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Property profile & analytics
OFF-MARKET
Office buildings
83 Old Colony Way, Orleans, MA 02653-3224
Individually Owned
24-yr Hold
~
Est. High Equity
Property ID
US38-1188695
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1978
Construction
FRAME
Total area
1,118 SF
Lot
0.31 ac (13,504 SF)
Zoning code
LB
APN
ORLE M:033.0 B:0031 L:0000.0
UPID
US38-1188695
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
-
Frame Center Inc (Bike/Boat/Book/etc) Store Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Wayne Petty · 24 yrs held
Wayne Petty
since 2002
6 recorded transactions
Zoning & alternative use
LB · Orleans, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$2,141
Tax year 2024
Assessed value
$334,000
Assessed 2024
Previous assessed
$334,000
+0.0% YoY
Effective rate
0.64%
On assessed value
Assessed land
$211,400
Assessed improvement
$122,600
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
1978
Construction
FRAME
Heating
ELECTRIC
Buildings
1
Stories
1
Total area
1,118 SF
Lot
0.31 ac (13,504 SF)
Zoning code
LB
APN
ORLE M:033.0 B:0031 L:0000.0
UPID
US38-1188695
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.
Building & site characteristics
From public records
Year built
1978
Construction
FRAME
Heating
ELECTRIC
Stories
1
Buildings
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
Wayne Petty
Individual
Mailing address
326 S ORLEANS RD, ORLEANS, MA 02653-4007
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2002
$228,000
Wayne Petty
Shirvani Equity Tr
Grant Deed
$127,500 · Cape Cod Five Cent Bank
Oct 30, 2000
—
Equity T Shirvani
—
Deed Of Trust
related
$123,000 · Compass Bank For Savings
Oct 30, 2000
$165,000
Equity T Shirvani
Meetinghouse Pond Nt
Grant Deed
related
$123,000 · Compass Bank For Savings
Oct 14, 1988
—
Meetinghse Pnd Nt
—
Deed Of Trust
related
$169,000 · Thomas M Sykes
May 31, 1988
$205,000
Mettinghouse Pond Nt
Vandermay,richard J
Grant Deed
—
—
—
Wayne Petty
—
Deed Of Trust
related
$196,000 · Cape Cod Five Cent 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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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