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Property profile & analytics
OFF-MARKET
Retail space
28 Main St Northborough, MA 01532-1942
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US38-0230964
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1875
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
792 SF
Lot
0.04 ac (1,869 SF)
Zoning code
DB
APN
NBOR M:0630 L:0143
UPID
US38-0230964
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
-
Managed Wealth Strategies LLC Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mws Northboro LLC · 18 yrs held
Mws Northboro LLC
since 2008
2 recorded transactions
Zoning & alternative use
DB · Northborough, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ng bylaw, no use variance for a marijuana establishment, medical marijuana treatment center, or sale of marijuana accessories shall be permitted. Table 1. Table of Uses. Part B. Commercial and Industrial Districts. USES DB BE BW BS HB HBSW I EXEMPT USES See Section 7-05-020(A) Y Y Y Y Y Y Y RESIDENTIAL USES A. Principal Uses Single-family dwelling, attached…
Zone name
Downtown Business
General category
COMMERCIAL
Zone area
140.48 ac
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 Northborough submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Northborough 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,221
Tax year 2024
Assessed value
$295,600
Assessed 2024
Previous assessed
$295,600
+0.0% YoY
Effective rate
1.43%
On assessed value
Assessed land
$244,100
Assessed improvement
$51,500
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1875
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Buildings
1
Stories
1
Bathrooms
1
Total area
792 SF
Lot
0.04 ac (1,869 SF)
Zoning code
DB
APN
NBOR M:0630 L:0143
UPID
US38-0230964
Jurisdiction
NORTHBOROUGH
Zoning & alternative use
DB · Northborough, MAZoning DB · permitted uses
DB · Northborough, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ng bylaw, no use variance for a marijuana establishment, medical marijuana treatment center, or sale of marijuana accessories shall be permitted. Table 1. Table of Uses. Part B. Commercial and Industrial Districts. USES DB BE BW BS HB HBSW I EXEMPT USES See Section 7-05-020(A) Y Y Y Y Y Y Y RESIDENTIAL USES A. Principal Uses Single-family dwelling, attached 9 BA N N N N N N Multifamily dwelling 10 BA N BA N N N N Congregate residence BA B
Zone name
Downtown Business
General category
COMMERCIAL
Zone area
140.48 ac
Building & site characteristics
From public records
Year built
1875
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Stories
1
Buildings
1
Bathrooms
1
Lot
0.04 ac
Current owner
From public records · entity-resolved
Mws Northboro LLC
Entity
Mailing address
28 MAIN ST, NORTHBOROUGH, MA 01532-1942
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2008
$225,000
Mws Northboro LLC
Piggy Bank LLC
Grant Deed
$180,000 · Ben Franklin Savings Bank
Aug 2, 2006
$200,000
Piggy Bank LLC
Whitney Main St Nbor RT
Grant Deed
—
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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