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Property profile & analytics
OFF-MARKET
Estimated value
$9,430,000
Grocery and convenience stores
21 Timpany Blvd, Gardner, MA 01440
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0451805
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
41,644 SF
Lot
2.7 ac (117,612 SF)
APN
GARD M:R22 B:21 L:13
UPID
US38-0451805
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
-
ATM Atm
-
Coinstar Kiosk | Bitcoin ATM Atm Currency Exchange Service
-
Hannaford Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.45M
CAP Approach
CAP
$9.48M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.43M
Owner & transaction history
Exchangeright Net Dst T · 4 yrs held
Exchangeright Net Dst T
since 2022
Last sale
$13.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.9M
+20.2%
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 Gardner submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gardner 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
$12,620,000
ML approach
$9,450,000
CAP Approach
CAP Return
Estimation
6%
$10,265,000
6.5%
$9,475,000
7%
$8,795,000
Alternative Use
Use
Estimation
RETAIL STORES
$6,535,000
Current use
RESTAURANT
$7,850,000
Change: +20% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,390,000
Change: -2% · Conversion: Difficult
OFFICE BUILDING
$5,665,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$9.43M
Range $8.49M – $10.37M · ±10% · vs last sale $13.08M (Feb 17 2022)
Last sale anchor
$13.08M
Feb 17 2022
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
$226 / 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
$38,010
Tax year 2024
Assessed value
$2,535,700
Assessed 2024
Previous assessed
$2,535,700
+0.0% YoY
Effective rate
1.50%
On assessed value
Assessed land
$305,300
Assessed improvement
$2,230,400
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
2
Bathrooms
2
Total area
41,644 SF
Lot
2.7 ac (117,612 SF)
APN
GARD M:R22 B:21 L:13
UPID
US38-0451805
Jurisdiction
GARDNER
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
$6.5M
RESTAURANT
Est. value
$7.9M
AUTO REPAIR, GARAGE
Est. value
$6.4M
OFFICE BUILDING
Est. value
$5.7M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
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
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
2
Bathrooms
2
Lot
2.7 ac
Current owner
From public records · entity-resolved
Exchangeright Net Dst T
Individual
Mailing address
1055 E COLORADO BLVD STE #310, PASADENA, CA 91106-2374
Ownership since
2022
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
Mar 10, 2022
—
Exchangeright Port 54 Dst
—
Deed
related
$87,893,833 · Morgan Stanley Credit Corp
Feb 17, 2022
$13,075,000
Exchangeright Net Dst T
21 Timpany Boulevard LLC
Quit Claim Arm's Length For Ne States
—
Jun 9, 2015
$13,000,000
21 Timpany Boulevard LLC
Thompson Timpany Blvd LLC
Quit Claim Deed
—
Nov 9, 2012
$9,250,000
Thompson Timpany Blvd LLC
Gm Crimson LLC
Grant Deed
—
Mar 13, 2006
$8,200,000
Gm Crimson LLC
Gardner Timpany LLC
Grant Deed
$6,000,000 · Bear Stevens Funding
Jun 18, 1998
—
Gardner Timpany LLC
—
Deed Of Trust
related
$1,350,000 · Misc Other
—
—
21 Timpany Boulevard LLC
—
Deed Of Trust
related
$6,000,000 · Bank Of America
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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