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Property profile & analytics
OFF-MARKET
Estimated value
$1,020,000
Turn key restaurants
206 Main St, Georgetown, MA 01833-1445
Individually Owned
~
Est. High Equity
Property ID
US38-2513455
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2002
Construction
FRAME
Total area
7,764 SF
Lot
1.8 ac (78,408 SF)
APN
GEOR M:0006B B:00000 L:00053
UPID
US38-2513455
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
$775k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.36M
Blend (final)
Blend
$1.02M
Owner & transaction history
Michael W Papell
Michael W Papell
since 2026
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
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 Georgetown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Georgetown 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
$825,000
ML approach
$775,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.02M
Range $918k – $1.12M · ±10% · vs last sale $1.25M (Jan 16 2026)
Last sale anchor
$1.25M
Jan 16 2026
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
$131 / 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
$7,785
Tax year 2024
Assessed value
$620,300
Assessed 2024
Previous assessed
$620,800
-0.1% YoY
Effective rate
1.26%
On assessed value
Assessed land
$237,800
Assessed improvement
$382,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2002
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Bathrooms
2
Total area
7,764 SF
Lot
1.8 ac (78,408 SF)
APN
GEOR M:0006B B:00000 L:00053
UPID
US38-2513455
Jurisdiction
GEORGETOWN
Metro division
ESSEX COUNTY, 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
Building & site characteristics
From public records
Year built
2002
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Bathrooms
2
Lot
1.8 ac
Current owner
From public records · entity-resolved
Michael W Papell
Individual
Mailing address
499 E BROADWAY, HAVERHILL, MA 01830-4309
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2026
$1,250,000
Michael W Papell
Rock Pond Development LLC
Deed
$700,000 · Morgan Stanley Private Bank
Dec 12, 2025
$1,100,000
Zsolt Badics
Rock Pond Development LLC
Deed
$625,000 · Crosscountry Mortgage INC
Oct 21, 2025
—
Rock Pond Development LLC
—
Deed
related
$2,500,000 · Frank J Franzone JR
Sep 6, 2023
—
Rock Pond Development LLC
—
Deed
related
$2,225,000 · Haverhill Bank
Aug 26, 2021
$650,000
Rock Pond Development LLC
Jeffrey M Snyder
Quit Claim Arm's Length For Ne States
$450,000 · Lowell Five Cents Savings Bank
Jan 22, 2019
$492,000
Jeffrey M Snyder
Pond Rock
Quit Claim Deed
—
Jan 21, 2011
—
Rock Pond RT
—
Deed Of Trust
related
$675,000 · South Shore Bank
Dec 29, 2010
$1
Rock Pond RT
Combined Investments LLC
Grant Deed
—
Nov 30, 2010
$1
Combined Investments LLC
Farah,sadallah N
Grant Deed
—
May 4, 2007
$1
Sadallah N Farah
206 West Main Street RT
Grant Deed
—
May 4, 2007
—
Haikal Farah
—
Deed Of Trust
related
$900,000 · Greenpoint Mortgage Funding
Sep 25, 2006
—
206 West Main Street RT
—
Deed Of Trust
related
$210,000 · Lenders T LLC
Dec 20, 2004
$383,000
206 West Main Street RT
Georgetown Sb
Grant Deed
$565,000 · Georgetown Savings Bank
Oct 20, 2004
$1
Graham F Archer
Archer RT
Grant Deed
related
—
Oct 31, 2001
$600,000
Archer RT
Mohawk RT
Grant Deed
$450,000 · Zenon Grzybowski
Oct 31, 2001
—
Archer RT
—
Deed Of Trust
related
$387,500 · Georgetown Savings Bank
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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