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Property profile & analytics
OFF-MARKET
Estimated value
$2,340,000
Turn key restaurants
119 Main St, Middleton, MA 01949-3303
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-1898435
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2000
Construction
FRAME
Total area
6,176 SF
Lot
1 ac (43,560 SF)
Zoning code
R1A
APN
MIDD M:0029 B:0000 L:0072
UPID
US38-1898435
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
-
William R Bebrin, DMD, PC Dental Office
-
Bella vella Restaurant
-
Marco's Italian Pizzeria Take-out & Catering
-
Stefanelli’s Authentic Italian Restaurant Restaurant
-
Bebrin and Cugine Invisalign Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.34M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.18M
Blend (final)
Blend
$2.34M
Owner & transaction history
Mrju LLC · 2 yrs held
Mrju LLC
since 2024
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
R1A · Middleton, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Middleton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middleton 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
$2,340,000
ML approach
$2,340,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,130,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,975,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$2.34M
Range $2.11M – $2.57M · ±10% · vs last sale $2.34M (Feb 15 2024)
Last sale anchor
$2.34M
Feb 15 2024
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
$379 / 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
$21,371
Tax year 2024
Assessed value
$1,812,600
Assessed 2024
Previous assessed
$1,658,900
+9.3% YoY
Effective rate
1.18%
On assessed value
Assessed land
$1,110,800
Assessed improvement
$701,800
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2000
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
3
Bathrooms
6
Total area
6,176 SF
Lot
1 ac (43,560 SF)
Zoning code
R1A
APN
MIDD M:0029 B:0000 L:0072
UPID
US38-1898435
Jurisdiction
MIDDLETON
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
R1A · Middleton, MA
Zoning R1A · permitted uses
R1A · Middleton, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Middleton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$2.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
RESTAURANT Current
APARTMENT HOUSE (5+ UNITS)
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
2000
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
3
Bathrooms
6
Lot
1 ac
Current owner
From public records · entity-resolved
Mrju LLC
Entity
Mailing address
119 S MAIN ST, MIDDLETON, MA 01949-3303
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 15, 2024
$2,340,000
Mrju LLC
7 River Street LLC
Quit Claim Arm's Length For Ne States
$1,638,000 · Salem Five Cents Savings Bank
Feb 15, 2024
—
7 River Street LLC
Warren D Kelly T
Correction Deed
related
—
Feb 16, 2022
—
7 River Street LLC
Warren D Kelly RT
Quit Claim Deed
related
—
Jul 12, 2018
—
Warren D Kelly T
—
Deed
related
$1,300,000 · Salem Five Cents Savings Bank
Feb 6, 2002
—
Warren D Kelly Trust
—
Deed Of Trust
related
$825,000 · North Shore Bank
Nov 2, 2000
$367,000
D Kelly T Warren
Ri Waterman Properties
Grant Deed
$600,000 · North Shore Bank
Apr 13, 2000
$367,000
Warren D Kelly RT
Ri Waterman Properties
Grant Deed
—
Nov 23, 1998
$360,000
Ri Waterman Prop INC
119 S Main St RT
Grant Deed
—
Sep 18, 1992
$600,000
119 South Main St. RT
Financial Invest
Grant Deed
$550,000 · Guaranty First Tr Co
Aug 10, 1992
$450,000
Financial Invest Corp
Daniel Fuller House Tr
Grant Deed
related
—
Sep 4, 1991
—
Daniel Fuller House Tr
—
Deed Of Trust
related
$1,022,360 · Lexington Savings Bank
Apr 5, 1991
—
Dan Fuller House Trust
—
Deed Of Trust
related
$315,429 · Pamela J Kien
Nov 13, 1987
$600,000
Daniel Fuller House Tr
M&f RT
Grant Deed
$850,000 · Guaranty First Tr Co
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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