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Property profile & analytics
OFF-MARKET
Estimated value
$8,185,000
Commercial land
789 Main St, Bellingham, MA 02019-1802
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-2224559
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
1 ac (43,691 SF)
APN
BELL M:0075 B:0012 L:0000
UPID
US38-2224559
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
$8.33M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.19M
Owner & transaction history
Milliken Towers LLC · 3 yrs held
Milliken Towers LLC
since 2022
Last sale
$7.9M
7 recorded transactions
Zoning & alternative use
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
Method
Estimation
Statistic approach
$8,610,000
ML approach
$8,330,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.19M
Range $7.37M – $9.00M · ±10% · vs last sale $7.90M (Dec 15 2022)
Last sale anchor
$7.90M
Dec 15 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
—
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
$3,873
Tax year 2024
Assessed value
$209,100
Assessed 2024
Previous assessed
$209,100
+0.0% YoY
Effective rate
1.85%
On assessed value
Assessed land
$209,100
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
1 ac (43,691 SF)
APN
BELL M:0075 B:0012 L:0000
UPID
US38-2224559
Jurisdiction
BELLINGHAM
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
Building & site characteristics
From public records
Heating
NONE
Lot
1 ac
Current owner
From public records · entity-resolved
Milliken Towers LLC
Entity
Mailing address
74 HEMLOCK DR, DEDHAM, MA 02026
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2022
$7,900,000
Milliken Towers LLC
Masotta Enterprises LLC
Quit Claim Arm's Length For Ne States
$5,930,000 · Country Bank
May 21, 2008
$3,825,000
Masocci Enterprises LLC
Bell Shopping Center LLC
Grant Deed
$4,385,000 · Walpole Coop Bank
Sep 27, 2004
—
Lorusso Const Co INC
—
Deed Of Trust
related
$500,000 · Walpole Coop Bank
Mar 5, 2004
—
Lorusso Constr Co
—
Deed Of Trust
related
$450,000 · Walpole Coop Bank
Jun 16, 2000
$1,150,000
Bell Shopping Ctr LLC
Rol Re Dev Corp
Grant Deed
$2,800,000 · Walpole Coop Bank
Jun 16, 2000
—
Bell Shopping Ctr LLC
—
Deed Of Trust
related
$2,800,000 · Walpole Coop Bank
Jan 31, 2000
$175,000
Lorusso Sonctr Co INC
Tagliente Ft
Grant Deed
$131,250 · Ben Franklin Savings Bank
Dec 6, 1993
—
Rol RT
—
Deed Of Trust
related
$1,000,000 · Federal Deposit INC Corp
Sep 28, 1993
—
Ft Tagliente
—
Deed Of Trust
related
$7,705,863 · Neworld Bank Svgs
Oct 24, 1988
—
Rol RT
—
Deed Of Trust
related
$6,500,000 · 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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