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Property profile & analytics
OFF-MARKET
Turn key restaurants
215 Worcester St, Norton, MA 02766-3410
Individually Owned
17-yr Hold
Free & Clear
Property ID
US38-2303893
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,102 SF
Lot
0.56 ac (24,568 SF)
APN
NORT M:27 P:187
UPID
US38-2303893
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
-
MCM Pools Inc. General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mahoney,daniel J Tr · 17 yrs held
Mahoney,daniel J Tr
since 2008
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 Norton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norton 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,207
Tax year 2024
Assessed value
$304,000
Assessed 2024
Previous assessed
$299,700
+1.4% YoY
Effective rate
1.38%
On assessed value
Assessed land
$168,400
Assessed improvement
$135,600
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
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
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Total area
2,102 SF
Lot
0.56 ac (24,568 SF)
APN
NORT M:27 P:187
UPID
US38-2303893
Jurisdiction
NORTON
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
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
0.56 ac
Current owner
From public records · entity-resolved
Mahoney,daniel J Tr
Individual
Free & Clear · 17 yrs held
Mailing address
215 S WORCESTER ST, NORTON, MA 02766-3410
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2009
—
Mahoney,daniel J Tr
—
Deed Of Trust
related
$105,000 · Sovereign Bank
Dec 29, 2008
$182,500
Mahoney,daniel J Tr
Ib Prop Holdings LLC
Grant Deed
—
Dec 29, 2008
—
Montione Ft
—
Grant Deed
related
$105,000 · Sovereign Bank
Aug 14, 2008
$164,900
Ib Prop Holdings LLC
Smith,stuart L
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Nov 15, 2004
—
Stuart L Smith
—
Deed Of Trust
related
$15,000 · Union Main Corp
Oct 6, 2004
—
Stuart Smith
—
Deed Of Trust
related
$45,000 · Walter W Salvador
Sep 21, 2004
$345,000
Stuart L Smith
215 S Worcester St RT
Grant Deed
$212,100 · Equity One INC
Jan 27, 2004
—
215 South Worcest
—
Deed Of Trust
related
$35,000 · Dora Lobosco
Jan 22, 2003
—
Two Fifteen South Worcest
—
Deed Of Trust
related
$100,000 · Lora Lobosco
Dec 28, 2001
—
215 S Worcester St. RT
—
Deed Of Trust
related
$45,000 · South Eastern Econ Dev Corp
May 24, 2001
—
215 S Worcester St. Nt
—
Deed Of Trust
related
$50,000 · Dora Lobosco
Sep 28, 2000
—
215 S Worcester St. Nt
—
Deed Of Trust
related
$134,150 · First Trade Union Savings Bank
Oct 14, 1999
—
Norton Tavern INC
—
Deed Of Trust
related
$100,000 · First Trade Union Savings Bank
Oct 27, 1998
—
Norton Tavern INC
—
Deed Of Trust
related
$35,000 · Misc Other
Jan 5, 1998
$2,300,000
Tech Nt Norton
Flatley,thomas J
Grant Deed
—
Nov 20, 1987
—
Neville RT
—
Deed Of Trust
related
$110,000 · Zwi Kohorn
Nov 19, 1987
$175,000
Neville RT
Simmons,gilbert L
Grant Deed
$110,000 · Zenon Grzybowski
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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