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Property profile & analytics
OFF-MARKET
Estimated value
$1,020,000
Retail space
408 Ctr St, Randolph, MA 02368-5325
Trust Owned
6-yr Hold
~
Est. High Equity
Property ID
US38-1154134
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1970
Construction
FRAME
Total area
4,000 SF
Lot
0.46 ac (20,000 SF)
Zoning code
B
APN
RAND M:64 B:A L:04913-19
UPID
US38-1154134
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
$1.05M
Comparable Approach
Comparable
$1.34M
Blend (final)
Blend
$1.02M
Owner & transaction history
Raven RT Trust · 6 yrs held
Raven RT Trust
since 2020
Last sale
$935,000
7 recorded transactions
Zoning & alternative use
B · Randolph, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.3M
+10.0%
Office building
$1.2M
+0.2%
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 Randolph submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Randolph 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%
$1,135,000
6.5%
$1,045,000
7%
$970,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,170,000
Current use
AUTO REPAIR, GARAGE
$1,290,000
Change: +10% · Conversion: Difficult
OFFICE BUILDING
$1,175,000
Change: +0% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,025,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$1.02M
Range $918k – $1.12M · ±10% · vs last sale $935k (Mar 26 2020)
Last sale anchor
$935k
Mar 26 2020
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
$255 / 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
$17,907
Tax year 2024
Assessed value
$807,700
Assessed 2024
Previous assessed
$751,200
+7.5% YoY
Effective rate
2.22%
On assessed value
Assessed land
$420,800
Assessed improvement
$386,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1970
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
4
Bathrooms
6
Total area
4,000 SF
Lot
0.46 ac (20,000 SF)
Zoning code
B
APN
RAND M:64 B:A L:04913-19
UPID
US38-1154134
Jurisdiction
RANDOLPH
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
B · Randolph, MA
Zoning B · permitted uses
B · Randolph, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Randolph. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.0M
RETAIL STORES Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1970
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
4
Bathrooms
6
Lot
0.46 ac
Current owner
From public records · entity-resolved
Raven RT Trust
Trust
Mailing address
24 CHENERY TER, BELMONT, MA 02478-3529
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2020
—
Raven RT Trust
Areti Ret
Quit Claim Deed
related
—
May 15, 2012
—
Areti Ret
—
Deed Of Trust
related
$200,000 · John E Heraty
Dec 30, 2010
—
Areti RT
—
Deed Of Trust
related
$238,955 · Lawrence Flaherty
May 6, 2009
—
Areti RT
—
Deed Of Trust
related
$1,030,000 · South Shore Cp Bank
Feb 8, 2008
—
Areti RT
—
Deed Of Trust
related
$70,000 · South Shore Cp Bank
Apr 25, 2007
—
Re T Areti
—
Deed Of Trust
related
$200,000 · Lawrence Flaherty
Mar 30, 2007
$935,000
Re T Areti
Center Plz RT
Grant Deed
$735,000 · South Shore Cp Bank
Mar 30, 2007
—
Nikolaos Sakkis
—
Deed Of Trust
related
$200,000 · Lawrence Flaherty
Apr 30, 2004
$500,000
Susan L Werner
Sterliing T
Grant Deed
$375,000 · Hingham Institute For Savings
Apr 30, 2004
$1
Center Plaza RT
Werner,susan L
Grant Deed
related
—
Apr 30, 2004
—
335 Union St. RT
—
Deed Of Trust
related
$375,000 · Hingham Institute For Savings
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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