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Property profile & analytics
OFF-MARKET
Estimated value
$3,600,000
Retail space
48-52 Main St Hopkinton, MA 01748
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-1744341
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1946
Construction
FRAME
Total area
14,693 SF
Lot
1.16 ac (50,456 SF)
Zoning code
BD
APN
HOPK M:0U16 B:0121 L:0
UPID
US38-1744341
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
$3.60M
CAP Approach
CAP
$3.25M
Comparable Approach
Comparable
$2.28M
Blend (final)
Blend
$3.60M
Owner & transaction history
Main St Crossing LLC · 2 yrs held
Main St Crossing LLC
since 2024
Last sale
$3.6M
3 recorded transactions
Zoning & alternative use
BD · Hopkinton, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
es allowed by special permit. ARTICLE VI Business (B) District § 210-17 Size and setback requirements. § 210-18 Permitted uses. § 210-19 Uses allowed by special permit. § 210-20 (Reserved) ARTICLE VIA Downtown Business (BD) District § 210-20.1 Size and setback requirements. § 210-20.2 Permitted uses. § 210-20.3 Uses allowed by special permit. § 210-20.4 Off-…
Zone name
Downtown Business
General category
COMMERCIAL
Zone area
62.59 ac
Top alternative use upside
Restaurant
$4.3M
+7.7%
Auto repair, garage
$4.1M
+4.4%
Neighborhood: shopping center
$4.1M
+2.8%
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 Hopkinton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hopkinton 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
$3,600,000
ML approach
$3,600,000
CAP Approach
CAP Return
Estimation
6%
$3,520,000
6.5%
$3,250,000
7%
$3,015,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,960,000
Current use
RESTAURANT
$4,265,000
Change: +8% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,135,000
Change: +4% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,070,000
Change: +3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,795,000
Change: -4% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,385,000
Change: -15% · Conversion: Difficult
OFFICE BUILDING
$3,215,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$3.60M
Range $3.24M – $3.96M · ±10% · vs last sale $3.60M (Apr 30 2024)
Last sale anchor
$3.60M
Apr 30 2024
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
$245 / 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
$25,937
Tax year 2024
Assessed value
$1,776,500
Assessed 2024
Previous assessed
$1,776,500
+0.0% YoY
Effective rate
1.46%
On assessed value
Assessed land
$490,100
Assessed improvement
$1,286,400
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1946
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
2
Bathrooms
3
Total area
14,693 SF
Lot
1.16 ac (50,456 SF)
Zoning code
BD
APN
HOPK M:0U16 B:0121 L:0
UPID
US38-1744341
Jurisdiction
HOPKINTON
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
BD · Hopkinton, MAZoning BD · permitted uses
BD · Hopkinton, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
es allowed by special permit. ARTICLE VI Business (B) District § 210-17 Size and setback requirements. § 210-18 Permitted uses. § 210-19 Uses allowed by special permit. § 210-20 (Reserved) ARTICLE VIA Downtown Business (BD) District § 210-20.1 Size and setback requirements. § 210-20.2 Permitted uses. § 210-20.3 Uses allowed by special permit. § 210-20.4 Off-street parking. ARTICLE VII Rural Business (BR) District § 210-21 Development and
Zone name
Downtown Business
General category
COMMERCIAL
Zone area
62.59 ac
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$4.0M
RESTAURANT
Est. value
$4.3M
AUTO REPAIR, GARAGE
Est. value
$4.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.1M
COMMERCIAL (GENERAL)
Est. value
$3.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.4M
OFFICE BUILDING
Est. value
$3.2M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
1946
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
2
Bathrooms
3
Lot
1.16 ac
Current owner
From public records · entity-resolved
Main St Crossing LLC
Entity
Mailing address
48 MAIN ST #52, HOPKINTON, MA 01748-1214
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2025
—
Main Street Crossing LLC
—
Deed
related
$21,000,000 · Mutualone Bank
Apr 30, 2024
$3,600,000
Main St Crossing LLC
Hopkinton Drug Realty LLC
Quit Claim Arm's Length For Ne States
$2,850,000 · Mutualone Bank
Sep 8, 2005
—
Hopkinton Drug Rlty LLC
—
Deed Of Trust
related
$1,200,000 · Bank Of America
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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