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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Turn key restaurants
402 Tpke St South Easton, MA 02375-1761
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0036646
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1960
Construction
FRAME
Total area
2,360 SF
Lot
0.96 ac (41,845 SF)
APN
EAST M:0051U B:0044 L:0000
UPID
US38-0036646
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
-
Leandros Italian Restaurant Restaurant
-
Blackthorne Publick House Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$940k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$478k
Blend (final)
Blend
$700k
Owner & transaction history
402 Turnpike St RT · 4 yrs held
402 Turnpike St RT
since 2022
Last sale
$750,000
7 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 South Easton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Easton 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
$940,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $750k (Jan 27 2022)
Last sale anchor
$750k
Jan 27 2022
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
$297 / 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
$7,003
Tax year 2024
Assessed value
$427,000
Assessed 2024
Previous assessed
$366,500
+16.5% YoY
Effective rate
1.64%
On assessed value
Assessed land
$222,400
Assessed improvement
$204,600
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1960
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
2,360 SF
Lot
0.96 ac (41,845 SF)
APN
EAST M:0051U B:0044 L:0000
UPID
US38-0036646
Jurisdiction
EASTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1960
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
0.96 ac
Current owner
From public records · entity-resolved
402 Turnpike St RT
Individual
Mailing address
402 TPKE ST, SOUTH EASTON, MA 02375-1761
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2022
$750,000
402 Turnpike St RT
F&k RT
Quit Claim Arm's Length For Ne States
$592,000 · Commonwealth Cooperative Bank
Jan 26, 2022
$350,000
F&k RT
Edward F Smith
Correction Deed
related
—
Jul 1, 2016
—
F & K Realty Trust
—
Deed
related
$310,000 · St Anne's Cu
Oct 6, 2011
$350,000
F&k RT
Edward F Smith
Deed
$584,000 · St Anne Cu
Aug 20, 2009
$325,000
Edward F Smith
Spb RT
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Jul 22, 2004
—
Spb RT
—
Deed Of Trust
related
$280,000 · South Eastern Econ Dev Corp
May 27, 2004
$610,000
Spb RT
Noc RT
Grant Deed
$335,000 · Bridgewater Savings Bank
May 27, 2004
—
Spb RT
—
Grant Deed
related
$200,000 · John Oconnor
Apr 1, 1996
—
Noc RT
—
Deed Of Trust
related
$280,000 · Norwood Coop Bank
Jan 5, 1994
$75,000
Kevin Gottwald
Nobus RT
Grant Deed
$150,000 · Bank Of Canton
Oct 13, 1992
—
Nobus RT
—
Deed Of Trust
related
$350,000 · Bank Of Canton
—
—
F & K Realty Trust
—
Deed Of Trust
related
$310,000 · St Anne's Cu
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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