Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,045,000
Retail properties & Spaces
23 Messenger St Plainville, MA 02762-5011
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US38-1321276
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1989
Construction
WOOD FRAME
Total area
15,000 SF
Lot
1.34 ac (58,370 SF)
Zoning code
CA
APN
PLAI M:10 L:19
UPID
US38-1321276
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
$2.73M
Blend (final)
Blend
$2.05M
Owner & transaction history
Village 106 LLC · 7 yrs held
Village 106 LLC
since 2019
7 recorded transactions
Zoning & alternative use
CA · Plainville, 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 Plainville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Plainville 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
Blend value · Realmo final
$2.05M
Range $1.84M – $2.25M · ±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
$136 / 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
$26,655
Tax year 2024
Assessed value
$1,418,600
Assessed 2024
Previous assessed
$1,418,600
+0.0% YoY
Effective rate
1.88%
On assessed value
Assessed land
$490,600
Assessed improvement
$928,000
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 properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1989
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
11
Bathrooms
8
Total area
15,000 SF
Lot
1.34 ac (58,370 SF)
Zoning code
CA
APN
PLAI M:10 L:19
UPID
US38-1321276
Jurisdiction
PLAINVILLE
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
CA · Plainville, MA
Zoning CA · permitted uses
CA · Plainville, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Plainville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1989
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
11
Bathrooms
8
Lot
1.34 ac
Current owner
From public records · entity-resolved
Village 106 LLC
Entity
Mailing address
25 MESSENGER ST STE #6, PLAINVILLE, MA 02762-5012
Ownership since
2019
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
Nov 18, 2021
—
Village 106 LLC
—
Deed
related
$1,950,000 · Walpole Cooperative Bank
Jun 22, 2020
—
Village 106 LLC
—
Deed
related
$1,950,000 · 13-15 Messenger St
Jun 21, 2019
$1,000,000
Village 106 LLC
13-15 Messenger St LLC
Quit Claim Deed
$1,950,000 · Miscellaneous Bk
Dec 16, 1997
$600,000
Steven Sahagian
Orsett&messenger Prop
Grant Deed
$540,000 · Rockland Trust Co
Jan 29, 1992
$560,000
Fleet Natl Bk
Mar Develop Corp
Grant Deed
related
—
Jul 2, 1990
—
Mar Dev Corp
—
Deed Of Trust
related
$200,000 · First Trade Union Savings Bank
—
—
Village 106 LLC
—
Deed Of Trust
related
$1,950,000 · 13-15 Messenger St
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 23 Messenger St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
