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Property profile & analytics
OFF-MARKET
Estimated value
$1,980,000
Office buildings
205 Grv St, Middleboro, MA 02346-1462
Individually Owned
25-yr Hold
~
Est. High Equity
Property ID
US38-0366459
Property summary
AI-generated overview
This exceptional 1,386 square foot office space is located at 205 W Grove St, Middleborough, MA 02346, within the Class A Allison's Crossing plaza. Situated in a single-story, 11,926 square foot building constructed in 2002, this unit offers a versatile layout ideal for a variety of professional uses. The space includes two ADA-compliant bathrooms, open workspace, three private offices, and open cube space. The unit is equipped with a fire sprinkler system and benefits from ample parking with ADA accessibility. The property's prominent location on Route 28 ensures high visibility thanks to a pylon sign, attracting significant foot and vehicle traffic. Convenient access to major highways, including Routes 24, 28, 44, and Interstate 495, makes commuting effortless for employees and clients. This is a perfect opportunity for attorneys, CPAs, other professional service providers, or small businesses seeking a well-appointed and easily accessible office space in a thriving location. The building features 41 total parking spaces.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2002
Construction
FRAME
Total area
11,280 SF
Lot
3.46 ac (150,605 SF)
APN
MIDD M:00049 L:6089 U:0000
UPID
US38-0366459
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
$2.06M
Blend (final)
Blend
$1.98M
Owner & transaction history
Grove St RT West · 25 yrs held
Grove St RT West
since 2001
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.0M
+30.5%
Industrial (general)
$2.6M
+12.4%
Retail stores
$2.3M
+2.7%
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 Middleboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middleboro 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
OFFICE BUILDING
$2,280,000
Current use
RESTAURANT
$2,975,000
Change: +31% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$2,560,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$2,340,000
Change: +3% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,330,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$1.98M
Range $1.78M – $2.18M · ±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
$176 / 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
$18,850
Tax year 2024
Assessed value
$1,313,600
Assessed 2024
Previous assessed
$1,289,500
+1.9% YoY
Effective rate
1.43%
On assessed value
Assessed land
$239,800
Assessed improvement
$1,073,800
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2002
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
9
Rooms
22
Bathrooms
8
Total area
11,280 SF
Lot
3.46 ac (150,605 SF)
APN
MIDD M:00049 L:6089 U:0000
UPID
US38-0366459
Jurisdiction
MIDDLEBORO
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
OFFICE BUILDING Current
Est. value
$2.3M
RESTAURANT
Est. value
$3.0M
INDUSTRIAL (GENERAL)
Est. value
$2.6M
RETAIL STORES
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.3M
OFFICE BUILDING Current
RESTAURANT
INDUSTRIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
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
2002
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
9
Rooms
22
Bathrooms
8
Lot
3.46 ac
Current owner
From public records · entity-resolved
Grove St RT West
Individual
Mailing address
PO BOX 2599, ATTLEBORO FALLS, MA 02763-0894
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2010
—
Grove Street RT West
—
Deed Of Trust
related
$825,000 · Rockland Trust Co
Feb 1, 2001
$20,000
Grove St RT West
Bayside Agricultural
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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