New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,975,000
Super regional malls
308 Massachusetts Ave, Lunenburg, MA 01462-1219
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US38-1304335
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
2000
Total area
24,678 SF
Lot
4 ac (174,240 SF)
Zoning code
C
APN
LUNE M:074.0 B:0040 L:0000.0
UPID
US38-1304335
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
-
Ixtapa Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.94M
Blend (final)
Blend
$2.98M
Owner & transaction history
A&d Crossroads INC · 19 yrs held
A&d Crossroads INC
since 2006
7 recorded transactions
Zoning & alternative use
C · Lunenburg, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.7M
+49.4%
Retail stores
$3.9M
+24.3%
Auto repair, garage
$3.8M
+21.6%
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 Lunenburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lunenburg 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
NEIGHBORHOOD: SHOPPING CENTER
$3,115,000
Current use
RESTAURANT
$4,655,000
Change: +49% · Conversion: Difficult
RETAIL STORES
$3,870,000
Change: +24% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,785,000
Change: +22% · Conversion: Difficult
OFFICE BUILDING
$3,355,000
Change: +8% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$2,960,000
Change: -5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,715,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$2.98M
Range $2.68M – $3.27M · ±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
$121 / 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
$43,145
Tax year 2024
Assessed value
$3,059,900
Assessed 2024
Previous assessed
$2,943,300
+4.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$593,800
Assessed improvement
$2,466,100
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
2000
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
12
Units
1
Total area
24,678 SF
Lot
4 ac (174,240 SF)
Zoning code
C
APN
LUNE M:074.0 B:0040 L:0000.0
UPID
US38-1304335
Jurisdiction
LUNENBURG
Zoning & alternative use
C · Lunenburg, MA
Zoning C · permitted uses
C · Lunenburg, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lunenburg. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.1M
RESTAURANT
Est. value
$4.7M
RETAIL STORES
Est. value
$3.9M
AUTO REPAIR, GARAGE
Est. value
$3.8M
OFFICE BUILDING
Est. value
$3.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.0M
COMMERCIAL (GENERAL)
Est. value
$2.7M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
2000
Heating
FORCED AIR
Cooling
Yes
Stories
12
Buildings
1
Units
1
Lot
4 ac
Current owner
From public records · entity-resolved
A&d Crossroads INC
Entity
Mailing address
PO BOX 1067, WESTBOROUGH, MA 01581-6067
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2026
—
A & D Crossroads INC
—
Deed
related
$2,480,000 · Country Bank
Nov 6, 2019
—
A&d Crossroads INC
—
Deed
related
$2,925,000 · Mountain 1st Bank & Trust Co
Feb 27, 2012
—
A&d Crossroads INC
—
Deed Of Trust
related
$200,000 · Carla Guidici
Jan 9, 2007
—
A&d Crossroads INC
—
Deed Of Trust
related
$400,000 · Crossroads Plaza LLC
Dec 18, 2006
$3,800,000
A&d Crossroads INC
Crossroads Plaza LLC
Deed
$3,040,000 · Lehman Bros Bk Fsb
Sep 21, 2005
—
Crossroads Plaza LLC
—
Deed Of Trust
related
$720,000 · Middlesex Fsla
Mar 14, 2001
—
Crossroads Plaza LLC
—
Deed Of Trust
related
$2,500,000 · Danvers Savings Bank
Dec 2, 1999
—
Crossroads Plaza LLC
—
Deed Of Trust
related
$400,000 · Danvers Savings Bank
Jan 11, 1999
$750,000
Crossroads Plaza LLC
Howard,edwin H
Grant Deed
$2,000,000 · Danvers Savings Bank
Oct 27, 1992
$350,000
Edwin H Howard
Bethmilsen Vii INC
Grant Deed
$240,000 · Worc County Inst Savings
Aug 7, 1990
$390,000
Bethmilsen Vii INC
Marlin-fedders Tr
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.
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?”
You own 308 Massachusetts Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
