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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Investment properties
129 Spruce St Middleboro, MA 02346-3113
Individually Owned
5-yr Hold
Property ID
US38-1667688
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1982
Total area
3,828 SF
Lot
4 ac (174,090 SF)
APN
MIDD M:00107 L:5443 U:0000
UPID
US38-1667688
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
by Request
CAP Approach
CAP
$570k
Comparable Approach
Comparable
$764k
Blend (final)
Blend
$640k
Owner & transaction history
Kenneth R Maddigan · 5 yrs held
Kenneth R Maddigan
since 2020
Last sale
$1
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$790,000
+36.3%
Office building
$775,000
+33.2%
Retail stores
$665,000
+14.7%
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 Middleboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middleboro 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%
$615,000
6.5%
$570,000
7%
$530,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$580,000
Current use
AUTO REPAIR, GARAGE
$790,000
Change: +36% · Conversion: Difficult
OFFICE BUILDING
$775,000
Change: +33% · Conversion: Easy
RETAIL STORES
$665,000
Change: +15% · Conversion: Easy
Blend value · Realmo final
$640k
Range $576k – $704k · ±10% · vs last sale $1 (Dec 11 2020)
Last sale anchor
$1
Dec 11 2020
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
$167 / 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
Assessed value
$858,200
Assessed 2024
Previous assessed
$734,700
+16.8% YoY
Assessed land
$189,100
Assessed improvement
$669,100
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1982
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
2
Units
1
Rooms
7
Bathrooms
2
Total area
3,828 SF
Lot
4 ac (174,090 SF)
APN
MIDD M:00107 L:5443 U:0000
UPID
US38-1667688
Jurisdiction
MIDDLEBORO
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$580,000
AUTO REPAIR, GARAGE
Est. value
$790,000
OFFICE BUILDING
Est. value
$775,000
RETAIL STORES
Est. value
$665,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
1982
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
1
Units
1
Rooms
7
Bathrooms
2
Lot
4 ac
Current owner
From public records · entity-resolved
Kenneth R Maddigan
Individual
Mailing address
129 SPRUCE ST, MIDDLEBORO, MA 02346-3113
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Jan 12, 2023
—
Kenneth R Maddigan
—
Deed
related
$27,000 · North Easton Savings Bank
Oct 12, 2021
—
John Tessier
—
Deed
related
$270,000 · North Easton Savings Bank
Dec 11, 2020
—
Kenneth R Maddigan
Kenneth R Maddigan
Quit Claim Deed
related
—
Feb 7, 2018
—
Kenneth R Maddigan
—
Deed
related
$215,000 · Mutual Bk
Jan 19, 2012
—
Kenneth R Maddigan
—
Deed Of Trust
related
$50,000 · Harborone Cu
Jul 12, 2010
$1
Amanda G Faidell
Spouter Inn RT
Grant Deed
—
Mar 28, 2001
—
Kenneth R Maddigan
—
Deed Of Trust
related
$50,000 · Rockland Trust Co
Jul 30, 1999
—
Kenneth R Maddigan
—
Deed Of Trust
related
$106,000 · Mayflower Capital Bank
May 18, 1998
—
Kenneth R Maddigan
—
Deed Of Trust
related
$55,000 · Mayflower Capital Bank
Jun 20, 1993
—
Kenneth R Maddigan
—
Deed Of Trust
related
$37,000 · Plymouth Mortgage Corp
Jun 13, 1990
—
Kenneth R Maddigan
—
Deed Of Trust
related
$35,000 · Mayflower Capital Bank
—
—
Kenneth R Maddigan
—
Deed Of Trust
related
$215,000 · Mutual Bk
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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