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Property profile & analytics
OFF-MARKET
Estimated value
$2,400,000
Super regional malls
369 Main St, Northborough, MA 01532-2153
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-1438902
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,251 SF
Lot
2.01 ac (87,451 SF)
Zoning code
BW
APN
NBOR M:0810 L:0019
UPID
US38-1438902
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
-
Monti's Pizza Plus Restaurant
-
Sir Loin Catering Take-out & Catering Catering Service
-
Yama Zakura Restaurant
-
Honey Farms Food Processing Plant
-
The Cellar Bar & Grille Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.02M
Blend (final)
Blend
$2.40M
Owner & transaction history
Agora Real Estate LLC · 2 yrs held
Agora Real Estate LLC
since 2024
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
BW · Northborough, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.7M
+49.4%
Retail stores
$2.2M
+24.3%
Auto repair, garage
$2.2M
+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 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
Method
Estimation
Statistic approach
$2,400,000
ML approach
$2,400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,800,000
Current use
RESTAURANT
$2,685,000
Change: +49% · Conversion: Difficult
RETAIL STORES
$2,235,000
Change: +24% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,185,000
Change: +22% · Conversion: Difficult
OFFICE BUILDING
$1,940,000
Change: +8% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,710,000
Change: -5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,570,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$2.40M
Range $2.16M – $2.64M · ±10% · vs last sale $2.40M (Jun 27 2024)
Last sale anchor
$2.40M
Jun 27 2024
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
$168 / 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
$22,398
Tax year 2024
Assessed value
$1,568,500
Assessed 2024
Previous assessed
$1,568,500
+0.0% YoY
Effective rate
1.43%
On assessed value
Assessed land
$324,000
Assessed improvement
$1,244,500
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
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
6
Bathrooms
6
Total area
14,251 SF
Lot
2.01 ac (87,451 SF)
Zoning code
BW
APN
NBOR M:0810 L:0019
UPID
US38-1438902
Jurisdiction
NORTHBOROUGH
Zoning & alternative use
BW · Northborough, MA
Zoning BW · permitted uses
BW · Northborough, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Northborough. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.8M
RESTAURANT
Est. value
$2.7M
RETAIL STORES
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.2M
OFFICE BUILDING
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.6M
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
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
6
Bathrooms
6
Lot
2.01 ac
Current owner
From public records · entity-resolved
Agora Real Estate LLC
Entity
Mailing address
369 W MAIN STJE, NORTHBOROUGH, MA 01532-2153
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Jun 27, 2024
$2,400,000
Agora Real Estate LLC
Thomasito LLC
Quit Claim Arm's Length For Ne States
$1,920,000 · Unibank For Savings
Aug 15, 2019
$1,375,000
Thomasito LLC
369 West Main Street RT
Quit Claim Arm's Length For Ne States
$1,100,000 · Digital FCU
May 2, 2018
—
Global Montello Group
—
Deed
related
$10,000 · Bank Of America NA
Jul 29, 2009
—
369 West Main Street RT
—
Deed Of Trust
related
$690,000 · Cambridge Trust Co
Oct 7, 2002
$3,000
Northboro Town
369 W Main St RT
Grant Deed
related
—
Sep 20, 2000
$1,100,000
369 W Main St. RT
Harutunian,edward J
Grant Deed
$725,000 · Brookline Savings Bank
Dec 17, 1998
$850,000
Edward J Harutunian
Pa Ja 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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