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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Office buildings
683 State Rd, Westport, MA 02790-2848
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US38-0918033
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1956
Construction
FRAME
Total area
3,478 SF
Lot
0.31 ac (13,447 SF)
Zoning code
R1
APN
WPOR M:24 L:88
UPID
US38-0918033
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$546k
Blend (final)
Blend
$645k
Owner & transaction history
Patricia Rosselli Realty · 7 yrs held
Patricia Rosselli Realty
since 2019
5 recorded transactions
Zoning & alternative use
R1 · Westport, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$620,000
+16.5%
Retail stores
$570,000
+7.4%
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 Westport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westport 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
OFFICE BUILDING
$530,000
Current use
AUTO REPAIR, GARAGE
$620,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$570,000
Change: +7% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$530,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$520,000
Change: -2% · Conversion: Easy
WAREHOUSE, STORAGE
$460,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$645k
Range $581k – $710k · ±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
$185 / 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
$4,272
Tax year 2024
Assessed value
$552,700
Assessed 2024
Previous assessed
$552,700
+0.0% YoY
Effective rate
0.77%
On assessed value
Assessed land
$191,800
Assessed improvement
$360,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1956
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
1
Total area
3,478 SF
Lot
0.31 ac (13,447 SF)
Zoning code
R1
APN
WPOR M:24 L:88
UPID
US38-0918033
Jurisdiction
WESTPORT
Zoning & alternative use
R1 · Westport, MA
Zoning R1 · permitted uses
R1 · Westport, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Westport. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$530,000
AUTO REPAIR, GARAGE
Est. value
$620,000
RETAIL STORES
Est. value
$570,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$530,000
COMMERCIAL (GENERAL)
Est. value
$520,000
WAREHOUSE, STORAGE
Est. value
$460,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1956
Construction
FRAME
Heating
HOT WATER
Stories
1
Buildings
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
Patricia Rosselli Realty
Entity
Mailing address
683 STATE RD, WESTPORT, MA 02790-2848
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2024
—
Patricial Rosselli Rlty
—
Deed
related
$200,000 · Cambridge Savings Bank
Jan 2, 2019
$375,000
Patricia Rosselli Realty
683 St Road LLC
Quit Claim Deed
$309,500 · Bank Of America
Aug 1, 2014
—
683 State Road LLC
Gallant,mark T
Quit Claim Deed
related
—
Jun 6, 2001
—
Mark T Gallant
—
Deed Of Trust
related
$160,000 · Fall River Five Cents
Aug 10, 2000
$144,500
Mark T Gallant
Bruce,barbara
Grant Deed
$131,600 · Fall River Five Cents
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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