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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Investment properties
140 Bay Rd, Norton, MA 02766-3034
Individually Owned
38-yr Hold
Property ID
US38-1555248
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1984
Construction
FRAME
Total area
3,008 SF
Lot
3.45 ac (150,282 SF)
Zoning code
R80
APN
NORT M:12 P:26
UPID
US38-1555248
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
-
C & C Design Studio Photography Service (Bike/Boat/Book/etc) Store
-
Center Core Training Gym & Fitness Center Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$320k
CAP Approach
CAP
$545k
Comparable Approach
Comparable
$502k
Blend (final)
Blend
$515k
Owner & transaction history
David Howard · 38 yrs held
David Howard
since 1988
6 recorded transactions
Zoning & alternative use
R80 · Norton, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$535,000
+19.5%
Retail stores
$495,000
+10.1%
Office building
$460,000
+2.6%
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 Norton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norton 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
$320,000
CAP Approach
CAP Return
Estimation
6%
$590,000
6.5%
$545,000
7%
$510,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$450,000
Current use
AUTO REPAIR, GARAGE
$535,000
Change: +19% · Conversion: Difficult
RETAIL STORES
$495,000
Change: +10% · Conversion: Easy
OFFICE BUILDING
$460,000
Change: +3% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$460,000
Change: +3% · Conversion: Difficult
WAREHOUSE, STORAGE
$400,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$171 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$8,205
Tax year 2022
Assessed value
$728,900
Assessed 2024
Previous assessed
$656,100
+11.1% YoY
Effective rate
1.13%
On assessed value
Assessed land
$185,200
Assessed improvement
$543,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
1984
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Rooms
7
Bathrooms
3
Total area
3,008 SF
Lot
3.45 ac (150,282 SF)
Zoning code
R80
APN
NORT M:12 P:26
UPID
US38-1555248
Jurisdiction
NORTON
Zoning & alternative use
R80 · Norton, MA
Zoning R80 · permitted uses
R80 · Norton, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$450,000
AUTO REPAIR, GARAGE
Est. value
$535,000
RETAIL STORES
Est. value
$495,000
OFFICE BUILDING
Est. value
$460,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$460,000
WAREHOUSE, STORAGE
Est. value
$400,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Rooms
7
Bathrooms
3
Lot
3.45 ac
Current owner
From public records · entity-resolved
David Howard
Individual
Mailing address
140 BAY RD, NORTON, MA 02766-3034
Ownership since
1988
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2002
—
Robin T Howard
—
Deed Of Trust
related
$200,000 · M & T Bank
Mar 25, 1999
—
David P Howard
—
Deed Of Trust
related
$170,000 · Patriot Mortgage Co
Mar 29, 1995
—
David P Howard
—
Deed Of Trust
related
$174,500 · First Nh Mortgage Corp
Apr 21, 1994
—
David P Howard
—
Deed Of Trust
related
$75,000 · Household Finance Corp
Mar 16, 1988
$25,000
David Howard
Howard,david P
Grant Deed
related
—
Sep 1, 1987
—
David P Howard
—
Deed Of Trust
related
$600,000 · Shawmut
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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