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Property profile & analytics
OFF-MARKET
Retail properties & Spaces
18 Riv St, Millbury, MA 01527-2642
Entity Owned
3-yr Hold
Free & Clear
Property ID
US38-1481074
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1900
Construction
FRAME
Total area
6,195 SF
Lot
0.17 ac (7,405 SF)
Zoning code
R1
APN
MILB M:053 B:0000018 L:
UPID
US38-1481074
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
57 Carousel LLC · 3 yrs held
57 Carousel LLC
since 2022
Last sale
$430,000
5 recorded transactions
Zoning & alternative use
R1 · Millbury, 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 Millbury submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Millbury 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
$6,772
Tax year 2024
Assessed value
$511,900
Assessed 2024
Previous assessed
$511,900
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$101,700
Assessed improvement
$410,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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 properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
3
Units
7
Rooms
24
Bathrooms
8
Total area
6,195 SF
Lot
0.17 ac (7,405 SF)
Zoning code
R1
APN
MILB M:053 B:0000018 L:
UPID
US38-1481074
Jurisdiction
MILLBURY
Zoning & alternative use
R1 · Millbury, MA
Zoning R1 · permitted uses
R1 · Millbury, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Millbury. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1900
Construction
FRAME
Heating
HOT WATER
Stories
3
Buildings
1
Units
7
Rooms
24
Bathrooms
8
Lot
0.17 ac
Current owner
From public records · entity-resolved
57 Carousel LLC
Entity
Free & Clear · 3 yrs held
Mailing address
5 MASON ST, WORCESTER, MA 01609-1803
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2025
—
57 Carousel LLC
—
Deed
related
$550,000 · All One Credit Union
Nov 15, 2022
—
57 Carousel LLC
Reginald P Gauthier T
Quit Claim Deed
related
—
Mar 14, 2007
$1
Reginald Gauthier
Gg & Rg Realty LLC
Grant Deed
related
—
Apr 17, 2003
$430,000
Gg&rg Rlty LLC
Light,daniel J SR
Grant Deed
$344,000 · Millbury National Bank
Apr 30, 1999
$150,000
Daniel J Light SR.
Bize Realty Co
Grant Deed
$120,000 · Millbury Savings 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.
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