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Property profile & analytics
OFF-MARKET
Estimated value
$4,265,000
Automotive properties
16 Highland Ave, Seekonk, MA 02771-5806
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-0653452
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2004
Total area
20,215 SF
Lot
2.76 ac (120,443 SF)
Zoning code
HB
APN
SEEK M:0080 B:0000 L:00080
UPID
US38-0653452
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
-
Grieco Acura Car Dealership
-
Acura Service & Parts Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.08M
Blend (final)
Blend
$4.27M
Owner & transaction history
Greico Enterprises LLC · 2 yrs held
Greico Enterprises LLC
since 2023
Last sale
$4.5M
7 recorded transactions
Zoning & alternative use
HB · Seekonk, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.7M
+31.5%
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 Seekonk submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Seekonk 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
$4,035,000
ML approach
$4,030,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$3,595,000
Current use
RESTAURANT
$4,730,000
Change: +32% · Conversion: Difficult
RETAIL STORES
$3,315,000
Change: -8% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,235,000
Change: -10% · Conversion: Difficult
OFFICE BUILDING
$3,090,000
Change: -14% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,090,000
Change: -14% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,010,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$4.27M
Range $3.84M – $4.69M · ±10% · vs last sale $4.50M (Oct 20 2023)
Last sale anchor
$4.50M
Oct 20 2023
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
$211 / 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
$72,179
Tax year 2024
Assessed value
$2,707,400
Assessed 2024
Previous assessed
$2,707,400
+0.0% YoY
Effective rate
2.67%
On assessed value
Assessed land
$782,800
Assessed improvement
$1,924,600
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2004
Heating
SPACE
Buildings
3
Stories
1
Units
1
Total area
20,215 SF
Lot
2.76 ac (120,443 SF)
Zoning code
HB
APN
SEEK M:0080 B:0000 L:00080
UPID
US38-0653452
Jurisdiction
SEEKONK
Zoning & alternative use
HB · Seekonk, MA
Zoning HB · permitted uses
HB · Seekonk, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Seekonk. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$3.6M
RESTAURANT
Est. value
$4.7M
RETAIL STORES
Est. value
$3.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.2M
OFFICE BUILDING
Est. value
$3.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$3.0M
AUTO REPAIR, GARAGE Current
RESTAURANT
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
2004
Heating
SPACE
Stories
1
Buildings
3
Units
1
Lot
2.76 ac
Current owner
From public records · entity-resolved
Greico Enterprises LLC
Entity
Mailing address
16 HIGHLAND AVE, SEEKONK, MA 02771-5806
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2023
$4,500,000
Greico Enterprises LLC
Landpoint LLC
Quit Claim Arm's Length For Ne States
$5,360,000 · Bank Of America NA
Mar 30, 2023
—
Landpoint LLC
—
Deed
related
$360,000 · Bristol County Savings Bank
Dec 6, 2018
—
Landpoint LLC
—
Deed
related
$2,360,000 · Bristol County Savings Bank
Jun 15, 2009
—
Landpoint LLC
—
Deed Of Trust
related
$3,100,000 · Worth Funding INC
Apr 13, 2007
—
Landpoint LLC
—
Deed Of Trust
related
$750,000 · Sovereign Bank
May 9, 2003
—
Plv Seekonk Rlty LLC
—
Deed Of Trust
related
$250,000 · Bank Of Rhode Island
Jan 2, 2003
—
Plv Seekonk Rlty LLC
—
Deed Of Trust
related
$1,850,000 · Bank Of Rhode Island
—
—
Landpoint LLC
—
Deed Of Trust
related
$556,400 · Steven Fasano
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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