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Property profile & analytics
OFF-MARKET
Estimated value
$9,295,000
Grocery and convenience stores
10 Pleasant St, Lee, MA 01238-1317
Entity Owned
15-yr Hold
Free & Clear
Property ID
US38-1538767
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2011
Total area
52,336 SF
Lot
9.63 ac (419,483 SF)
Zoning code
CBC
APN
LEEE M:025 B:00 L:0000-0007.0
UPID
US38-1538767
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
-
Big Y World Class Market Grocery & Convenience Store Food Market
-
Lee Package Store (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
ChargePoint Charging Station Electric Vehicle Charging Station
-
Tesla Supercharger Electric Vehicle Charging Station
-
Big Y Pharmacy and Wellness Center Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.72M
Comparable Approach
Comparable
$10.61M
Blend (final)
Blend
$9.30M
Owner & transaction history
F L Roberts&co INC · 15 yrs held
F L Roberts&co INC
since 2010
7 recorded transactions
Zoning & alternative use
CBC · Lee, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.2M
+36.0%
Commercial (general)
$7.7M
+1.9%
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 Lee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lee 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%
$10,530,000
6.5%
$9,720,000
7%
$9,025,000
Alternative Use
Use
Estimation
RETAIL STORES
$7,515,000
Current use
RESTAURANT
$10,220,000
Change: +36% · Conversion: Easy
COMMERCIAL (GENERAL)
$7,655,000
Change: +2% · Conversion: Easy
OFFICE BUILDING
$7,305,000
Change: -3% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,800,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$9.30M
Range $8.37M – $10.22M · ±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
$178 / 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
$79,297
Tax year 2024
Assessed value
$7,054,900
Assessed 2024
Previous assessed
$6,717,900
+5.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$973,000
Assessed improvement
$6,081,900
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2011
Heating
NONE
Buildings
1
Total area
52,336 SF
Lot
9.63 ac (419,483 SF)
Zoning code
CBC
APN
LEEE M:025 B:00 L:0000-0007.0
UPID
US38-1538767
Jurisdiction
LEE
Zoning & alternative use
CBC · Lee, MA
Zoning CBC · permitted uses
CBC · Lee, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lee. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$7.5M
RESTAURANT
Est. value
$10.2M
COMMERCIAL (GENERAL)
Est. value
$7.7M
OFFICE BUILDING
Est. value
$7.3M
AUTO REPAIR, GARAGE
Est. value
$6.8M
RETAIL STORES Current
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2011
Heating
NONE
Buildings
1
Lot
9.63 ac
Current owner
From public records · entity-resolved
F L Roberts&co INC
Entity
Free & Clear · 15 yrs held
Mailing address
PO BOX 7840, SPRINGFIELD, MA 01102-7840
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2023
—
Fidc V LLC
—
Deed
related
$1,000,000 · Peoplesbank (holyoke Ma)
Sep 20, 2010
$1
F L Roberts&co INC
Roberts,steven M Tr
Grant Deed
—
Sep 20, 2010
$4,250,000
Big Y Foods INC
Fl Roberts&co INC
Grant Deed
—
Sep 17, 2010
$1
F L Roberts & Co INC
Roberts,steven M Tr
Grant Deed
—
Feb 16, 2006
—
Northernedge Plant 1 RT
—
Grant Deed
related
$727,034 · Ss Cousins LLC
Feb 16, 2006
$1
Northernedge Plant 1 RT
Ss Cousins LLC
Grant Deed
related
—
Jun 23, 1997
$1,725,000
S Cousins L L C S
Woodland Realty INC
Grant Deed
$1,400,000 · Thomas A Ricchi
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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