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Property profile & analytics
OFF-MARKET
Estimated value
$315,000
Golf courses & driving ranges
381 Morris St Southbridge, MA 01550-2757
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US38-1042913
Property profile
Verified
Property type
Golf courses & driving ranges
Use group
GOLF COURSE
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,850 SF
Lot
145.35 ac (6,331,446 SF)
Zoning code
R1
APN
SBRI M:0064 B:0014 L:00001
UPID
US38-1042913
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
$315k
Owner & transaction history
Rmg Group LLC · 7 yrs held
Rmg Group LLC
since 2019
2 recorded transactions
Zoning & alternative use
R1 · Southbridge, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
iew. In the event that any permitted use is subject to a threshold under Section 2.6 , no building permit or determination of zoning compliance shall be issued without an approved site plan. Table 1 Schedule of Uses Use R1 R2 R3 CC RB GB OR M AGRICULTURE, CONSERVATION USES Agriculture, nonexempt Y SP N N SP SP SP SP Farm stand accessory to an exempt or nonex…
Zone name
Residential 1
General category
RESIDENTIAL
Zone area
1,144.73 ac
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 Southbridge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Southbridge 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
Blend value · Realmo final
$315k
Range $284k – $347k · ±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
$65 / 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
$9,283
Tax year 2024
Assessed value
$608,300
Assessed 2024
Previous assessed
$611,000
-0.4% YoY
Effective rate
1.53%
On assessed value
Assessed land
$384,700
Assessed improvement
$223,600
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
Golf courses & driving ranges
Use group
GOLF COURSE
Status
Off-Market
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Total area
4,850 SF
Lot
145.35 ac (6,331,446 SF)
Zoning code
R1
APN
SBRI M:0064 B:0014 L:00001
UPID
US38-1042913
Jurisdiction
SOUTHBRIDGE
Zoning & alternative use
R1 · Southbridge, MAZoning R1 · permitted uses
R1 · Southbridge, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
iew. In the event that any permitted use is subject to a threshold under Section 2.6 , no building permit or determination of zoning compliance shall be issued without an approved site plan. Table 1 Schedule of Uses Use R1 R2 R3 CC RB GB OR M AGRICULTURE, CONSERVATION USES Agriculture, nonexempt Y SP N N SP SP SP SP Farm stand accessory to an exempt or nonexempt agricultural use Y Y Y Y Y Y Y Y Storage of motor vehicle fuel in above-groun
Zone name
Residential 1
General category
RESIDENTIAL
Zone area
1,144.73 ac
Building & site characteristics
From public records
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Lot
145.35 ac
Current owner
From public records · entity-resolved
Rmg Group LLC
Entity
Mailing address
58 BRIGHAM HL RD, GRAFTON, MA 01519-1135
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 29, 2019
$100,000
Rmg Group LLC
Sovereign Grace Chapel
Quit Claim Arm's Length For Ne States
$100,000 · Sovereign Grace Chap
Dec 22, 2015
$324,500
Grace Chapelsovereign
Southbridge Oaks LLC
Quit Claim Deed
related
$312,000 · Southbridge Oaks LLC
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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