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Property profile & analytics
FOR SALE
Industrial properties
190 Pleasant St, Ashland, MA 01721
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-1723354
For Sale
1 / 2
$2,345,000
190 Pleasant St, Ashland, MA 01721
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1983
Total area
7,020 SF
Lot
1.06 ac (46,174 SF)
Zoning code
I
APN
ASHL M:013.0 B:0106 L:0000.0
UPID
US38-1723354
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
$1.26M
CAP Approach
CAP
$1.15M
Comparable Approach
Comparable
$892k
Blend (final)
Blend
$1.26M
Owner & transaction history
Stonegate 190 Pleasant St · 4 yrs held
Stonegate 190 Pleasant St
since 2021
Last sale
$1.3M
5 recorded transactions
Zoning & alternative use
I · Ashland, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.0M
+89.1%
Auto repair, garage
$2.0M
+83.4%
Neighborhood: shopping center
$1.9M
+80.5%
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 Ashland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ashland 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
$1,205,000
ML approach
$1,260,000
CAP Approach
CAP Return
Estimation
6%
$1,245,000
6.5%
$1,150,000
7%
$1,065,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,080,000
Current use
RESTAURANT
$2,040,000
Change: +89% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,975,000
Change: +83% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,945,000
Change: +81% · Conversion: Difficult
RETAIL STORES
$1,890,000
Change: +76% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,815,000
Change: +68% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,615,000
Change: +50% · Conversion: Difficult
OFFICE BUILDING
$1,535,000
Change: +43% · Conversion: Difficult
Blend value · Realmo final
$1.26M
Range $1.13M – $1.38M · ±10% · vs last sale $1.28M (Sep 13 2021)
Last sale anchor
$1.28M
Sep 13 2021
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
$179 / 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
$12,475
Tax year 2024
Assessed value
$942,200
Assessed 2024
Previous assessed
$942,200
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$366,200
Assessed improvement
$576,000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Sale
Year built
1983
Heating
SPACE
Stories
1
Units
1
Total area
7,020 SF
Lot
1.06 ac (46,174 SF)
Zoning code
I
APN
ASHL M:013.0 B:0106 L:0000.0
UPID
US38-1723354
Jurisdiction
ASHLAND
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
I · Ashland, MA
Zoning I · permitted uses
I · Ashland, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ashland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.1M
RESTAURANT
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.9M
RETAIL STORES
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.5M
INDUSTRIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
1983
Heating
SPACE
Stories
1
Units
1
Lot
1.06 ac
Current owner
From public records · entity-resolved
Stonegate 190 Pleasant St
Individual
Mailing address
235 W CENTRAL ST, NATICK, MA 01760-3770
Ownership since
2021
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
Feb 24, 2022
—
Stonegate 190 Pleasant St
—
Deed
related
$1,380,000 · Needham Bank
Sep 13, 2021
$1,275,000
Stonegate 190 Pleasant St
190 Pleasant Street LLC
Quit Claim Arm's Length For Ne States
—
Dec 31, 2013
$790,000
190 Pleasant Street LLC
Cp Enterprises LLC
Quit Claim Deed
—
Jun 5, 2009
—
Cp Enterprises LLC
—
Deed Of Trust
related
$660,000 · Middlesex Savings Bank
Dec 12, 2002
$450,000
Cp Ent Lcc
Cialdea RT
Grant Deed
$360,000 · Gary Needham
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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