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Property profile & analytics
OFF-MARKET
Estimated value
$845,000
Office buildings
229 Main St, North Easton, MA 02356-1472
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-1291029
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,910 SF
Lot
0.65 ac (28,395 SF)
APN
EAST M:0017U B:0155 L:0000
UPID
US38-1291029
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
-
FedEx Drop Box Shipping Company Freight Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$830k
CAP Approach
CAP
$785k
Comparable Approach
Comparable
$560k
Blend (final)
Blend
$845k
Owner & transaction history
Aves LLC · 3 yrs held
Aves LLC
since 2023
Last sale
$900,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$520,000
+16.5%
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 North Easton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Easton 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
$805,000
ML approach
$830,000
CAP Approach
CAP Return
Estimation
6%
$850,000
6.5%
$785,000
7%
$730,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$520,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$845k
Range $761k – $930k · ±10% · vs last sale $900k (Mar 7 2023)
Last sale anchor
$900k
Mar 7 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
$290 / 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
$8,635
Tax year 2024
Assessed value
$526,500
Assessed 2024
Previous assessed
$526,500
+0.0% YoY
Effective rate
1.64%
On assessed value
Assessed land
$199,800
Assessed improvement
$326,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
2,910 SF
Lot
0.65 ac (28,395 SF)
APN
EAST M:0017U B:0155 L:0000
UPID
US38-1291029
Jurisdiction
EASTON
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
AUTO REPAIR, GARAGE
Est. value
$520,000
AUTO REPAIR, GARAGE
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
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
0.65 ac
Current owner
From public records · entity-resolved
Aves LLC
Entity
Mailing address
229 MAIN ST, NORTH EASTON, MA 02356-1472
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2023
$900,000
Aves LLC
Sks Main St LLC
Deed
$662,000 · Harborone Bank
Mar 7, 2023
—
229 Easton Main St LLC
Easton Town Of
Deed
related
$481,000 · Granite State Economic Development Corp
Dec 29, 2020
—
Jeffrey Salmeri
—
Deed
related
$275,000 · Td Bank NA
Dec 16, 2020
$616,900
Sks Main Street LLC
229 Easton Main St LLC
Quit Claim Deed
—
Feb 18, 2009
$550,000
229 Easton Main St LLC
Easton Sb North
Grant Deed
$275,000 · Rockland Trust Co
Feb 18, 2009
—
229 Easton Main St LLC
—
Deed Of Trust
related
$220,000 · Rockland Trust Co
Nov 2, 2005
$3,000,000
Easton Sb North
Gilmore Int
Grant Deed
—
Mar 10, 1994
$150,000
Easton Sb North
Baybank
Grant Deed
—
Apr 23, 1993
$37,500
Jayne M Matta
North Easton Sb
Grant Deed
$33,000 · North Easton Savings Bank
—
—
Jeffrey Salmeri
—
Deed Of Trust
related
$275,000 · Td Bk NA
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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