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Property profile & analytics
OFF-MARKET
Estimated value
$1,280,000
Office buildings
869 Main St Walpole, MA 02081-2985
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US38-0371248
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1968
Construction
FRAME
Total area
5,817 SF
Lot
0.4 ac (17,534 SF)
APN
WALP M:00025 B:00175 L:00000
UPID
US38-0371248
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
-
Kevin P Meredith - Financial Advisor, Ameriprise Financial Services, LLC Financial Advisor
-
HeathKnits Craft Studio Vocational School
-
Anne M. Murphy, Lic Alternative Medicine Practice Acupuncture
-
Learning Curve Assessment Center, LLC Medical Clinic Physician
-
Marys Therapist Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.35M
Blend (final)
Blend
$1.28M
Owner & transaction history
Lynn M Gross · 11 yrs held
Lynn M Gross
since 2014
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.9M
+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 Walpole submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Walpole 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,705,000
Current use
AUTO REPAIR, GARAGE
$1,875,000
Change: +10% · Conversion: Difficult
RETAIL STORES
$1,705,000
Change: 0% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,670,000
Change: -2% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,490,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$1.28M
Range $1.15M – $1.41M · ±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
$220 / 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
$12,773
Tax year 2024
Assessed value
$713,600
Assessed 2024
Previous assessed
$699,600
+2.0% YoY
Effective rate
1.79%
On assessed value
Assessed land
$364,500
Assessed improvement
$349,100
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
1968
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
1
Units
9
Total area
5,817 SF
Lot
0.4 ac (17,534 SF)
APN
WALP M:00025 B:00175 L:00000
UPID
US38-0371248
Jurisdiction
WALPOLE
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.9M
RETAIL STORES
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.5M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1968
Construction
FRAME
Heating
HOT WATER
Stories
1
Buildings
1
Units
9
Lot
0.4 ac
Current owner
From public records · entity-resolved
Lynn M Gross
Individual
Mailing address
PO BOX 611, BRADFORD, NH 03221-0611
Ownership since
2014
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 17, 2014
—
Lynn M Gross
Donald C Gross JR
Quit Claim Deed
related
$790,000 · Walpole Cooperative Bank
Sep 3, 2003
—
Donald C Gross JR.
—
Deed Of Trust
related
$890,000 · Walpole Coop Bank
Jun 26, 2002
$390,000
Donald C Gross JR.
Gross,donald C
Grant Deed
related
—
Sep 30, 1999
$375,000
Donald C Gross
Main Street Etc
Grant Deed
—
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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