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Property profile & analytics
OFF-MARKET
Investment properties
227 Main St, Norton, MA 02766-1252
Individually Owned
19-yr Hold
Property ID
US38-0287081
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1947
Construction
FRAME
Total area
896 SF
Lot
0.39 ac (16,814 SF)
Zoning code
R40
APN
NORT M:22 P:144
UPID
US38-0287081
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
David J Miller · 19 yrs held
David J Miller
since 2007
7 recorded transactions
Zoning & alternative use
R40 · Norton, MA
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 2022Property tax & assessments
Tax year 2022
Tax billed
$5,499
Tax year 2022
Assessed value
$447,300
Assessed 2024
Previous assessed
$426,900
+4.8% YoY
Effective rate
1.23%
On assessed value
Assessed land
$154,900
Assessed improvement
$292,400
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1947
Construction
FRAME
Heating
HOT WATER
Buildings
2
Stories
1
Units
1
Rooms
4
Bathrooms
1
Total area
896 SF
Lot
0.39 ac (16,814 SF)
Zoning code
R40
APN
NORT M:22 P:144
UPID
US38-0287081
Jurisdiction
NORTON
Zoning & alternative use
R40 · Norton, MA
Zoning R40 · permitted uses
R40 · Norton, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1947
Construction
FRAME
Heating
HOT WATER
Stories
1
Buildings
2
Units
1
Rooms
4
Bathrooms
1
Lot
0.39 ac
Current owner
From public records · entity-resolved
David J Miller
Individual
Mailing address
227 W MAIN ST, NORTON, MA 02766-1252
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2013
—
David J Miller
—
Deed Of Trust
related
$172,500 · Cole Taylor Bank
Apr 9, 2007
$260,000
David J Miller
Derek Hay
Deed
$200,000 · American Mtg Express
Dec 20, 2004
—
Derek Hay
—
Deed Of Trust
related
$215,000 · First Magnus Financial Corp
Jun 25, 2003
$223,000
Michelle E Isbell
Pariseau Flp Int
Grant Deed
$178,400 · First Horizon Home Loan
Jun 25, 2003
—
Isbell,michelle E
—
Grant Deed
related
$26,600 · First Horizon Home Loan
Aug 17, 1999
$137,800
Flp Inv T Pariseau
Rouillard,michael A
Grant Deed
$102,400 · Rockland Trust Co
Dec 1, 1995
—
Michael A Rouillard
—
Deed Of Trust
related
$82,650 · Salem Five Mortgage Corp
Sep 28, 1993
$80,000
Michael A Rouillard
Cardoza,gilbert
Grant Deed
$79,825 · Farragut Mtg Co
Feb 12, 1988
—
Gilbert Cardoza
—
Deed Of Trust
related
$56,000 · New Bedford Inst Svgs
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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