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Property profile & analytics
FOR SALE
Automotive properties
251 Turnpike Rd Southborough, MA 01772
Entity Owned
Free & Clear
Property ID
US38-1756270
For Sale
1 / 12
$4,800,000
251 Turnpike Rd, Southborough, MA 01772
View Listing →
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,252 SF
Lot
1.93 ac (84,071 SF)
Zoning code
BH
APN
SBOR M:027.0 B:0000 L:0013.0
UPID
US38-1756270
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
-
Luxury Details Electronics & Wireless Store Auto Parts Store
-
CARNOVA SOUTHBOROUGH Car Dealership
-
CARNOVA AUTO CENTER Auto Repair Shop
-
Dayse Cars - CARNOVA SOUTHBOROUGH Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.08M
Blend (final)
Blend
$1.96M
Owner & transaction history
Jesp LLC
Jesp LLC
since 2025
4 recorded transactions
Zoning & alternative use
BH · Southborough, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this Business Highway district is to provide areas for commercial uses long the highways and nearby residents
Zone name
Business Highway
General category
COMMERCIAL
Zone area
131.61 ac
Source
Realmo
Top alternative use upside
Restaurant
$2.9M
+22.9%
Retail stores
$2.4M
+2.3%
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 Southborough submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Southborough 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
AUTO REPAIR, GARAGE
$2,340,000
Current use
RESTAURANT
$2,875,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$2,395,000
Change: +2% · Conversion: Difficult
OFFICE BUILDING
$2,075,000
Change: -11% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,925,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.96M
Range $1.76M – $2.15M · ±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
$128 / 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
$32,465
Tax year 2024
Assessed value
$2,333,900
Assessed 2024
Previous assessed
$2,274,600
+2.6% YoY
Effective rate
1.39%
On assessed value
Assessed land
$367,700
Assessed improvement
$1,966,200
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
For Sale
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
3
Total area
15,252 SF
Lot
1.93 ac (84,071 SF)
Zoning code
BH
APN
SBOR M:027.0 B:0000 L:0013.0
UPID
US38-1756270
Jurisdiction
SOUTHBOROUGH
Zoning & alternative use
BH · Southborough, MAZoning BH · permitted uses
BH · Southborough, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this Business Highway district is to provide areas for commercial uses long the highways and nearby residents
Zone name
Business Highway
General category
COMMERCIAL
Zone area
131.61 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$2.3M
RESTAURANT
Est. value
$2.9M
RETAIL STORES
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.9M
AUTO REPAIR, GARAGE Current
RESTAURANT
RETAIL STORES
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
3
Lot
1.93 ac
Current owner
From public records · entity-resolved
Jesp LLC
Entity
Free & Clear · 0 yrs held
Mailing address
50 CENTRAL ST, HUDSON, MA 01749-1316
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2025
$4,500,000
Jesp LLC
Dean Realty Inv LLC
Deed
—
Aug 20, 2015
$2,700,000
Dean Realty Investment
Coast 2 Coast Real Est
Quit Claim Arm's Length For Ne States
$2,150,000 · East Boston Savings Bank
Dec 19, 2014
$2,500,000
Coast 2 Coast Real Est
Farboro RT
Quit Claim Arm's Length For Ne States
$1,611,000 · Marlborough Savings Bank
Mar 10, 1999
—
Farboro RT
—
Deed Of Trust
related
$514,000 · Bay Colony Dev Corp
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?”
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