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Property profile & analytics
OFF-MARKET
Warehouses
48 Providence St, Millbury, MA 01527-3924
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US38-1649216
Property profile
Verified
Property type
Warehouses
Use group
BULK STORAGE, TANKS
Year built
1986
Construction
STEEL FRAME
Total area
3,160 SF
Lot
0.89 ac (38,768 SF)
Zoning code
I1
APN
MILB M:054 B:0000131 L:
UPID
US38-1649216
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
-
ckSmithSuperior Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Millbury Assoc LLC · 17 yrs held
Millbury Assoc LLC
since 2008
5 recorded transactions
Zoning & alternative use
I1 · Millbury, MA
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 Millbury submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Millbury 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$8,304
Tax year 2024
Assessed value
$627,700
Assessed 2024
Previous assessed
$639,900
-1.9% YoY
Effective rate
1.32%
On assessed value
Assessed land
$109,000
Assessed improvement
$518,700
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
Warehouses
Use group
BULK STORAGE, TANKS
Status
Off-Market
Year built
1986
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Total area
3,160 SF
Lot
0.89 ac (38,768 SF)
Zoning code
I1
APN
MILB M:054 B:0000131 L:
UPID
US38-1649216
Jurisdiction
MILLBURY
Zoning & alternative use
I1 · Millbury, MA
Zoning I1 · permitted uses
I1 · Millbury, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Millbury. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1986
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Lot
0.89 ac
Current owner
From public records · entity-resolved
Millbury Assoc LLC
Entity
Mailing address
48 PROVIDENCE ST, MILLBURY, MA 01527-3924
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2012
—
Millbury Assoc LLC
—
Deed Of Trust
related
$7,217,000 · Sovereign Bank
Nov 7, 2008
$1,000,000
Millbury Assoc LLC
Superior Oil INC
Grant Deed
$6,800,000 · Washington Trust Co
Jun 30, 1995
—
Superior Oil INC
—
Deed Of Trust
related
$350,000 · Millbury Savings Bank
Aug 8, 1991
—
Superior Oil INC
—
Deed Of Trust
related
$200,000 · David K Nelson
Jul 5, 1990
$225,000
Superior Oil INC
Hill,michael J
Grant Deed
$190,000 · Millbury Savings 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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