Entity Owned Property summary
AI-generated overview
2 Park Central is a three-story Class A office building totaling approximately 50,000 square feet. It is located at the intersection of Route 9 and Interstate 495, about 35 minutes from Boston and Logan International Airport, with direct access to both Route 9 and I-495. The building includes a two-story atrium and renovated common areas. Tenant amenities include an on-site fitness facility, and outdoor amenities feature a pergola with picnic tables and recreation spaces. The property offers multiple office spaces, with available suites starting at approximately 2,260 square feet, and is situated in an area with nearby retail, restaurant, and hotel uses.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
47,734 SF
Lot
3.83 ac (166,835 SF)
Zoning code
I
APN
SBOR M:024.0 B:0000 L:0004.A
UPID
US38-0596802
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Medical Clinic Skin Care Clinic
-
Hair Salon
-
Physician
-
Business Service Center Employment Agency
-
Financial Advisor Insurance Agency
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.41M
Blend (final)
Blend
$6.02M
Owner & transaction history
since 2000
6 recorded transactions
Zoning & alternative use
I · Southborough, MA
Top alternative use upside
Restaurant
$9.0M
+38.7%
Retail stores
$7.5M
+15.4%
Auto repair, garage
$7.3M
+12.8%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
7 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$6.02M
Value range
$5.41M – $6.62M
±10% around blend
Estimated value / SF
$126 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
$5.41M
blend $6.02M
$6.62M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
47,734 SF
Lot area
3.83 ac
Year built
2000
Stories
3
APN
SBOR M:024.0 B:0000 L:0004.A
Zoning
I
Assessed value
$4,400,600
Annual tax
$61,212
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$5.41M
Range $3.54M – $10.06M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$6.02M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 301 sales
$136
-7%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $126/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+39%
vs current-use indication
Retail Stores
Auto Repair, Garage
Office Building · current use
Neighborhood: Shopping Center
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$4.40M
Move the market yield to see immediate price impact.
Value / SF
$92
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$277k
$5.54M
$3.96M
$3.08M
$308k
$6.16M
$4.40M
$3.42M
$339k
$6.78M
$4.84M
$3.76M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$61,212
Tax year 2024
Assessed value
$4,400,600
Assessed 2024
Previous assessed
$4,400,100
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$1,121,600
Assessed improvement
$3,279,000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
3
Units
7
Bathrooms
6
Total area
47,734 SF
Lot
3.83 ac (166,835 SF)
Zoning code
I
APN
SBOR M:024.0 B:0000 L:0004.A
UPID
US38-0596802
Jurisdiction
SOUTHBOROUGH
Zoning & alternative use
I · Southborough, MAZoning I · permitted uses
I · Southborough, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
3
Buildings
1
Units
7
Bathrooms
6
Lot
3.83 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
I
Jurisdiction
Southborough, MA
Recorded code
I
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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