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Property profile & analytics
OFF-MARKET
Estimated value
$3,935,000
Super regional malls
2 Mazzeo Dr Randolph, MA 02368-3402
Individually Owned
1-yr Hold
Free & Clear
Property ID
US38-1493801
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1975
Construction
STEEL FRAME
Total area
28,754 SF
Lot
1.49 ac (64,904 SF)
Zoning code
GBHD
APN
RAND M:57 B:D L:00101
UPID
US38-1493801
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
Current use
Occupant on record · Public records
-
Monti's Variety Grocery & Convenience Store
-
ATM Atm
-
York Plaza Business Service Center Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.94M
Owner & transaction history
Mazzeo Dr RT · 1 yrs held
Mazzeo Dr RT
since 2025
Last sale
$4.8M
4 recorded transactions
Zoning & alternative use
GBHD · Randolph, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
GBHD district is intended to promote business related uses.
Zone name
Great Bear Swamp Highway District
General category
COMMERCIAL
Zone area
87.70 ac
Source
Realmo
Top alternative use upside
Retail stores
$5.3M
+297.8%
Restaurant
$5.1M
+283.3%
Office building
$4.2M
+210.6%
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 Randolph submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Randolph 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
RETAIL STORES
$5,320,000
Change: +298% · Conversion: Easy
RESTAURANT
$5,125,000
Change: +283% · Conversion: Difficult
OFFICE BUILDING
$4,155,000
Change: +211% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,600,000
Change: +169% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,580,000
Change: +168% · Conversion: Difficult
MEDICAL BUILDING
$3,290,000
Change: +146% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,935,000
Change: +120% · Conversion: Easy
Blend value · Realmo final
$3.94M
Range $3.54M – $4.33M · ±10% · vs last sale $4.80M (Feb 1 2025)
Last sale anchor
$4.80M
Feb 1 2025
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
$137 / 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
$68,428
Tax year 2024
Assessed value
$3,086,500
Assessed 2024
Previous assessed
$2,915,900
+5.9% YoY
Effective rate
2.22%
On assessed value
Assessed land
$780,000
Assessed improvement
$2,306,500
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1975
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
8
Bathrooms
17
Total area
28,754 SF
Lot
1.49 ac (64,904 SF)
Zoning code
GBHD
APN
RAND M:57 B:D L:00101
UPID
US38-1493801
Jurisdiction
RANDOLPH
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
GBHD · Randolph, MAZoning GBHD · permitted uses
GBHD · Randolph, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
GBHD district is intended to promote business related uses.
Zone name
Great Bear Swamp Highway District
General category
COMMERCIAL
Zone area
87.70 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$5.3M
RESTAURANT
Est. value
$5.1M
OFFICE BUILDING
Est. value
$4.2M
AUTO REPAIR, GARAGE
Est. value
$3.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.6M
MEDICAL BUILDING
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$2.9M
RETAIL STORES
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1975
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
8
Bathrooms
17
Lot
1.49 ac
Current owner
From public records · entity-resolved
Mazzeo Dr RT
Individual
Free & Clear · 1 yrs held
Mailing address
21 MAZZEO DR, RANDOLPH, MA 02368-3448
Ownership since
2025
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
May 1, 2025
—
Mazzeo Dr RT
Mazzeo LLC
Quitclaim Deed
related
—
May 1, 2025
$4,800,000
Shree RT
Mazzeo Dr RT
Deed
$3,840,000 · Bankprov
Jun 1, 2015
—
Mazzeo LLC
Jablonski Barbara F
Quit Claim Deed
related
—
Mar 25, 2014
—
Mazzeo Drive RT
Jablonski,barbara F
Quit Claim Deed
related
—
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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