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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Investment properties
695 Wareham St Middleboro, MA 02346-3721
Entity Owned
3-yr Hold
Property ID
US38-2487521
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1950
Construction
FRAME
Total area
4,269 SF
Lot
4.26 ac (185,366 SF)
APN
MIDD M:00110 L:4632 U:0000
UPID
US38-2487521
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
$690k
CAP Approach
CAP
$635k
Comparable Approach
Comparable
$523k
Blend (final)
Blend
$640k
Owner & transaction history
Lex Development INC · 3 yrs held
Lex Development INC
since 2022
Last sale
$625,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$885,000
+36.3%
Office building
$860,000
+33.2%
Retail stores
$745,000
+14.7%
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 Middleboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middleboro 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
$735,000
ML approach
$690,000
CAP Approach
CAP Return
Estimation
6%
$685,000
6.5%
$635,000
7%
$590,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$650,000
Current use
AUTO REPAIR, GARAGE
$885,000
Change: +36% · Conversion: Difficult
OFFICE BUILDING
$860,000
Change: +33% · Conversion: Easy
RETAIL STORES
$745,000
Change: +15% · Conversion: Easy
Blend value · Realmo final
$640k
Range $576k – $704k · ±10% · vs last sale $625k (Sep 8 2022)
Last sale anchor
$625k
Sep 8 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
$150 / 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
Assessed value
$588,100
Assessed 2024
Previous assessed
$542,500
+8.4% YoY
Assessed land
$207,100
Assessed improvement
$381,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1950
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
2
Units
4
Bathrooms
2
Total area
4,269 SF
Lot
4.26 ac (185,366 SF)
APN
MIDD M:00110 L:4632 U:0000
UPID
US38-2487521
Jurisdiction
MIDDLEBORO
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$650,000
AUTO REPAIR, GARAGE
Est. value
$885,000
OFFICE BUILDING
Est. value
$860,000
RETAIL STORES
Est. value
$745,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1950
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
1
Units
4
Bathrooms
2
Lot
4.26 ac
Current owner
From public records · entity-resolved
Lex Development INC
Entity
Mailing address
42 W GRV ST, MIDDLEBORO, MA 02346-1804
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2023
—
Lex Development INC
—
Deed
related
$487,500 · North Easton Savings Bank
Nov 7, 2022
—
Lex Development INC
—
Deed
related
$250,000 · Cln Investments LLC
Sep 8, 2022
$625,000
Lex Development INC
William D Mackenzie
Quit Claim Arm's Length For Ne States
—
Dec 14, 2018
—
William D Mackenzie
Mackenzie,william D
Quit Claim Deed
related
—
Apr 2, 2018
—
Cd LLP
William D Mackenzie
Quit Claim Deed
related
$2,057,000 · Blue Hills Bank
Apr 6, 1998
—
William W Mackenzie
—
Deed Of Trust
related
$40,000 · Plymouth Savings Bank
Sep 30, 1994
$90,000
Semass Corp
Beneficial Mtg Co Mass
Grant Deed
—
Dec 13, 1993
$37,000
Beneficial Mtg Co Mass
Viera,anthony J
Grant Deed
related
—
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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