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Property profile & analytics
OFF-MARKET
Estimated value
$990,000
Investment properties
87 School St, Hatfield, MA 01038-9732
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US38-0244768
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1880
Construction
FRAME
Total area
6,276 SF
Lot
0.97 ac (42,384 SF)
Zoning code
TC
APN
HATF M:0220 B:0011 L:0
UPID
US38-0244768
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.07M
CAP Approach
CAP
$925k
Comparable Approach
Comparable
$1.38M
Blend (final)
Blend
$990k
Owner & transaction history
Old Mill Enterprises LLC · 5 yrs held
Old Mill Enterprises LLC
since 2021
Last sale
$987,000
7 recorded transactions
Zoning & alternative use
TC · Hatfield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+32.8%
Retail stores
$975,000
+8.1%
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 Hatfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hatfield 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
$1,175,000
ML approach
$1,065,000
CAP Approach
CAP Return
Estimation
6%
$1,005,000
6.5%
$925,000
7%
$860,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$905,000
Current use
OFFICE BUILDING
$1,200,000
Change: +33% · Conversion: Easy
RETAIL STORES
$975,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$990k
Range $891k – $1.09M · ±10% · vs last sale $987k (Jan 12 2021)
Last sale anchor
$987k
Jan 12 2021
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
$158 / 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
$13,329
Tax year 2024
Assessed value
$870,600
Assessed 2024
Previous assessed
$870,600
+0.0% YoY
Effective rate
1.53%
On assessed value
Assessed land
$132,600
Assessed improvement
$738,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1880
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
13
Rooms
18
Bathrooms
6
Total area
6,276 SF
Lot
0.97 ac (42,384 SF)
Zoning code
TC
APN
HATF M:0220 B:0011 L:0
UPID
US38-0244768
Jurisdiction
HATFIELD
Zoning & alternative use
TC · Hatfield, MA
Zoning TC · permitted uses
TC · Hatfield, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hatfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$905,000
OFFICE BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$975,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
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
1880
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
13
Rooms
18
Bathrooms
6
Lot
0.97 ac
Current owner
From public records · entity-resolved
Old Mill Enterprises LLC
Entity
Mailing address
87 SCHOOL ST, HATFIELD, MA 01038-9732
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Jan 12, 2021
$987,000
Old Mill Enterprises LLC
Carl G Burwick
Deed
$890,000 · Umass/five College Federal Credit U
Jan 30, 2015
—
Carl G Burwick
Old Mill Falls RT
Quit Claim Deed
related
$500,000 · Greenfield Savings Bank
Jan 22, 2010
$20,000
Jarrett,peter A Tr
Old Mill On Falls LLC
Grant Deed
—
Jan 30, 2009
$1
Old Mill Falls LLC
Jarrett,theodore C JR
Grant Deed
—
Sep 19, 2007
$193,000
Theodore C Jarrett JR.
Old Mill Falls LLC
Grant Deed
—
Oct 13, 2005
$425,000
Old Mill Falls LLC
Mill River Dev Co
Grant Deed
$650,000 · Northborough Capital Partners
Jan 6, 1995
—
Mill Riv Dev Co
—
Deed Of Trust
related
$250,000 · Springfield Inst For Saving
Feb 2, 1988
$210,000
Richard R Rescia
Mill Riv Dev Co
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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