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Property profile & analytics
OFF-MARKET
Estimated value
$7,135,000
Motels
946 Main St Chatham, MA 02633-1865
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0476108
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1960
Construction
FRAME
Total area
5,268 SF
Lot
1 ac (43,560 SF)
Zoning code
GB3
APN
CHAT M:13F B:0034 L:B8
UPID
US38-0476108
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
-
Greyfinch Chatham Inn Hotel & Motel
-
My EDU Prep Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.48M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.14M
Owner & transaction history
Tpg Chatham Highlander · 4 yrs held
Tpg Chatham Highlander
since 2022
Last sale
$7.7M
7 recorded transactions
Zoning & alternative use
GB3 · Chatham, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.5M
+219.0%
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 Chatham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chatham 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
$6,580,000
ML approach
$6,480,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,515,000
Change: +219% · Conversion: Difficult
Blend value · Realmo final
$7.14M
Range $6.42M – $7.85M · ±10% · vs last sale $7.74M (Jun 30 2022)
Last sale anchor
$7.74M
Jun 30 2022
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
$1,354 / 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
$3,830
Tax year 2024
Assessed value
$1,072,700
Assessed 2024
Previous assessed
$1,072,700
+0.0% YoY
Effective rate
0.36%
On assessed value
Assessed land
$583,700
Assessed improvement
$489,000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1960
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
1
Units
1
Total area
5,268 SF
Lot
1 ac (43,560 SF)
Zoning code
GB3
APN
CHAT M:13F B:0034 L:B8
UPID
US38-0476108
Jurisdiction
CHATHAM
Zoning & alternative use
GB3 · Chatham, MA
Zoning GB3 · permitted uses
GB3 · Chatham, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chatham. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$5.5M
OFFICE BUILDING
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
1960
Construction
FRAME
Heating
HOT WATER
Stories
1
Buildings
1
Units
1
Lot
1 ac
Current owner
From public records · entity-resolved
Tpg Chatham Highlander
Individual
Mailing address
1140 RESERVOIR AVE, CRANSTON, RI 02920-6032
Ownership since
2022
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
Jun 30, 2022
$7,739,000
Tpg Chatham Highlander
Oceanview Holdings LLC
Quit Claim Arm's Length For Ne States
$4,119,000 · Needham Bank
Feb 19, 2020
$2,300,000
Oceanview Holdings LLC
Sean P O'connell
Quit Claim Arm's Length For Ne States
$1,820,000 · Hingham Institution For Savings
Sep 30, 2003
$2,120,000
Sean P O'connell
Chatham Highlander LLC
Grant Deed
$1,200,000 · Community Bank NA
Sep 30, 2003
—
Sean P O'connell
—
Deed Of Trust
related
$743,000 · Bay Colony Dev Corp
Jul 12, 2002
—
Chatham Highlander LLC
—
Deed Of Trust
related
$55,000 · Cape Cod Five Cent Bank
Jun 10, 1994
—
Michael J Holly
—
Deed Of Trust
related
$225,000 · Cape Cod Five Cent Bank
May 15, 1992
$350,000
Michael J Holly
Clifford,michael P
Grant Deed
$204,000 · Zenon Grzybowski
May 15, 1992
—
Michael J Holly
—
Deed Of Trust
related
$50,000 · Zenon Grzybowski
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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