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Property profile & analytics
FOR LEASE
Office buildings
16 Mason Ave 3 North Attleboro, MA 02760
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US38-1464573
For Lease
1 / 7
$1,425/Mo
16 Mason Ave,Unit 3, North Attleboro, MA 02760
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1939
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,078 SF
Lot
0.34 ac (14,873 SF)
Zoning code
C75
APN
NATT M:0005 B:0168 L:0000
UPID
US38-1464573
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
by Request
Comparable Approach
Comparable
$1.14M
Blend (final)
Blend
$1.21M
Owner & transaction history
Anna Michelle LLC · 18 yrs held
Anna Michelle LLC
since 2007
3 recorded transactions
Zoning & alternative use
C75 · North Attleboro, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.9M
+35.9%
Auto repair, garage
$1.6M
+15.4%
Retail stores
$1.5M
+6.4%
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 North Attleboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Attleboro 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,400,000
Current use
COMMERCIAL (GENERAL)
$1,905,000
Change: +36% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,615,000
Change: +15% · Conversion: Difficult
RETAIL STORES
$1,490,000
Change: +6% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,455,000
Change: +4% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,385,000
Change: -1% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,200,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$1.21M
Range $1.09M – $1.33M · ±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
$133 / 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
$14,874
Tax year 2024
Assessed value
$958,400
Assessed 2024
Previous assessed
$958,400
+0.0% YoY
Effective rate
1.55%
On assessed value
Assessed land
$209,300
Assessed improvement
$749,100
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1939
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
12
Bathrooms
2
Total area
9,078 SF
Lot
0.34 ac (14,873 SF)
Zoning code
C75
APN
NATT M:0005 B:0168 L:0000
UPID
US38-1464573
Jurisdiction
NORTH ATTLEBORO
Zoning & alternative use
C75 · North Attleboro, MAZoning C75 · permitted uses
C75 · North Attleboro, MA
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
OFFICE BUILDING Current
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.6M
RETAIL STORES
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$1.2M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1939
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
12
Bathrooms
2
Lot
0.34 ac
Current owner
From public records · entity-resolved
Anna Michelle LLC
Entity
Mailing address
16 MASON AVE STE #1, NORTH ATTLEBORO, MA 02760-6332
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2010
—
Ana Michelle LLC
—
Deed Of Trust
related
$697,000 · Webster Bank
Nov 16, 2007
$440,000
Anna Michelle LLC
Peter G Terry
Deed
$315,000 · Milford Natl Bk & Tr
Aug 18, 2006
$226,701
Peter G Terry
N Attleboro Town Of
Grant Deed
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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