New search
Property profile & analytics
OFF-MARKET
Estimated value
$895,000
Showrooms
119 Massachusetts Ave, Lunenburg, MA 01462-1274
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US38-0609208
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1984
Total area
5,408 SF
Lot
0.83 ac (36,285 SF)
Zoning code
C
APN
LUNE M:076.0 B:0047 L:0000.0
UPID
US38-0609208
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
-
Walker Orthodontics, PC Dental Office
-
Walker Orthodontics: Walker John H DMD Dental Office
-
SMG Otolaryngology at Lunenburg Hospital
-
Sleep,Snoring & Sinus Centre Of Ma Medical Clinic
-
Peter Catalano Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$870k
CAP Approach
CAP
$750k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$895k
Owner & transaction history
119 Mass Ave Prop LLC · 1 yrs held
119 Mass Ave Prop LLC
since 2025
Last sale
$1.0M
4 recorded transactions
Zoning & alternative use
C · Lunenburg, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.0M
+71.3%
Retail stores
$850,000
+42.6%
Auto repair, garage
$830,000
+39.4%
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 Lunenburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lunenburg 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
$855,000
ML approach
$870,000
CAP Approach
CAP Return
Estimation
6%
$815,000
6.5%
$750,000
7%
$695,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$595,000
Current use
RESTAURANT
$1,020,000
Change: +71% · Conversion: Difficult
RETAIL STORES
$850,000
Change: +43% · Conversion: Easy
AUTO REPAIR, GARAGE
$830,000
Change: +39% · Conversion: Difficult
OFFICE BUILDING
$735,000
Change: +24% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$685,000
Change: +15% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$650,000
Change: +9% · Conversion: Moderate
WAREHOUSE, STORAGE
$545,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$895k
Range $806k – $985k · ±10% · vs last sale $1.00M (Mar 13 2025)
Last sale anchor
$1.00M
Mar 13 2025
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
$165 / 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
$6,461
Tax year 2024
Assessed value
$458,200
Assessed 2024
Previous assessed
$402,600
+13.8% YoY
Effective rate
1.41%
On assessed value
Assessed land
$174,600
Assessed improvement
$283,600
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1984
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
2
Total area
5,408 SF
Lot
0.83 ac (36,285 SF)
Zoning code
C
APN
LUNE M:076.0 B:0047 L:0000.0
UPID
US38-0609208
Jurisdiction
LUNENBURG
Zoning & alternative use
C · Lunenburg, MA
Zoning C · permitted uses
C · Lunenburg, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lunenburg. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$595,000
RESTAURANT
Est. value
$1.0M
RETAIL STORES
Est. value
$850,000
AUTO REPAIR, GARAGE
Est. value
$830,000
OFFICE BUILDING
Est. value
$735,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$685,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$650,000
WAREHOUSE, STORAGE
Est. value
$545,000
COMMERCIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
1984
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
2
Lot
0.83 ac
Current owner
From public records · entity-resolved
119 Mass Ave Prop LLC
Entity
Mailing address
119 MASSACHUSETTS AVE, LUNENBURG, MA 01462-1274
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2025
$1,000,000
119 Mass Ave Prop LLC
Walker Nt
Deed
$1,179,000 · Pentucket Bank
Oct 30, 2013
—
Walker Nt
—
Deed Of Trust
related
$340,000 · Enterprise Bank & Trust
May 22, 2003
—
Walker Nt
—
Deed Of Trust
related
$352,000 · Enterprise Bank & Trust
Oct 24, 1996
—
Walker Nt
—
Deed Of Trust
related
$25,000 · Enterprise Bank & Trust
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 119 Massachusetts Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
