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Property profile & analytics
OFF-MARKET
Estimated value
$9,115,000
Showrooms
51 State Rd, Dartmouth, MA 02747-3319
Entity Owned
4-yr Hold
Free & Clear
Property ID
US38-1111531
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2000
Construction
STEEL FRAME
Total area
30,850 SF
Lot
1.13 ac (49,223 SF)
Zoning code
GB
APN
DART M:0169 B:0238 L:0000
UPID
US38-1111531
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
-
Bryan D. Murphy, OD Physician
-
Dr. Brian L. Murphy, MD Ophthalmologist
-
Ashley Sousa Physician
-
Dr. Alayna Lucero Physician
-
Dr. Jessica Besen Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.08M
CAP Approach
CAP
$5.61M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.12M
Owner & transaction history
Egmp 51 State Rd LLC · 4 yrs held
Egmp 51 State Rd LLC
since 2021
Last sale
$12.0M
4 recorded transactions
Zoning & alternative use
GB · Dartmouth, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.2M
+57.1%
Auto repair, garage
$5.5M
+19.5%
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 Dartmouth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dartmouth 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
$11,080,000
CAP Approach
CAP Return
Estimation
6%
$6,075,000
6.5%
$5,605,000
7%
$5,205,000
Alternative Use
Use
Estimation
RESTAURANT
$7,220,000
Change: +57% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,490,000
Change: +19% · Conversion: Difficult
Blend value · Realmo final
$9.12M
Range $8.20M – $10.03M · ±10% · vs last sale $12.00M (Oct 27 2021)
Last sale anchor
$12.00M
Oct 27 2021
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
$295 / 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
$69,578
Tax year 2024
Assessed value
$3,732,700
Assessed 2024
Previous assessed
$3,702,100
+0.8% YoY
Effective rate
1.86%
On assessed value
Assessed land
$584,700
Assessed improvement
$3,148,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2000
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
1
Rooms
7
Bathrooms
2
Total area
30,850 SF
Lot
1.13 ac (49,223 SF)
Zoning code
GB
APN
DART M:0169 B:0238 L:0000
UPID
US38-1111531
Jurisdiction
DARTMOUTH
Zoning & alternative use
GB · Dartmouth, MA
Zoning GB · permitted uses
GB · Dartmouth, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Dartmouth. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$7.2M
AUTO REPAIR, GARAGE
Est. value
$5.5M
RESTAURANT
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
2000
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
1
Rooms
7
Bathrooms
2
Lot
1.13 ac
Current owner
From public records · entity-resolved
Egmp 51 State Rd LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 92129, SOUTHLAKE, TX 76092-0102
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2021
$12,000,000
Egmp 51 State Rd LLC
Albany Road 51 State LLC
Quit Claim Arm's Length For Ne States
—
Oct 12, 2018
$8,500,000
Albany Road-51 State L
Eye-man LP
Quit Claim Arm's Length For Ne States
$14,500,000 · Berkshire Bank
Aug 19, 2013
—
Man LP Eye
Dartmouth Pl Office Cnd T
Quit Claim Deed
related
—
Dec 16, 1993
$225,000
Manomet RT
Dartmouth Fin Svc Corp
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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