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Property profile & analytics
OFF-MARKET
Estimated value
$19,050,000
Super regional malls
329 Speen St Natick, MA 01760
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US38-0784397
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1964
Construction
FRAME
Total area
122,256 SF
Lot
4 ac (174,153 SF)
Zoning code
INII
APN
NATI M:00000016 P:0000004D
UPID
US38-0784397
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$19.05M
Owner & transaction history
Team Speen LLC · 17 yrs held
Team Speen LLC
since 2009
7 recorded transactions
Zoning & alternative use
INII · Natick, 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 Natick submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Natick 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)
$31,590,000
Change: -7% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$28,170,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$19.05M
Range $17.15M – $20.96M · ±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
$156 / 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
$260,947
Tax year 2024
Assessed value
$21,284,400
Assessed 2024
Previous assessed
$21,284,400
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$3,873,300
Assessed improvement
$17,411,100
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1964
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Rooms
2
Total area
122,256 SF
Lot
4 ac (174,153 SF)
Zoning code
INII
APN
NATI M:00000016 P:0000004D
UPID
US38-0784397
Jurisdiction
NATICK
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
INII · Natick, MA
Zoning INII · permitted uses
INII · Natick, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Natick. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$31.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$28.2M
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1964
Construction
FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Rooms
2
Lot
4 ac
Current owner
From public records · entity-resolved
Team Speen LLC
Entity
Mailing address
323 SPEEN ST, NATICK, MA 01760-1500
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2009
$4,600,000
Team Speen LLC
Furniture Warehouse INC
Grant Deed
—
Oct 15, 2003
—
Furniture Warehouse INC
—
Deed Of Trust
related
$7,750,000 · Compass Bank For Savings
Aug 7, 2003
—
Furniture Warehouse INC
—
Deed Of Trust
related
$2,250,000 · Zwi Kohorn
Sep 26, 2002
—
Nh Hotel Assoc LP
—
Deed Of Trust
related
$8,500,000 · Woodmen Of The Wrld
Jul 10, 2002
—
Tema Speen LLC
—
Deed Of Trust
related
$5,500,000 · Bay State Federal Savings Bank
Jun 30, 1999
—
Team Speen LLC
—
Deed Of Trust
related
$2,000,000 · Bay State Federal Savings Bank
Feb 25, 1999
—
Furniture Warehouse
—
Deed Of Trust
related
$1,000,000 · Century Bank & Trust Co
Jan 31, 1997
—
Furniture Warehouse
—
Deed Of Trust
related
$1,500,000 · Haymarket Cp Bk
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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