
Deed
related
$1,066,000 · Bay Colony Development Corp
Dec 6, 2022
$3,448,000
Lakehouse Inn Hldg LLC
Erinterrafirma LLC
Quit Claim Arm's Length For Ne States
$1,725,000 · Cambridge Trust Co
Jun 17, 2016
—
Erinterrafirma LLC
—
Deed
related
$100,000 · Pittsfield Cp Bk
May 1, 2015
$585,000
Erinterrafirma LLC
Td Bank NA
Quit Claim Deed
—
Jan 14, 2015
$460,000
Td Bank NA
Td Bank NA|bjk Fusco INC
Foreclosure
related
—
Jun 13, 2001
—
Bjk Fusco Co INC
—
Deed Of Trust
related
$715,000 · First Massachusetts Bank
Apr 24, 1998
—
Bjk Fusco INC
—
Deed Of Trust
related
$625,000 · City Savings Bank
Apr 10, 1996
$600,000
Bjk Fusco INC
Morris,bernard
Grant Deed
$488,000 · First Natl Bk Berkshr
Apr 10, 1996
—
Bjk Fusco INC
—
Deed Of Trust
related
$122,000 · Zenon Grzybowski
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
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