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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Retail properties & Spaces
2400 Boston Rd Wilbraham, MA 01095-1277
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US38-0702790
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1984
Construction
FRAME
Total area
4,048 SF
Lot
1.38 ac (60,125 SF)
Zoning code
I
APN
WILB M:1150 B:175 L:581
UPID
US38-0702790
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
-
Spartan Bobcat & Concrete Services, Inc. Construction Company General Contractor
-
White Glove Cleaning Services LLC Hardware & Home Improvement
-
Elegant Nails & Spa Nail Salon
-
Allied Home Mtg Capital Corporation Loan Service Bank
-
Giroux Bros Martial Arts Training Center Sports School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$548k
Blend (final)
Blend
$545k
Owner & transaction history
Palazzesi Rlty LLC · 5 yrs held
Palazzesi Rlty LLC
since 2020
6 recorded transactions
Zoning & alternative use
I · Wilbraham, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$505,000
+23.1%
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 Wilbraham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wilbraham 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
Alternative Use
Use
Estimation
RETAIL STORES
$410,000
Current use
AUTO REPAIR, GARAGE
$505,000
Change: +23% · Conversion: Difficult
OFFICE BUILDING
$370,000
Change: -10% · Conversion: Easy
COMMERCIAL (GENERAL)
$355,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$545k
Range $491k – $600k · ±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
$135 / 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
$11,126
Tax year 2024
Assessed value
$601,400
Assessed 2024
Previous assessed
$601,400
+0.0% YoY
Effective rate
1.85%
On assessed value
Assessed land
$272,000
Assessed improvement
$329,400
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1984
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
6
Bathrooms
2
Total area
4,048 SF
Lot
1.38 ac (60,125 SF)
Zoning code
I
APN
WILB M:1150 B:175 L:581
UPID
US38-0702790
Jurisdiction
WILBRAHAM
Zoning & alternative use
I · Wilbraham, MA
Zoning I · permitted uses
I · Wilbraham, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wilbraham. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$410,000
AUTO REPAIR, GARAGE
Est. value
$505,000
OFFICE BUILDING
Est. value
$370,000
COMMERCIAL (GENERAL)
Est. value
$355,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1984
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
6
Bathrooms
2
Lot
1.38 ac
Current owner
From public records · entity-resolved
Palazzesi Rlty LLC
Entity
Mailing address
2141 BOSTON RD, WILBRAHAM, MA 01095-1253
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2020
—
Palazzesi Rlty LLC
—
Deed
related
$4,700,000 · Monson Svgs Bk
Apr 27, 2007
—
Antonio L Palazzesi
—
Deed Of Trust
related
$2,700,000 · Country Bank
Apr 14, 2000
—
Antonio L Palazzesi
—
Deed Of Trust
related
$1,860,000 · Country Bank
Aug 31, 1995
—
Antonio L Palazzesi
—
Deed Of Trust
related
$68,000 · Country Bank
Nov 15, 1993
—
Antonio L Palazzesi
—
Deed Of Trust
related
$1,075,000 · Country Bank
—
—
Palazzesi Rlty LLC
—
Deed Of Trust
related
$4,700,000 · Monson Svgs Bk
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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