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Property profile & analytics
OFF-MARKET
Estimated value
$1,080,000
Office buildings
8 Main St, Orleans, MA 02653-2418
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-0350248
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Construction
FRAME
Total area
4,624 SF
Lot
0.7 ac (30,492 SF)
Zoning code
GB
APN
ORLE M:025.0 B:0053 L:0000.0
UPID
US38-0350248
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
-
Pike Insurance Agency Inc. Insurance Agency
-
Kaplansky Insurance Insurance Agency
-
Law Office of Jennifer L. Thyng, LLC Law Firm
-
Bayside Realty Consultants LLC Real Estate Agency
-
Homeless Prevention Council Social Service Agency Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.04M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.08M
Owner & transaction history
Homeless Prevention · 3 yrs held
Homeless Prevention
since 2022
Last sale
$1.2M
4 recorded transactions
Zoning & alternative use
GB · Orleans, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.0M
+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
$980,000
ML approach
$1,035,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,040,000
Current use
RETAIL STORES
$1,045,000
Change: +0% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,025,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$1.08M
Range $972k – $1.19M · ±10% · vs last sale $1.15M (Oct 12 2022)
Last sale anchor
$1.15M
Oct 12 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
$234 / 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
$1,056
Tax year 2024
Assessed value
$164,700
Assessed 2024
Previous assessed
$164,700
+0.0% YoY
Effective rate
0.64%
On assessed value
Assessed improvement
$164,700
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
1988
Construction
FRAME
Heating
HEAT PUMP
Buildings
1
Stories
2
Total area
4,624 SF
Lot
0.7 ac (30,492 SF)
Zoning code
GB
APN
ORLE M:025.0 B:0053 L:0000.0
UPID
US38-0350248
Jurisdiction
ORLEANS
Zoning & alternative use
GB · Orleans, MA
Zoning GB · permitted uses
GB · 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
$1.0M
RETAIL STORES
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$1.0M
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
1988
Construction
FRAME
Heating
HEAT PUMP
Stories
2
Buildings
1
Lot
0.7 ac
Current owner
From public records · entity-resolved
Homeless Prevention
Individual
Mailing address
PO BOX 828, ORLEANS, MA 02653-0828
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2023
—
Homelessprevention Counci
—
Deed
related
$100,000 · Seamens Savings Bank
Oct 12, 2022
$1,150,000
Homeless Prevention
Harry L Pike Ret
Quit Claim Arm's Length For Ne States
$805,000 · Seamens Savings Bank
Jan 21, 2020
—
Harry L Pike
Kimberly
Quit Claim Deed
related
—
Jan 26, 1988
$185,000
Kimberly RT
Main St Corners RT
Grant Deed
$180,000 · Thomas M Sykes
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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