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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Investment properties
233 Main St Norton, MA 02766-2132
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US38-1775487
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1960
Total area
2,573 SF
Lot
1.15 ac (50,094 SF)
Zoning code
R40
APN
NORT M:21 P:91-01
UPID
US38-1775487
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
$675k
CAP Approach
CAP
$470k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$690k
Owner & transaction history
Hansen Associates INC · 1 yrs held
Hansen Associates INC
since 2025
Last sale
$687,500
3 recorded transactions
Zoning & alternative use
R40 · Norton, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
In Commercial Districts adjacent to the boundary of a Residential Eighty (R-80), Residential Sixty (R-60), or Residential Forty (R-40) District, there shall be provided, other than along a street, a buffer strip not less than 50 feet wide. Such buffer strip shall be landscaped and planted with grass, shrubs, trees or other plants which may provide a visual s…
Zone name
Residential Forty
General category
RESIDENTIAL
Zone area
3,209.30 ac
Top alternative use upside
Auto repair, garage
$460,000
+19.5%
Retail stores
$420,000
+10.1%
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
Method
Estimation
Statistic approach
$705,000
ML approach
$675,000
CAP Approach
CAP Return
Estimation
6%
$505,000
6.5%
$470,000
7%
$435,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$460,000
Change: +19% · Conversion: Difficult
RETAIL STORES
$420,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$690k
Range $621k – $759k · ±10% · vs last sale $688k (Feb 19 2025)
Last sale anchor
$688k
Feb 19 2025
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
$268 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$5,268
Tax year 2022
Assessed value
$280,400
Assessed 2024
Previous assessed
$418,600
-33.0% YoY
Effective rate
1.88%
On assessed value
Assessed land
$162,900
Assessed improvement
$117,500
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
1960
Heating
HOT WATER
Buildings
1
Stories
2
Units
1
Rooms
6
Total area
2,573 SF
Lot
1.15 ac (50,094 SF)
Zoning code
R40
APN
NORT M:21 P:91-01
UPID
US38-1775487
Jurisdiction
NORTON
Zoning & alternative use
R40 · Norton, MAZoning R40 · permitted uses
R40 · Norton, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
In Commercial Districts adjacent to the boundary of a Residential Eighty (R-80), Residential Sixty (R-60), or Residential Forty (R-40) District, there shall be provided, other than along a street, a buffer strip not less than 50 feet wide. Such buffer strip shall be landscaped and planted with grass, shrubs, trees or other plants which may provide a visual screen, and may contain fences, ornamental and acoustic walls, driveways, and walks, but no part of any building, structure, or paved space intended or used as a parking area shall be located within such buffer strip. Where commercial properties adjoin residential properties, regardless of zoning district, a buffer of 20 feet shall be reserved and screening adequate for the situation and characteristics of the use shall be provided in the form of thick planting, walls or earthen berms, to be at least four feet high or higher if prescribed.
Zone name
Residential Forty
General category
RESIDENTIAL
Zone area
3,209.30 ac
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$460,000
RETAIL STORES
Est. value
$420,000
AUTO REPAIR, GARAGE
RETAIL STORES
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
1960
Heating
HOT WATER
Stories
2
Buildings
1
Units
1
Rooms
6
Lot
1.15 ac
Current owner
From public records · entity-resolved
Hansen Associates INC
Entity
Mailing address
1 ALLENSON AVE, ATTLEBORO, MA 02703-7802
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 2025
$687,500
Hansen Associates INC
Tavares Hm Solutions INC
Deed
$1,881,500 · North Easton Savings Bank
May 3, 2022
$287,500
Tavares Hm Solutions INC
Jose Estremera
Quit Claim Arm's Length For Ne States
—
Nov 4, 2020
—
Jose Estremera
Gertrude Estremera
Quit Claim Deed
related
—
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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