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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Investment properties
282 Main St, Groveland, MA 01834-1229
Individually Owned
22-yr Hold
~
Est. High Equity
Property ID
US38-0435792
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1870
Construction
FRAME
Total area
3,336 SF
Lot
0.32 ac (14,000 SF)
Zoning code
B
APN
GROV M:10 B:010 L:0
UPID
US38-0435792
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
-
KD Gloss Aesthetics Medical Clinic Skin Care Clinic
-
Madison Ave Electrology Hair Salon
-
Andrews Insurance Insurance Agency
-
Phoenix Printing (Bike/Boat/Book/etc) Store Printing Service
-
Epilation Permanent Hair Removal Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$673k
Blend (final)
Blend
$640k
Owner & transaction history
Rising Tide RT · 22 yrs held
Rising Tide RT
since 2003
7 recorded transactions
Zoning & alternative use
B · Groveland, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$855,000
+29.0%
Auto repair, garage
$800,000
+20.2%
Retail stores
$740,000
+11.6%
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 Groveland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Groveland 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
COMMERCIAL (GENERAL)
$665,000
Current use
OFFICE BUILDING
$855,000
Change: +29% · Conversion: Easy
AUTO REPAIR, GARAGE
$800,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$740,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$640k
Range $576k – $704k · ±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
$192 / 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
$7,432
Tax year 2024
Assessed value
$548,900
Assessed 2024
Previous assessed
$540,400
+1.6% YoY
Effective rate
1.35%
On assessed value
Assessed land
$216,800
Assessed improvement
$332,100
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1870
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
2
Units
4
Rooms
4
Bathrooms
6
Total area
3,336 SF
Lot
0.32 ac (14,000 SF)
Zoning code
B
APN
GROV M:10 B:010 L:0
UPID
US38-0435792
Jurisdiction
GROVELAND
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
B · Groveland, MA
Zoning B · permitted uses
B · Groveland, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Groveland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$665,000
OFFICE BUILDING
Est. value
$855,000
AUTO REPAIR, GARAGE
Est. value
$800,000
RETAIL STORES
Est. value
$740,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1870
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
1
Units
4
Rooms
4
Bathrooms
6
Lot
0.32 ac
Current owner
From public records · entity-resolved
Rising Tide RT
Individual
Mailing address
282 MAIN ST, GROVELAND, MA 01834-1229
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 19, 2004
—
Rising Tide RT
—
Deed Of Trust
related
$235,000 · Pentucket Bank
Nov 10, 2003
$1
Rising Tide RT
Anderson,michael A
Grant Deed
related
—
Mar 31, 1998
$175,000
Michael G Anderosn
Jvb RT
Grant Deed
$150,000 · Zenon Grzybowski
Jun 30, 1994
$130,000
Jvb RT
Family Mutual Sb
Grant Deed
—
Jun 30, 1994
—
Jvb RT
—
Deed Of Trust
related
$80,000 · Family Mutual Savings Bank
Sep 14, 1989
—
Richard Tello
—
Deed Of Trust
related
$180,000 · Family Mutual Savings Bank
Jan 29, 1988
—
Richard J Tello
—
Deed Of Trust
related
$140,000 · Haverhill Cp 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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