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Property profile & analytics
OFF-MARKET
Estimated value
$2,600,000
Office buildings
47 Grv St, Middleboro, MA 02346-1816
Individually Owned
21-yr Hold
Free & Clear
Property ID
US38-0550247
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Construction
STEEL FRAME
Total area
15,876 SF
Lot
3.22 ac (140,263 SF)
APN
MIDD M:00058 L:5442 U:0000
UPID
US38-0550247
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
$2.55M
Blend (final)
Blend
$2.60M
Owner & transaction history
Investpro RT · 21 yrs held
Investpro RT
since 2004
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.2M
+30.5%
Industrial (general)
$3.6M
+12.4%
Auto repair, garage
$3.3M
+2.4%
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 Middleboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middleboro 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
$3,205,000
Current use
RESTAURANT
$4,185,000
Change: +31% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$3,605,000
Change: +12% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,285,000
Change: +2% · Conversion: Difficult
RETAIL STORES
$2,760,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$2.60M
Range $2.34M – $2.86M · ±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
$164 / 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
$23,350
Tax year 2024
Assessed value
$1,627,200
Assessed 2024
Previous assessed
$1,694,200
-4.0% YoY
Effective rate
1.43%
On assessed value
Assessed land
$337,500
Assessed improvement
$1,289,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1989
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
6
Bathrooms
4
Total area
15,876 SF
Lot
3.22 ac (140,263 SF)
APN
MIDD M:00058 L:5442 U:0000
UPID
US38-0550247
Jurisdiction
MIDDLEBORO
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
$3.2M
RESTAURANT
Est. value
$4.2M
INDUSTRIAL (GENERAL)
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$3.3M
RETAIL STORES
Est. value
$2.8M
OFFICE BUILDING Current
RESTAURANT
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
1989
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
6
Bathrooms
4
Lot
3.22 ac
Current owner
From public records · entity-resolved
Investpro RT
Individual
Free & Clear · 21 yrs held
Mailing address
47 E GRV ST, MIDDLEBORO, MA 02346-1816
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2004
$1,275,000
Investpro RT
Fseg Middleboro LLC
Grant Deed
—
Nov 19, 2004
—
Investpro RT
—
Deed Of Trust
related
$913,000 · Rockland Trust Co
Apr 10, 2000
$850,000
Fseg Middleboro LLC
47 East Grove St Nt
Grant Deed
—
Jul 26, 1996
$1,200,000
47 East Grove St. Nt
Vlaco,john B
Grant Deed
—
Nov 2, 1995
$1,200,000
47 East Grove St. Nt
Vlaco,john B
Grant Deed
—
Feb 24, 1994
—
John B Vlaco
—
Deed Of Trust
related
$641,000 · Rockland Trust Co
Apr 21, 1989
—
John B Vlaco
—
Deed Of Trust
related
$1,300,000 · Bank Of N E South
Feb 6, 1989
$447,000
John B Vlaco
Mirrione RT
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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