New search
Property profile & analytics
OFF-MARKET
Estimated value
$815,000
Office buildings
8 Academy Pl, Orleans, MA 02653-2522
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US38-0603840
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1870
Construction
FRAME
Total area
2,232 SF
Lot
0.61 ac (26,572 SF)
Zoning code
LB
APN
ORLE M:034.0 B:0021 L:0000.0
UPID
US38-0603840
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
-
Cape Cod Brokerage Bank Loan Service
-
Benz Financial Group Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$770k
Comparable Approach
Comparable
$772k
Blend (final)
Blend
$815k
Owner & transaction history
Academy Place LLC · 18 yrs held
Academy Place LLC
since 2008
4 recorded transactions
Zoning & alternative use
LB · Orleans, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$505,000
+0.5%
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 Orleans submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Orleans 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%
$835,000
6.5%
$770,000
7%
$715,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$505,000
Current use
RETAIL STORES
$505,000
Change: +0% · Conversion: Moderate
COMMERCIAL (GENERAL)
$495,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$815k
Range $734k – $897k · ±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
$365 / 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
$4,920
Tax year 2024
Assessed value
$767,600
Assessed 2024
Previous assessed
$767,600
+0.0% YoY
Effective rate
0.64%
On assessed value
Assessed land
$451,500
Assessed improvement
$316,100
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1870
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
2
Rooms
7
Bathrooms
4
Total area
2,232 SF
Lot
0.61 ac (26,572 SF)
Zoning code
LB
APN
ORLE M:034.0 B:0021 L:0000.0
UPID
US38-0603840
Jurisdiction
ORLEANS
Zoning & alternative use
LB · Orleans, MA
Zoning LB · permitted uses
LB · Orleans, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Orleans. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$505,000
RETAIL STORES
Est. value
$505,000
COMMERCIAL (GENERAL)
Est. value
$495,000
OFFICE BUILDING Current
RETAIL STORES
COMMERCIAL (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
1870
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
1
Rooms
7
Bathrooms
4
Lot
0.61 ac
Current owner
From public records · entity-resolved
Academy Place LLC
Entity
Mailing address
8 ACADEMY PL, ORLEANS, MA 02653-2522
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2018
—
Academy Place LLC
—
Deed
related
$405,000 · Cape Cod Cooperative Bank
Feb 4, 2008
$690,000
Academy Place LLC
Charles R Terrell
Deed
$544,000 · Td Banknorth Mtg Grp
Jun 22, 1989
$260,000
Charles R Terrell
Terrell,warren W
Grant Deed
related
—
—
—
Academy Place LLC
—
Deed Of Trust
related
$405,000 · Cape Cod Co-op Bk
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 8 Academy Pl?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
