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Property profile & analytics
FOR SALE
Retail space
1448 Grand Army Hwy, Somerset, MA 02726
Entity Owned
1-yr Hold
Free & Clear
Property ID
US38-1434686
For Sale
1 / 2
$489,900
1448 Grand Army Hwy, Somerset, MA 02726
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1920
Total area
2,710 SF
Lot
0.29 ac (12,632 SF)
Zoning code
C
APN
SOME M:0B8 L:0182
UPID
US38-1434686
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
$510k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$347k
Blend (final)
Blend
$510k
Owner & transaction history
Gar Investment LLC · 1 yrs held
Gar Investment LLC
since 2024
Last sale
$510,000
4 recorded transactions
Zoning & alternative use
C · Somerset, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$430,000
+48.6%
Neighborhood: shopping center
$415,000
+43.5%
Warehouse, storage
$360,000
+24.3%
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 Somerset submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Somerset 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
$510,000
ML approach
$510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$430,000
Change: +49% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$415,000
Change: +44% · Conversion: Moderate
WAREHOUSE, STORAGE
$360,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $510k (Dec 2 2024)
Last sale anchor
$510k
Dec 2 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
$188 / 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
$7,463
Tax year 2024
Assessed value
$293,000
Assessed 2024
Previous assessed
$229,900
+27.4% YoY
Effective rate
2.55%
On assessed value
Assessed land
$176,600
Assessed improvement
$116,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1920
Heating
FORCED AIR
Buildings
2
Stories
1
Total area
2,710 SF
Lot
0.29 ac (12,632 SF)
Zoning code
C
APN
SOME M:0B8 L:0182
UPID
US38-1434686
Jurisdiction
SOMERSET
Zoning & alternative use
C · Somerset, MA
Zoning C · permitted uses
C · Somerset, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Somerset. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$430,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$415,000
WAREHOUSE, STORAGE
Est. value
$360,000
AUTO REPAIR, GARAGE
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
1920
Heating
FORCED AIR
Stories
1
Buildings
2
Lot
0.29 ac
Current owner
From public records · entity-resolved
Gar Investment LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1448 GRAND ARMY HWY, SOMERSET, MA 02726-1218
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2024
$510,000
Gar Investment LLC
Gko LLC
Deed
—
Oct 28, 2022
$480,000
Gko LLC
Biz LLC
Quit Claim Arm's Length For Ne States
$384,000 · Baycoast Bank
May 2, 2016
$280,000
Biz LLC
Lz LLC
Quit Claim Arm's Length For Ne States
$210,000 · Mechanics Cooperative Bank
Aug 16, 2006
—
Lz LLC
—
Deed Of Trust
related
$150,000 · Sovereign 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.
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?”
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