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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Office buildings
24 Massachusetts Ave Lunenburg, MA 01462-1273
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-2473975
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1900
Total area
5,020 SF
Lot
0.4 ac (17,250 SF)
Zoning code
C
APN
LUNE M:076.0 B:0008 L:0000.0
UPID
US38-2473975
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
-
Straight Real Estate Solutions- Coldwell Banker Realty Real Estate Agency
-
Ramey Music Alternative Medicine Practice
-
Brooke Chamberland Foster Care Service Social Service Agency
-
The Hair Loft Hair Salon Nail Salon
-
HairbyKay Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$570k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$452k
Blend (final)
Blend
$570k
Owner & transaction history
Legacy Rlty Partners LLC · 2 yrs held
Legacy Rlty Partners LLC
since 2024
Last sale
$568,000
5 recorded transactions
Zoning & alternative use
C · Lunenburg, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$945,000
+38.7%
Retail stores
$790,000
+15.4%
Auto repair, garage
$770,000
+12.8%
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 Lunenburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lunenburg 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
$570,000
ML approach
$570,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$685,000
Current use
RESTAURANT
$945,000
Change: +39% · Conversion: Moderate
RETAIL STORES
$790,000
Change: +15% · Conversion: Moderate
AUTO REPAIR, GARAGE
$770,000
Change: +13% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$635,000
Change: -7% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$600,000
Change: -12% · Conversion: Easy
COMMERCIAL (GENERAL)
$555,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$570k
Range $513k – $627k · ±10% · vs last sale $568k (May 17 2024)
Last sale anchor
$568k
May 17 2024
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
$114 / 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
$5,452
Tax year 2024
Assessed value
$386,700
Assessed 2024
Previous assessed
$386,700
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$120,300
Assessed improvement
$266,400
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1900
Heating
HOT WATER
Buildings
1
Stories
2
Units
1
Total area
5,020 SF
Lot
0.4 ac (17,250 SF)
Zoning code
C
APN
LUNE M:076.0 B:0008 L:0000.0
UPID
US38-2473975
Jurisdiction
LUNENBURG
Zoning & alternative use
C · Lunenburg, MA
Zoning C · permitted uses
C · Lunenburg, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lunenburg. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$685,000
RESTAURANT
Est. value
$945,000
RETAIL STORES
Est. value
$790,000
AUTO REPAIR, GARAGE
Est. value
$770,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$635,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$600,000
COMMERCIAL (GENERAL)
Est. value
$555,000
OFFICE BUILDING Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1900
Heating
HOT WATER
Stories
2
Buildings
1
Units
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
Legacy Rlty Partners LLC
Entity
Mailing address
24 MASSACHUSETTS AVE, LUNENBURG, MA 01462-1273
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2024
$568,000
Legacy Rlty Partners LLC
Donnelly Properties LLC
Quit Claim Arm's Length For Ne States
$368,000 · Quincy Credit Union
Jan 31, 2023
$610,000
Donnelly Properties LLC
Jiang Jun Lou INC
Quit Claim Arm's Length For Ne States
$353,000 · Leominster Cu
Jun 11, 2015
$175,000
Jiang Jun Lou INC
Lunenburg LLC
Quit Claim Deed
—
Dec 2, 2002
—
Aime R Denault
—
Deed Of Trust
related
$295,000 · Lunenburg LLC
Dec 29, 1995
—
Aime R Denault
—
Deed Of Trust
related
$180,000 · Fitchburg Savings Bank
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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