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Property profile & analytics
OFF-MARKET
Estimated value
$1,110,000
Retail space
219-223 Main St, Mansfield, MA 02048
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US38-0411854
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,700 SF
Lot
0.35 ac (15,150 SF)
APN
MANS M:024 B:213
UPID
US38-0411854
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
$1.18M
Blend (final)
Blend
$1.11M
Owner & transaction history
Lin & Zheng Mansfield LLC · 9 yrs held
Lin & Zheng Mansfield LLC
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.6M
+42.7%
Auto repair, garage
$1.2M
+8.5%
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 Mansfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mansfield 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
RETAIL STORES
$1,100,000
Current use
RESTAURANT
$1,570,000
Change: +43% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,190,000
Change: +8% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,075,000
Change: -2% · Conversion: Difficult
OFFICE BUILDING
$1,025,000
Change: -7% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,025,000
Change: -7% · Conversion: Moderate
COMMERCIAL (GENERAL)
$890,000
Change: -19% · Conversion: Easy
WAREHOUSE, STORAGE
$885,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.11M
Range $999k – $1.22M · ±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
$166 / 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
$23,290
Tax year 2024
Assessed value
$1,221,300
Assessed 2024
Previous assessed
$1,221,300
+0.0% YoY
Effective rate
1.91%
On assessed value
Assessed land
$388,400
Assessed improvement
$832,900
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
3
Total area
6,700 SF
Lot
0.35 ac (15,150 SF)
APN
MANS M:024 B:213
UPID
US38-0411854
Jurisdiction
MANSFIELD
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
$1.1M
RESTAURANT
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$890,000
WAREHOUSE, STORAGE
Est. value
$885,000
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
3
Lot
0.35 ac
Current owner
From public records · entity-resolved
Lin & Zheng Mansfield LLC
Entity
Mailing address
1805 CENTRAL AVE, NEEDHAM, MA 02492-1469
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2021
—
Lin&zheng Mansfield LLC
—
Deed
related
$800,000 · Middlesex Savings Bank
Aug 10, 2016
—
Lin & Zheng Mansfield LLC
Ming-lin,tian
Quit Claim Deed
related
—
Aug 1, 2014
$1,075,000
Elm Pond Associates Ll
Elm Pond Associates Ll
Quit Claim Deed
related
$807,000 · Middlesex Savings Bank
Aug 16, 2012
$850,000
Elm Pond Assoc LLC
Ruscito Brothers LLC
Grant Deed
—
Aug 16, 2012
—
Elm Pond Associates LLC
—
Deed Of Trust
related
$768,000 · Needham Cp Bank
Jan 6, 2006
$550,000
Ruscito Brothers LLC
Bri INC
Grant Deed
$440,000 · Needham Cp Bank
Nov 21, 1990
—
Bri INC
—
Deed Of Trust
related
$250,000 · Peoples Bank Brockton
Mar 15, 1990
—
Bri INC
—
Deed Of Trust
related
$250,000 · Shawmut
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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