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Property profile & analytics
OFF-MARKET
Estimated value
$3,105,000
Retail space
2 Milliston Rd, Millis, MA 02054-1600
Individually Owned
34-yr Hold
Free & Clear
Property ID
US38-1537358
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2010
Construction
STEEL FRAME
Total area
13,087 SF
Lot
1.1 ac (47,916 SF)
APN
MILL M:024 B:0000125
UPID
US38-1537358
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
-
Santander Bank ATM Atm
-
CVS Photo (Bike/Boat/Book/etc) Store
-
CVS Cosmetic Store
-
CVS Pharmacy Pharmacy
-
MoneyGram Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.43M
Comparable Approach
Comparable
$2.37M
Blend (final)
Blend
$3.11M
Owner & transaction history
Ellen RT · 34 yrs held
Ellen RT
since 1992
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.2M
+10.0%
Office building
$3.8M
+0.2%
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 Millis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Millis 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%
$3,710,000
6.5%
$3,425,000
7%
$3,180,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,830,000
Current use
AUTO REPAIR, GARAGE
$4,215,000
Change: +10% · Conversion: Difficult
OFFICE BUILDING
$3,840,000
Change: +0% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,760,000
Change: -2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,350,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$3.11M
Range $2.79M – $3.42M · ±10%
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
$237 / 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
$68,870
Tax year 2024
Assessed value
$4,194,300
Assessed 2024
Previous assessed
$4,194,300
+0.0% YoY
Effective rate
1.64%
On assessed value
Assessed land
$687,500
Assessed improvement
$3,506,800
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2010
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
13,087 SF
Lot
1.1 ac (47,916 SF)
APN
MILL M:024 B:0000125
UPID
US38-1537358
Jurisdiction
MILLIS
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.8M
AUTO REPAIR, GARAGE
Est. value
$4.2M
OFFICE BUILDING
Est. value
$3.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.8M
COMMERCIAL (GENERAL)
Est. value
$3.4M
RETAIL STORES Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
2010
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
1.1 ac
Current owner
From public records · entity-resolved
Ellen RT
Individual
Free & Clear · 34 yrs held
Mailing address
730 MAIN ST, MILLIS, MA 02054-1612
Ownership since
1992
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 3, 2011
—
2 Milliston Road LLC
—
Deed Of Trust
related
$4,000,000 · Middlesex Savings Bank
Dec 1, 2000
—
Milliston Cmn INC
—
Deed Of Trust
related
$5,000,000 · Bear Stevens Funding
Jul 17, 1996
—
Ellen RT
—
Deed Of Trust
related
$194,000 · Middlesex Savings Bank
May 6, 1992
—
Ellen RT
—
Deed Of Trust
related
$200,000 · Middlesex Savings Bank
Feb 21, 1992
$388,000
Ellen RT
Davna Corp
Grant Deed
—
May 5, 1988
$100,000
Davna Corp
Mn Dev Corp
Grant Deed
—
Dec 22, 1987
$800,000
Milliston Common INC
Rosenfeld,huna
Grant Deed
—
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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