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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Retail space
242 Mansfield Ave Norton, MA 02766-1306
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US38-0027886
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2022
Construction
FRAME
Total area
3,596 SF
Lot
1.39 ac (60,548 SF)
APN
NORT M:3 P:732
UPID
US38-0027886
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
-
CANA Craft Cannabis (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$510k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$680k
Blend (final)
Blend
$515k
Owner & transaction history
Joira LLC · 5 yrs held
Joira LLC
since 2020
Last sale
$390,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$640,000
+8.5%
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 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
$510,000
ML approach
$510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$590,000
Current use
AUTO REPAIR, GARAGE
$640,000
Change: +8% · Conversion: Difficult
OFFICE BUILDING
$550,000
Change: -7% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$550,000
Change: -7% · Conversion: Moderate
COMMERCIAL (GENERAL)
$535,000
Change: -9% · Conversion: Easy
WAREHOUSE, STORAGE
$475,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±10% · vs last sale $390k (Aug 18 2020)
Last sale anchor
$390k
Aug 18 2020
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
$143 / 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
$9,108
Tax year 2024
Assessed value
$658,100
Assessed 2024
Previous assessed
$646,300
+1.8% YoY
Effective rate
1.38%
On assessed value
Assessed land
$258,000
Assessed improvement
$400,100
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2022
Construction
FRAME
Heating
NONE
Buildings
1
Stories
1
Bathrooms
1
Total area
3,596 SF
Lot
1.39 ac (60,548 SF)
APN
NORT M:3 P:732
UPID
US38-0027886
Jurisdiction
NORTON
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
RETAIL STORES Current
Est. value
$590,000
AUTO REPAIR, GARAGE
Est. value
$640,000
OFFICE BUILDING
Est. value
$550,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$550,000
COMMERCIAL (GENERAL)
Est. value
$535,000
WAREHOUSE, STORAGE
Est. value
$475,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
2022
Construction
FRAME
Heating
NONE
Stories
1
Buildings
1
Bathrooms
1
Lot
1.39 ac
Current owner
From public records · entity-resolved
Joira LLC
Entity
Mailing address
2667 WW ST, WRENTHAM, MA 02093-1863
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2020
—
Joira LLC
Vassilios Nicolos
Quit Claim Deed
related
—
Jun 27, 2011
—
Vassitios Nicolos
—
Deed Of Trust
related
$100,000 · Giuliano Family Limited Partnership
Apr 29, 2005
—
Janet Nicolas
—
Deed Of Trust
related
$1,602,650 · Bank Of Canton
Mar 13, 2002
$390,000
Vassilios Nicolos
Wetmore,joyce C
Grant Deed
$295,000 · Zwi Kohorn
Dec 10, 1999
—
Joyce C Wetmore
—
Deed Of Trust
related
$100,000 · North Easton Savings Bank
Dec 3, 1991
—
Joyce C Whetmore
—
Deed Of Trust
related
$130,000 · Ft Financial
Oct 1, 1991
—
Joyce C Wetmore
—
Deed Of Trust
related
$81,000 · Baybank Southeast
Mar 2, 1989
—
Joyce C Wetmore
—
Deed Of Trust
related
$52,000 · Baybank Southeast
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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