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Property profile & analytics
OFF-MARKET
Estimated value
$3,500,000
Motels
8 Shootflying Hl Rd, Centerville, MA 02632-1429
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US38-1635472
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1956
Construction
FRAME
Total area
14,330 SF
Lot
6.5 ac (283,140 SF)
Zoning code
RF;RF-
APN
BARN M:234 L:059
UPID
US38-1635472
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
-
Knights Inn Centerville Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.50M
CAP Approach
CAP
$2.77M
Comparable Approach
Comparable
$2.56M
Blend (final)
Blend
$3.50M
Owner & transaction history
Park City Wind LLC · 1 yrs held
Park City Wind LLC
since 2024
Last sale
$3.5M
5 recorded transactions
Zoning & alternative use
RF;RF- · Centerville, MA
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 Centerville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Centerville 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
$3,500,000
ML approach
$3,500,000
CAP Approach
CAP Return
Estimation
6%
$2,995,000
6.5%
$2,765,000
7%
$2,565,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$4,705,000
Current use
COMMERCIAL (GENERAL)
$4,170,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$3.50M
Range $3.15M – $3.85M · ±10% · vs last sale $3.50M (Oct 15 2024)
Last sale anchor
$3.50M
Oct 15 2024
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
$244 / 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
$13,336
Tax year 2024
Assessed value
$1,698,900
Assessed 2024
Previous assessed
$1,698,900
+0.0% YoY
Effective rate
0.78%
On assessed value
Assessed land
$624,700
Assessed improvement
$1,074,200
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1956
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
1
Units
41
Rooms
41
Total area
14,330 SF
Lot
6.5 ac (283,140 SF)
Zoning code
RF;RF-
APN
BARN M:234 L:059
UPID
US38-1635472
Jurisdiction
BARNSTABLE
Zoning & alternative use
RF;RF- · Centerville, MA
Zoning RF;RF- · permitted uses
RF;RF- · Centerville, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Centerville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$4.7M
COMMERCIAL (GENERAL)
Est. value
$4.2M
HOTEL/MOTEL Current
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
1956
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
1
Units
41
Rooms
41
Lot
6.5 ac
Current owner
From public records · entity-resolved
Park City Wind LLC
Entity
Mailing address
8 SHOOTFLYING HL RD, CENTERVILLE, MA 02632-1429
Ownership since
2024
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
Oct 15, 2024
$3,500,000
Park City Wind LLC
New Craigville Motel RT
Deed
—
Oct 11, 2019
—
New Craigville Motel
—
Deed
related
$1,500,000 · Stonington Cap
Jun 3, 1999
$915,000
Craigville Motel T New
Craigville Motel RT
Grant Deed
related
$732,000 · Compass Bank For Savings
Oct 23, 1998
—
Craigville Motel RT
—
Deed Of Trust
related
$245,000 · Thomas M Sykes
—
—
New Craigville Motel
—
Deed Of Trust
related
$1,500,000 · Stonington Cap
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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