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Property profile & analytics
OFF-MARKET
Estimated value
$3,070,000
Individual retail properties
41 Pleasant St, Norton, MA 02766-2070
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-1033760
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
1987
Construction
FRAME
Total area
32,276 SF
Lot
3.12 ac (135,907 SF)
APN
NORT M:20 P:22-01
UPID
US38-1033760
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
-
Clubwest Dance Studio Training Center
-
2 Sons Auto Brokers Car Dealership
-
The Martial Arts Connection Training Center Sports School
-
McPherson Golf and Sports Conditioning Gym & Fitness Center
-
Personal Lifestyle Fitness Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.92M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.07M
Owner & transaction history
Bes Realty Group LLC · 2 yrs held
Bes Realty Group LLC
since 2023
Last sale
$3.2M
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 Norton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norton 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
$2,900,000
ML approach
$2,915,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,850,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,800,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$4,735,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$4,655,000
Change: 0% · Conversion: Difficult
RESTAURANT
$4,465,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,010,000
Change: 0% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,890,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$3.07M
Range $2.76M – $3.38M · ±10% · vs last sale $3.24M (Oct 18 2023)
Last sale anchor
$3.24M
Oct 18 2023
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
$95 / 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
$49,388
Tax year 2024
Assessed value
$3,568,500
Assessed 2024
Previous assessed
$3,513,500
+1.6% YoY
Effective rate
1.38%
On assessed value
Assessed land
$493,400
Assessed improvement
$3,075,100
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
1987
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Rooms
10
Total area
32,276 SF
Lot
3.12 ac (135,907 SF)
APN
NORT M:20 P:22-01
UPID
US38-1033760
Jurisdiction
NORTON
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
Est. value
$4.9M
COMMERCIAL (GENERAL)
Est. value
$4.8M
RETAIL STORES
Est. value
$4.7M
MEDICAL BUILDING
Est. value
$4.7M
RESTAURANT
Est. value
$4.5M
AUTO REPAIR, GARAGE
Est. value
$4.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.9M
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1987
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Rooms
10
Lot
3.12 ac
Current owner
From public records · entity-resolved
Bes Realty Group LLC
Entity
Mailing address
41 PLEASANT ST, NORTON, MA 02766-2070
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2023
$3,235,000
Bes Realty Group LLC
B & J Rlty Grp S Boston L
Quit Claim Arm's Length For Ne States
$2,264,500 · Bristol County Savings Bank
Jul 29, 2021
—
B&j Realty Group
Norton Town Of
Redemption Deed
related
—
Jan 9, 2018
—
B & J Realty Grp
—
Deed
related
$2,621,500 · Centreville Bank
Dec 13, 2017
$3,270,000
B & J Realty Group
Chartley Common Realty Trust
Quit Claim Deed
—
Apr 16, 2010
$1
Demeo,james T Tr
Demeo,james T
Grant Deed
—
Apr 16, 2010
—
Demeo,james T Tr
—
Grant Deed
related
$300,000 · Ocean Bank
Jun 27, 2001
—
James T Demeo
—
Deed Of Trust
related
$620,000 · Worth Funding INC
Aug 12, 1999
—
James T Demeo
—
Deed Of Trust
related
$300,000 · Business Lenders INC
Aug 3, 1998
—
James T Demeo
—
Deed Of Trust
related
$300,000 · Business Lenders INC
Jun 4, 1996
—
James T Demeo
—
Deed Of Trust
related
$530,000 · Bankboston Development Co LLC
Mar 17, 1994
$365,500
James T Demeo
South Shore Bk
Grant Deed
$381,000 · At&t Small Bus Lend
Jul 12, 1989
—
Paul W Precourt
—
Deed Of Trust
related
$600,000 · Durfee Attleboro Bank
May 5, 1988
—
Paul W Precourt
—
Deed Of Trust
related
$725,000 · Durfee Attleboro Bk
—
—
B & J Realty Grp
—
Deed Of Trust
related
$2,621,500 · Centreville Bank
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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