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Property profile & analytics
OFF-MARKET
Estimated value
$885,000
Office buildings
8 Washington Pl Braintree, MA 02184-3258
Individually Owned
19-yr Hold
Free & Clear
Property ID
US38-0569038
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1902
Construction
FRAME
Total area
3,351 SF
Lot
0.23 ac (10,019 SF)
Zoning code
GBD
APN
BRAI M:2024 B:0 L:24
UPID
US38-0569038
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
-
Fournier Suzanne Medical Clinic
-
Friederika Aceto Ph D Clinical Medical Clinic
-
Virginia A Kelty, Ph.D., Licensed Psychologist Physician Medical Clinic
-
McCarty Mental Health Crisis Center Medical Clinic
-
Nannicelli Paula B Foster Care Service Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.21M
Comparable Approach
Comparable
$694k
Blend (final)
Blend
$885k
Owner & transaction history
L RT · 19 yrs held
L RT
since 2006
7 recorded transactions
Zoning & alternative use
GBD · Braintree, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+9.8%
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 Braintree submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Braintree 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%
$1,305,000
6.5%
$1,205,000
7%
$1,120,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$985,000
Current use
AUTO REPAIR, GARAGE
$1,080,000
Change: +10% · Conversion: Difficult
RETAIL STORES
$980,000
Change: 0% · Conversion: Moderate
COMMERCIAL (GENERAL)
$860,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$885k
Range $797k – $974k · ±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
$264 / 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
$15,179
Tax year 2024
Assessed value
$749,600
Assessed 2024
Previous assessed
$749,600
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$380,800
Assessed improvement
$368,800
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
1902
Construction
FRAME
Heating
ELECTRIC
Buildings
1
Stories
3
Units
1
Bathrooms
4
Total area
3,351 SF
Lot
0.23 ac (10,019 SF)
Zoning code
GBD
APN
BRAI M:2024 B:0 L:24
UPID
US38-0569038
Jurisdiction
BRAINTREE
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
GBD · Braintree, MA
Zoning GBD · permitted uses
GBD · Braintree, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Braintree. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$985,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$980,000
COMMERCIAL (GENERAL)
Est. value
$860,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
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
1902
Construction
FRAME
Heating
ELECTRIC
Stories
3
Buildings
1
Units
1
Bathrooms
4
Lot
0.23 ac
Current owner
From public records · entity-resolved
L RT
Individual
Free & Clear · 19 yrs held
Mailing address
145 ELM ST, BRAINTREE, MA 02184-3240
Ownership since
2006
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
Sep 11, 2006
—
Steven Larosa
—
Deed Of Trust
related
$305,000 · Greenpoint Mortgage Funding
Sep 11, 2006
$1
L RT
Wirtz,eric M
Grant Deed
related
—
Jul 27, 2000
$290,000
Steven M Larossa
Storlazzi,a Michael Tr
Grant Deed
$232,000 · Weymouth Cp Bank
Oct 6, 1998
—
Storlazzi,a Michael Tr
—
Deed Of Trust
related
$219,000 · Horizon Bank & Trust Co
Sep 26, 1994
—
Michael A Storlazzi
—
Deed Of Trust
related
$241,219 · Braintree Svgs Bk
May 30, 1991
$720,000
Storlazzi,a Michael Tr
Beldekas,constantinos
Grant Deed
$500,000 · National Bank Greece
May 30, 1991
—
Storlazzi,a Michael Tr
—
Deed Of Trust
related
$220,000 · Zwi Kohorn
Oct 21, 1988
—
Michael A Storlazzi
—
Deed Of Trust
related
$307,539 · Us Trust Norfolk
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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