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Property profile & analytics
OFF-MARKET
Estimated value
$4,060,000
Office buildings
38 Mechanic St, Foxboro, MA 02035-4006
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US38-1570143
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
22,498 SF
Lot
0.99 ac (42,919 SF)
APN
FOXB M:079 L:144
UPID
US38-1570143
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
-
Tigerlilly Day Spa & Salon Hair Salon
-
Foxboro Psychological Services Physician Medical Clinic
-
AltWheels Association / Organization
-
Delphinus Financial Advisors, LLC Financial Advisor
-
FedEx Drop Box Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.61M
Blend (final)
Blend
$4.06M
Owner & transaction history
Vresthena LLC · 7 yrs held
Vresthena LLC
since 2018
6 recorded transactions
Zoning & alternative use
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 Foxboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Foxboro 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
OFFICE BUILDING
$6,600,000
Current use
RETAIL STORES
$6,585,000
Change: 0% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$6,465,000
Change: -2% · Conversion: Easy
COMMERCIAL (GENERAL)
$5,760,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$4.06M
Range $3.65M – $4.47M · ±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
$180 / 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
$30,698
Tax year 2024
Assessed value
$1,706,400
Assessed 2024
Previous assessed
$1,636,000
+4.3% YoY
Effective rate
1.80%
On assessed value
Assessed land
$273,400
Assessed improvement
$1,433,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
17
Total area
22,498 SF
Lot
0.99 ac (42,919 SF)
APN
FOXB M:079 L:144
UPID
US38-1570143
Jurisdiction
FOXBORO
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$6.6M
RETAIL STORES
Est. value
$6.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.5M
COMMERCIAL (GENERAL)
Est. value
$5.8M
OFFICE BUILDING Current
RETAIL STORES
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
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
17
Lot
0.99 ac
Current owner
From public records · entity-resolved
Vresthena LLC
Entity
Mailing address
432 FAR REACH RD, WESTWOOD, MA 02090-1074
Ownership since
2018
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
Jan 19, 2022
—
Vresthena LLC
—
Deed
related
$1,450,000 · Bank Rhode Island
Dec 21, 2018
$2,075,000
Vresthena LLC
Dw Realties LLC
Quit Claim Arm's Length For Ne States
$1,500,000 · Dedham Institution For Savings
Mar 7, 2014
$1,800,000
Dw Realties LLC
Orchid Investment LLC
Quit Claim Deed
$1,350,000 · Mansfield Capital Bank
Oct 21, 2008
$1,501,000
Orchid Inv LLC
Parallel Mechanic LLC
Grant Deed
—
Oct 21, 2008
—
Orchid Inv LLC
—
Deed Of Trust
related
$1,200,800 · Ben Franklin Savings Bank
Jan 16, 2002
$1,100,000
Parallel Mechanic LLC
Harutunian,edward J
Grant Deed
$800,000 · Horizon Bank & Trust Co
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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