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Property profile & analytics
OFF-MARKET
Estimated value
$2,765,000
Investment properties
21 Main St, Ashland, MA 01721-1230
Entity Owned
3-yr Hold
Property ID
US38-0815163
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2016
Construction
STONE
Total area
14,490 SF
Lot
0.38 ac (16,683 SF)
Zoning code
30
APN
ASHL M:014.0 B:0021 L:0000.0
UPID
US38-0815163
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
-
The Bagel Table (Bike/Boat/Book/etc) Store Bakery
-
Oak Realty Real Estate Agency
-
CPR Services Physician
-
Start Line Podcast Studio Recording Studio
-
Sesame and Sumac Food And Beverage Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.89M
CAP Approach
CAP
$3.68M
Comparable Approach
Comparable
$3.43M
Blend (final)
Blend
$2.77M
Owner & transaction history
Ft 21 Main St LLC · 3 yrs held
Ft 21 Main St LLC
since 2023
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
30 · Ashland, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.2M
+12.4%
Auto repair, garage
$4.1M
+8.9%
Neighborhood: shopping center
$4.0M
+7.2%
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 Ashland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ashland 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
$2,865,000
ML approach
$2,890,000
CAP Approach
CAP Return
Estimation
6%
$3,985,000
6.5%
$3,680,000
7%
$3,415,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,745,000
Current use
RESTAURANT
$4,205,000
Change: +12% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,080,000
Change: +9% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,015,000
Change: +7% · Conversion: Difficult
RETAIL STORES
$3,905,000
Change: +4% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,340,000
Change: -11% · Conversion: Moderate
OFFICE BUILDING
$3,170,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$2.77M
Range $2.49M – $3.04M · ±10% · vs last sale $2.65M (Apr 14 2023)
Last sale anchor
$2.65M
Apr 14 2023
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
$191 / 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
$43,173
Tax year 2024
Assessed value
$3,260,800
Assessed 2024
Previous assessed
$3,260,800
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$720,000
Assessed improvement
$2,540,800
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2016
Construction
STONE
Heating
STEAM
Buildings
3
Stories
2
Rooms
6
Bathrooms
1
Total area
14,490 SF
Lot
0.38 ac (16,683 SF)
Zoning code
30
APN
ASHL M:014.0 B:0021 L:0000.0
UPID
US38-0815163
Jurisdiction
ASHLAND
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
30 · Ashland, MA
Zoning 30 · permitted uses
30 · Ashland, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ashland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.7M
RESTAURANT
Est. value
$4.2M
AUTO REPAIR, GARAGE
Est. value
$4.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.0M
RETAIL STORES
Est. value
$3.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.3M
OFFICE BUILDING
Est. value
$3.2M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
2016
Construction
STONE
Heating
STEAM
Stories
2
Buildings
3
Rooms
6
Bathrooms
1
Lot
0.38 ac
Current owner
From public records · entity-resolved
Ft 21 Main St LLC
Entity
Mailing address
192 GOODMANS HL RD, SUDBURY, MA 01776-2414
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2023
—
Ft 21 Main St LLC
Familiar Ft
Quit Claim Deed
related
—
Nov 15, 2019
$2,650,000
Familiar Ft
21 Main Street LLC
Quit Claim Arm's Length For Ne States
$1,910,000 · Eastern Bank
Feb 20, 2015
$379,000
21 Main Street LLC
Jenkins Casey
Quit Claim Deed
—
Dec 6, 2012
$1
Jenkins,casey
Jenkins,casey
Grant Deed
related
—
Dec 6, 2012
—
Casey Jenkins
—
Deed Of Trust
related
$285,000 · Nationstar Mortgage LLC
Aug 3, 2007
$305,000
Casey Antoine
Bowen,r David JR
Grant Deed
$274,500 · Primary Residential Mortgage
Jul 31, 2003
—
Sherborn Crossing LLC
—
Deed Of Trust
related
$1,800,000 · Walpole Coop Bank
Sep 7, 2001
$230,000
R David Bowen JR.
Bean,carolyn
Grant Deed
$184,000 · Wells Fargo Mortgage
Oct 20, 1995
$117,000
Carolyn Coco
Alberini,robert L
Grant Deed
$110,650 · Shawmut Mtg Co
May 19, 1993
—
Robert L Alberini
—
Deed Of Trust
related
$50,000 · Middlesex Savings Bank
Nov 4, 1987
—
Robert L Alberini
—
Deed Of Trust
related
$17,000 · Old Stone Bank
May 27, 1987
—
Robert L Alberini
—
Deed Of Trust
related
$40,000 · Middlesex 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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