New search
Property profile & analytics
FOR LEASE
Turn key restaurants
1745 Route 2, Charlemont, MA 01339
Individually Owned
25-yr Hold
~
Est. High Equity
Property ID
US38-1293269
For Lease
1 / 40
$2,500/Mo
1745 Route 2, Charlemont, MA 01339
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1965
Total area
6,680 SF
Lot
1.33 ac (57,935 SF)
Zoning code
R1
APN
CHAR M:004.0 B:0000 L:0044.2
UPID
US38-1293269
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Michael A Phelps · 25 yrs held
Michael A Phelps
since 2001
4 recorded transactions
Zoning & alternative use
R1 · Shelburne Falls, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Charlemont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Charlemont 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,442
Tax year 2024
Assessed value
$262,900
Assessed 2024
Previous assessed
$262,900
+0.0% YoY
Effective rate
2.07%
On assessed value
Assessed land
$31,600
Assessed improvement
$231,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Turn key restaurants
Use group
RESTAURANT
Status
For Lease
Year built
1965
Heating
HOT WATER
Buildings
1
Stories
1
Units
1
Rooms
7
Total area
6,680 SF
Lot
1.33 ac (57,935 SF)
Zoning code
R1
APN
CHAR M:004.0 B:0000 L:0044.2
UPID
US38-1293269
Jurisdiction
CHARLEMONT
Zoning & alternative use
R1 · Shelburne Falls, MA
Zoning R1 · permitted uses
R1 · Shelburne Falls, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Shelburne Falls. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1965
Heating
HOT WATER
Stories
1
Buildings
1
Units
1
Rooms
7
Lot
1.33 ac
Current owner
From public records · entity-resolved
Michael A Phelps
Individual
Mailing address
341 MAIN RD, COLRAIN, MA 01340-9756
Ownership since
2001
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 15, 2005
—
Joan Fitzgerald
—
Deed Of Trust
related
$16,000 · Erving Town Of
Feb 20, 2003
—
Fitzgerald,joan M
—
Grant Deed
related
$50,000 · Franklin County Commu
Nov 14, 2001
—
Michael A Phelps
—
Deed Of Trust
related
$14,000 · Bank Of Western Massachusetts
May 11, 2001
$150,000
Michael A Phelps
Brooks,robert C
Grant Deed
$161,250 · Bank Of Western Massachusetts
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?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
