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Financial
Distress signals
Property profile

318 Main St Southbridge, MA 01550

FOR SALE
Retail properties & Spaces
Property ID
US38-1841856
12,144 SF 0.17 ac lot Built 1867
Last sale Feb 2022 · $400,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional redevelopment opportunity presents a 20,000 square foot mixed-use building situated on a 7,405 square foot lot at 318 Main Street in Southbridge, Massachusetts (zip code 01550). The three-story brick building, constructed in 1867, currently houses fifteen units: two ground-floor commercial storefronts and thirteen residential apartments. The asking price is $699,000, translating to $34.95 per square foot. The property is zoned "cc" and is designated as a historical building,…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$6k
Tax billed · 2024
Assessed value$398k
Assessed land$56k
Assessed improvement$342k
Effective rate1.53%

Value estimate

· Oct 2026
$385k
$347k – $424k
AI approach$380k
NOI build-up
Gross scheduled income$312k
Vacancy & credit loss−$23k
Operating expenses−$108k
NOI · 32.80% cap applied$180k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$157/SF
County average, outlier-cleaned · 292 recorded sales of this use type
Observed band · Q1–Q3$70 – $254

Cap rate analysis

How does the asset earn?
32.80%
$180k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CC
he event that any permitted use is subject to a threshold under Section 2.6 , no building permit or determination of zoning compliance sh...
General categoryUNKNOWN
JurisdictionSOUTHBRIDGE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency14.8
Parking Facility10.1
Bakery9.8

Location

318 Main St Southbridge, MA 01550
County assessor Recorded deeds · 20 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
100 Central, Southbridge, MA 01550-3747 $620,000 May 2023 10,004 SF
205 Main, Southbridge, MA 01550-2524 $475,000 Feb 2023 8,446 SF
76 Morris, Southbridge, MA 01550-2722 $50,000 Jan 2023 6,094 SF
16 Park, Southbridge, MA 01550-2630 $125,000 Nov 2022 5,928 SF
6 Dupaul, Southbridge, MA 01550-2438 $175,000 Oct 2020 9,281 SF
543 Main, Southbridge, MA 01550-3716 $450,000 Oct 2020 6,386 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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