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Property profile & analytics
OFF-MARKET
Estimated value
$1,910,000
Investment properties
661 Main St Falmouth, MA 02540-3299
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US38-1802957
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2018
Construction
STEEL FRAME
Total area
17,216 SF
Lot
0.94 ac (40,942 SF)
Zoning code
BR
APN
FALM 47B S:05 P:012 L:000A
UPID
US38-1802957
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
-
Aquatic Brewing Production Facility Brewery & Distillery
-
Falmouth Running Club Sports Field & Court
-
Bella Vita Pole Fitness Gym & Fitness Center
-
Bachelorette/Pole Parties Cape Cod Gym & Fitness Center
-
Sweat Studio Cape Cod Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.14M
Blend (final)
Blend
$1.91M
Owner & transaction history
Bogosian Development L · 8 yrs held
Bogosian Development L
since 2018
7 recorded transactions
Zoning & alternative use
BR · Falmouth, 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,945,000
Change: -10% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,640,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$1.91M
Range $1.72M – $2.10M · ±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
$111 / 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
$14,078
Tax year 2024
Assessed value
$2,241,700
Assessed 2024
Previous assessed
$1,971,900
+13.7% YoY
Effective rate
0.63%
On assessed value
Assessed land
$706,200
Assessed improvement
$1,535,500
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
2018
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
7
Rooms
28
Bathrooms
14
Total area
17,216 SF
Lot
0.94 ac (40,942 SF)
Zoning code
BR
APN
FALM 47B S:05 P:012 L:000A
UPID
US38-1802957
Jurisdiction
FALMOUTH
Zoning & alternative use
BR · Falmouth, MA
Zoning BR · permitted uses
BR · 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
AUTO REPAIR, GARAGE
Est. value
$2.9M
INDUSTRIAL (GENERAL)
Est. value
$2.6M
AUTO REPAIR, GARAGE
INDUSTRIAL (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
2018
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
7
Rooms
28
Bathrooms
14
Lot
0.94 ac
Current owner
From public records · entity-resolved
Bogosian Development L
Entity
Mailing address
367 MAIN ST, EAST FALMOUTH, MA 02536
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2025
—
Bogosian Development LLC
—
Deed
related
$2,700,000 · Main Street Bank (ma)
Jun 18, 2024
—
Bogosian Development LLC
—
Deed
related
$20,000,000 · Jan Co INC
Jun 26, 2018
—
Bogosian Development L
—
Deed
related
$1,749,000 · Main Street Bank (ma)
Jan 5, 2018
$835,000
Bogosian Development L
661 Main Street Real E
Quit Claim Arm's Length For Ne States
$668,000 · Main Street Bank (ga)
Nov 8, 2005
—
661 Main Street Re LLC
—
Deed Of Trust
related
$600,000 · Cape Cod Five Cent Bank
May 13, 2004
$635,000
Main Street Re 661
Oconnor Home Improvement
Grant Deed
$508,000 · Compass Bank For Savings
Dec 21, 2001
$425,000
Hm Improvement O'connor
Af German Co INC
Grant Deed
$340,000 · Falmouth Capital Bank
Mar 1, 1995
—
A F German Co INC
—
Deed Of Trust
related
$187,500 · Rockland Trust Co
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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