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Property profile & analytics
OFF-MARKET
Estimated value
$860,000
Investment properties
5 Ml St, Northborough, MA 01532-1905
Entity Owned
2-yr Hold
Property ID
US38-1935835
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Construction
CONCRETE
Total area
4,590 SF
Lot
0.33 ac (14,375 SF)
Zoning code
DB
APN
NBOR M:0540 L:0048
UPID
US38-1935835
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
-
Scanlon Finance Services Inc Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$860k
CAP Approach
CAP
$635k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$860k
Owner & transaction history
Kelnee Management LLC · 2 yrs held
Kelnee Management LLC
since 2024
Last sale
$860,000
6 recorded transactions
Zoning & alternative use
DB · Northborough, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$720,000
+42.6%
Auto repair, garage
$705,000
+39.4%
Office building
$625,000
+23.6%
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 Northborough submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Northborough 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
$860,000
ML approach
$860,000
CAP Approach
CAP Return
Estimation
6%
$690,000
6.5%
$635,000
7%
$590,000
Alternative Use
Use
Estimation
RETAIL STORES
$720,000
Change: +43% · Conversion: Easy
AUTO REPAIR, GARAGE
$705,000
Change: +39% · Conversion: Difficult
OFFICE BUILDING
$625,000
Change: +24% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$580,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$860k
Range $774k – $946k · ±10% · vs last sale $860k (Apr 3 2024)
Last sale anchor
$860k
Apr 3 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
$187 / 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
$8,868
Tax year 2024
Assessed value
$621,000
Assessed 2024
Previous assessed
$621,000
+0.0% YoY
Effective rate
1.43%
On assessed value
Assessed land
$188,300
Assessed improvement
$432,700
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1900
Construction
CONCRETE
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
3
Units
3
Rooms
7
Bathrooms
4
Total area
4,590 SF
Lot
0.33 ac (14,375 SF)
Zoning code
DB
APN
NBOR M:0540 L:0048
UPID
US38-1935835
Jurisdiction
NORTHBOROUGH
Zoning & alternative use
DB · Northborough, MA
Zoning DB · permitted uses
DB · Northborough, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Northborough. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$720,000
AUTO REPAIR, GARAGE
Est. value
$705,000
OFFICE BUILDING
Est. value
$625,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$580,000
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1900
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Stories
3
Buildings
1
Units
3
Rooms
7
Bathrooms
4
Lot
0.33 ac
Current owner
From public records · entity-resolved
Kelnee Management LLC
Entity
Mailing address
5 ML ST, NORTHBOROUGH, MA 01532-1905
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2024
$860,000
Kelnee Management LLC
Mahavira LLC
Quit Claim Arm's Length For Ne States
—
Jun 20, 2023
—
Mahavira LLC
Arora Mansi
Quit Claim Deed
related
—
Dec 28, 2017
$462,500
Mansi Arora
Northwind Realty Trust
Quit Claim Deed
$346,875 · Homefield Cu
Jan 21, 2003
—
Northwind RT
—
Deed Of Trust
related
$300,000 · Westborough Savings
Aug 28, 2001
—
Northwind RT
—
Deed Of Trust
related
$200,000 · Westborough Savings
Feb 10, 1989
—
Northwind RT
—
Deed Of Trust
related
$250,000 · Peoples Bk Worcester
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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