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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Day care centers
121 Ashland Ave, Southbridge, MA 01550-2803
Individually Owned
20-yr Hold
~
Est. High Equity
Property ID
US38-0599903
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1964
Construction
STEEL FRAME
Total area
11,656 SF
Lot
2.83 ac (123,275 SF)
Zoning code
M
APN
SBRI M:0044 B:0064 L:00001
UPID
US38-0599903
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$420k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$785k
Blend (final)
Blend
$600k
Owner & transaction history
E RT · 20 yrs held
E RT
since 2006
7 recorded transactions
Zoning & alternative use
M · Southbridge, 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 Southbridge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Southbridge 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
$420,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$980,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$600k
Range $540k – $660k · ±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
$51 / 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
$16,273
Tax year 2024
Assessed value
$1,066,400
Assessed 2024
Previous assessed
$966,100
+10.4% YoY
Effective rate
1.53%
On assessed value
Assessed land
$115,300
Assessed improvement
$951,100
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
1964
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
11,656 SF
Lot
2.83 ac (123,275 SF)
Zoning code
M
APN
SBRI M:0044 B:0064 L:00001
UPID
US38-0599903
Jurisdiction
SOUTHBRIDGE
Zoning & alternative use
M · Southbridge, MA
Zoning M · permitted uses
M · Southbridge, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Southbridge. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$980,000
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
1964
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
2.83 ac
Current owner
From public records · entity-resolved
E RT
Individual
Mailing address
PO BOX 955, SOUTHBRIDGE, MA 01550-0955
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2022
—
E&m RT
—
Deed
related
$740,000 · Southbridge Cu
Jul 6, 2009
—
E RT
—
Deed Of Trust
related
$61,000 · Hometown Bank Coop
Jun 29, 2007
—
Eve M Dipietro
—
Deed Of Trust
related
$930,000 · Hometown Bank Coop
Jun 12, 2006
—
E RT
—
Deed Of Trust
related
$830,000 · Hometown Bank Coop
Mar 31, 2006
$480,000
E RT
E & M RT
Grant Deed
$380,000 · Southbridge Savings Bank
Mar 31, 2006
—
E RT
—
Deed Of Trust
related
$40,000 · Scott Stone Tr
Jul 9, 2001
$285,000
R Ave
Arsenault,marc A
Grant Deed
$70,000 · Flagship Bank & Trust
Mar 20, 2001
$242,706
Marc A Arsenault
Reno,norman G
Grant Deed
—
Dec 12, 1995
$312,000
Norman G Reno
Arsenault,marc A
Grant Deed
$307,000 · Zenon Grzybowski
Dec 12, 1995
—
Norman G Reno
—
Deed Of Trust
related
$363,000 · Zenon Grzybowski
Sep 27, 1989
—
Marc Arsenault
—
Deed Of Trust
related
$375,000 · Mechanics Bank
May 9, 1988
$225,000
Marc A Arsenault
Hippodrome Bowling
Grant Deed
$350,000 · Mechanics Bank
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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