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Property profile & analytics
OFF-MARKET
Estimated value
$7,225,000
Assisted living facilities
29 Main St, Millbury, MA 01527-2005
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-0203873
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1800
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
34,635 SF
Lot
1.6 ac (69,696 SF)
Zoning code
RO
APN
MILB M:053 B:0000094 L:
UPID
US38-0203873
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
-
The Counseling Center at Millbury Medical Clinic
-
AffinityOne Millbury Medical Clinic
-
Evolve Recovery Center: Drug and Alcohol Rehab Millbury Social Service Agency Medical Clinic
-
Sunrise Detox Millbury Medical Clinic
-
Sunrise Health inc. Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.74M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.23M
Owner & transaction history
North Main Owner LLC · 3 yrs held
North Main Owner LLC
since 2023
Last sale
$7.7M
6 recorded transactions
Zoning & alternative use
RO · Millbury, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Millbury submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Millbury 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
$6,765,000
ML approach
$6,740,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.23M
Range $6.50M – $7.95M · ±10% · vs last sale $7.70M (Jun 12 2023)
Last sale anchor
$7.70M
Jun 12 2023
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
$209 / 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
$36,348
Tax year 2024
Assessed value
$2,747,400
Assessed 2024
Previous assessed
$2,852,100
-3.7% YoY
Effective rate
1.32%
On assessed value
Assessed land
$368,000
Assessed improvement
$2,379,400
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1800
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Buildings
1
Stories
2
Units
45
Total area
34,635 SF
Lot
1.6 ac (69,696 SF)
Zoning code
RO
APN
MILB M:053 B:0000094 L:
UPID
US38-0203873
Jurisdiction
MILLBURY
Zoning & alternative use
RO · Millbury, MA
Zoning RO · permitted uses
RO · Millbury, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Millbury. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1800
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
2
Buildings
1
Units
45
Lot
1.6 ac
Current owner
From public records · entity-resolved
North Main Owner LLC
Entity
Mailing address
29 MAIN ST, MILLBURY, MA 01527-2005
Ownership since
2023
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
Jun 12, 2023
$7,700,000
North Main Owner LLC
29 North Main Millbury Ac
Quit Claim Arm's Length For Ne States
$11,270,000 · Bank Of America NA
Sep 11, 2017
$795,000
Owner Name Unavailable
Lake Trust
Quit Claim Deed
$350,000 · Kenneth Linder
Sep 27, 2010
$200,000
Radius Millbury Oper LLC
Hcri Mass Prop T
Grant Deed
$200,000 · Health Care Reit INC
Feb 18, 2004
$5,000,000
Mass T Hcri
Radius Fb LLC
Grant Deed
—
May 21, 2001
$1,575,000
Radius Millbury Rlty
Provident Nursing Hms
Grant Deed
$9,500,000 · Sovereign Bank
—
—
Medrock Cap LLC
—
Deed Of Trust
related
$3,000,000 · 29 N Main Millbur
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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