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Property profile & analytics
OFF-MARKET
Estimated value
$8,455,000
Hotels
929 Hingham St, Rockland, MA 02370-1050
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US38-0984579
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1988
Construction
CONCRETE
Total area
85,616 SF
Lot
5.48 ac (238,709 SF)
Zoning code
INDUST
APN
ROCK M:9 B:0 L:36
UPID
US38-0984579
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
-
DoubleTree by Hilton Hotel Boston - Rockland Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.91M
Comparable Approach
Comparable
$7.00M
Blend (final)
Blend
$8.46M
Owner & transaction history
Akshaj Hospitality LLC · 7 yrs held
Akshaj Hospitality LLC
since 2019
7 recorded transactions
Zoning & alternative use
INDUST · Rockland, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$11.1M
+100.0%
Medical building
$10.2M
+84.5%
Office building
$8.7M
+57.0%
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 Rockland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rockland 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%
$10,735,000
6.5%
$9,910,000
7%
$9,205,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$5,550,000
Current use
RESTAURANT
$11,100,000
Change: +100% · Conversion: Difficult
MEDICAL BUILDING
$10,240,000
Change: +84% · Conversion: Difficult
OFFICE BUILDING
$8,715,000
Change: +57% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,770,000
Change: +40% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,710,000
Change: +39% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$7,530,000
Change: +36% · Conversion: Difficult
RETAIL STORES
$5,420,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$8.46M
Range $7.61M – $9.30M · ±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
$99 / 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
$206,929
Tax year 2024
Assessed value
$14,717,600
Assessed 2024
Previous assessed
$12,805,200
+14.9% YoY
Effective rate
1.41%
On assessed value
Assessed land
$841,200
Assessed improvement
$13,876,400
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1988
Construction
CONCRETE
Heating
HEAT PUMP
Buildings
1
Stories
4
Total area
85,616 SF
Lot
5.48 ac (238,709 SF)
Zoning code
INDUST
APN
ROCK M:9 B:0 L:36
UPID
US38-0984579
Jurisdiction
ROCKLAND
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
INDUST · Rockland, MA
Zoning INDUST · permitted uses
INDUST · Rockland, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rockland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$5.6M
RESTAURANT
Est. value
$11.1M
MEDICAL BUILDING
Est. value
$10.2M
OFFICE BUILDING
Est. value
$8.7M
COMMERCIAL (GENERAL)
Est. value
$7.8M
AUTO REPAIR, GARAGE
Est. value
$7.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.5M
RETAIL STORES
Est. value
$5.4M
HOTEL/MOTEL Current
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1988
Construction
CONCRETE
Heating
HEAT PUMP
Stories
4
Buildings
1
Lot
5.48 ac
Current owner
From public records · entity-resolved
Akshaj Hospitality LLC
Entity
Mailing address
83 HARTWELL AVE, LEXINGTON, MA 02421-3116
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2021
—
Akshaj Hospitality LLC
—
Deed
related
$16,190,000 · Needham Bank
Mar 6, 2019
$15,698,000
Akshaj Hospitality LLC
Rockland Tbl Invest Group
Quit Claim Arm's Length For Ne States
$46,750,000 · Needham Bank
Oct 3, 2014
$10,700,000
Rockland Tbl Invest Gr
Rockland Hospitality R
Quit Claim Arm's Length For Ne States
$10,010,000 · Peoples United Bank
Jul 24, 2008
$5,104,300
Rockland Hospitality LLC
Rockland Mass Hotel LP
Grant Deed
—
Jul 24, 2008
—
Rock Hospitality Rlty LLC
—
Deed Of Trust
related
$6,630,000 · Merchants Bank & Trust Co
Dec 29, 1997
$11,000
Memorial Liba Rockland
Slinger,frederick W JR
Grant Deed
—
Dec 9, 1997
—
Rockland Mass Hotel LP
—
Deed Of Trust
related
$35,500,000 · Nomura Asset Capital
Aug 4, 1994
—
Rockland Mass Hotel LP
—
Deed Of Trust
related
$4,614,455 · Resolution Trust Co
Jun 22, 1993
$2,900,000
Rockland Mass Hotel LP
Jms Dev Corp
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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