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Property profile & analytics
OFF-MARKET
Turn key restaurants
198 Millbury Ave, Millbury, MA 01527-3420
Individually Owned
7-yr Hold
Free & Clear
Property ID
US38-2226067
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1920
Construction
FRAME
Total area
2,563 SF
Lot
0.09 ac (3,920 SF)
Zoning code
B2
APN
MILB M:023 B:0000046 L:
UPID
US38-2226067
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
Daniel Rizika · 7 yrs held
Daniel Rizika
since 2019
7 recorded transactions
Zoning & alternative use
B2 · 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
$5,521
Tax year 2024
Assessed value
$417,300
Assessed 2024
Previous assessed
$417,300
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$56,400
Assessed improvement
$360,900
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1920
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
3
Rooms
5
Total area
2,563 SF
Lot
0.09 ac (3,920 SF)
Zoning code
B2
APN
MILB M:023 B:0000046 L:
UPID
US38-2226067
Jurisdiction
MILLBURY
Zoning & alternative use
B2 · Millbury, MA
Zoning B2 · permitted uses
B2 · 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
1920
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
3
Rooms
5
Lot
0.09 ac
Current owner
From public records · entity-resolved
Daniel Rizika
Individual
Free & Clear · 7 yrs held
Mailing address
18 MNR RD, MILLBURY, MA 01527-3347
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2019
$238,500
Daniel Rizika
Fitzys Real Easte INC
Quit Claim Deed
—
Dec 29, 2006
$300,000
Fitzys Re INC
Odoherty,sean
Grant Deed
$257,000 · Hometown Bank Coop
Jan 12, 2005
$275,000
Sean O'doherty
Millbury Townof Re LLC
Deed
$212,100 · Equity One INC
Feb 19, 2003
—
Mill Town Real Est LLC
—
Deed Of Trust
related
$160,000 · Banknorth NA
Nov 1, 2002
$220,000
Mill Town Real Est LLC
Krassopoulos,a
Grant Deed
$225,000 · Flagship Bank & Trust
Sep 12, 2002
—
Anastasios Krassopouls
—
Deed Of Trust
related
$15,000 · Fleet National Bank
Aug 4, 1992
—
Anastasios Krassopouls
—
Deed Of Trust
related
$15,000 · Peoples Bank Worcester
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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