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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Turn key restaurants
5 Electric Ave, Lunenburg, MA 01462-2207
Individually Owned
14-yr Hold
~
Est. High Equity
Property ID
US38-0752178
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2012
Total area
4,928 SF
Lot
0.65 ac (28,314 SF)
Zoning code
C
APN
LUNE M:074.0 B:0008 L:0000.0
UPID
US38-0752178
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
-
Asian Imperial Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$340k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$467k
Blend (final)
Blend
$510k
Owner & transaction history
K RT · 14 yrs held
K RT
since 2011
6 recorded transactions
Zoning & alternative use
C · Lunenburg, 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 Lunenburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lunenburg 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
$340,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$775,000
Change: -17% · Conversion: Easy
AUTO REPAIR, GARAGE
$755,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$103 / 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
$9,852
Tax year 2024
Assessed value
$698,700
Assessed 2024
Previous assessed
$663,600
+5.3% YoY
Effective rate
1.41%
On assessed value
Assessed land
$150,800
Assessed improvement
$547,900
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2012
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
12
Units
1
Rooms
4
Total area
4,928 SF
Lot
0.65 ac (28,314 SF)
Zoning code
C
APN
LUNE M:074.0 B:0008 L:0000.0
UPID
US38-0752178
Jurisdiction
LUNENBURG
Zoning & alternative use
C · Lunenburg, MA
Zoning C · permitted uses
C · Lunenburg, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lunenburg. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$775,000
AUTO REPAIR, GARAGE
Est. value
$755,000
RETAIL STORES
AUTO REPAIR, GARAGE
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
2012
Heating
FORCED AIR
Cooling
Yes
Stories
12
Buildings
1
Units
1
Rooms
4
Lot
0.65 ac
Current owner
From public records · entity-resolved
K RT
Individual
Mailing address
5 ELECTRIC AVE, LUNENBURG, MA 01462-2207
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2011
$270,000
K RT
332 Massachusetts Ave RT
Grant Deed
—
Aug 24, 2010
—
Charles C Doyle
—
Deed Of Trust
related
$500,000 · Enterprise Bank & Trust
Mar 25, 2005
$380,000
Brian C Cote
J Glenns Auto Salon
Grant Deed
$196,000 · Flagship Bank & Trust
Apr 18, 2002
—
Jason Everett Glenn
—
Deed Of Trust
related
$250,000 · N Middlesex Savings Bank
Oct 4, 2000
$152,000
Jason Everett Glenn
Pearson,laurie M
Grant Deed
$114,000 · Commerce Bank & Trust
Aug 1, 1996
$98,000
Laurie M Pearson
Smith,bruce W
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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