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Property profile & analytics
OFF-MARKET
Estimated value
$16,450,000
Retail properties & Spaces
535 Grand Army Hwy, Somerset, MA 02726-1286
Entity Owned
32-yr Hold
~
Est. High Equity
Property ID
US38-1225958
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
2001
Total area
114,424 SF
Lot
12.94 ac (563,666 SF)
Zoning code
C
APN
SOME M:0A9 L:0225
UPID
US38-1225958
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$15.00M
Blend (final)
Blend
$16.45M
Owner & transaction history
Gar Rlty Co · 32 yrs held
Gar Rlty Co
since 1993
5 recorded transactions
Zoning & alternative use
C · Somerset, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$18.3M
+50.5%
Auto repair, garage
$18.1M
+48.6%
Neighborhood: shopping center
$17.5M
+43.5%
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 Somerset submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Somerset 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$12,175,000
Current use
APARTMENT HOUSE (5+ UNITS)
$18,320,000
Change: +50% · Conversion: Difficult
AUTO REPAIR, GARAGE
$18,085,000
Change: +49% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$17,475,000
Change: +44% · Conversion: Moderate
WAREHOUSE, STORAGE
$15,135,000
Change: +24% · Conversion: Difficult
RESTAURANT
$15,075,000
Change: +24% · Conversion: Easy
INDUSTRIAL (GENERAL)
$12,980,000
Change: +7% · Conversion: Difficult
OFFICE BUILDING
$11,260,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$16.45M
Range $14.81M – $18.10M · ±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
$144 / 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
$322,593
Tax year 2024
Assessed value
$12,665,600
Assessed 2024
Previous assessed
$11,457,100
+10.5% YoY
Effective rate
2.55%
On assessed value
Assessed land
$2,700,100
Assessed improvement
$9,965,500
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
2001
Heating
CENTRAL
Buildings
2
Stories
1
Units
1
Total area
114,424 SF
Lot
12.94 ac (563,666 SF)
Zoning code
C
APN
SOME M:0A9 L:0225
UPID
US38-1225958
Jurisdiction
SOMERSET
Zoning & alternative use
C · Somerset, MA
Zoning C · permitted uses
C · Somerset, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Somerset. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$12.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$18.3M
AUTO REPAIR, GARAGE
Est. value
$18.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$17.5M
WAREHOUSE, STORAGE
Est. value
$15.1M
RESTAURANT
Est. value
$15.1M
INDUSTRIAL (GENERAL)
Est. value
$13.0M
OFFICE BUILDING
Est. value
$11.3M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
RESTAURANT
INDUSTRIAL (GENERAL)
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
2001
Heating
CENTRAL
Stories
1
Buildings
2
Units
1
Lot
12.94 ac
Current owner
From public records · entity-resolved
Gar Rlty Co
Entity
Mailing address
PO BOX 105842, ATLANTA, GA 30348-5842
Ownership since
1993
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
Apr 14, 2004
—
Reds Somerset INC
—
Deed Of Trust
related
$100,000 · Slades Ferry Trust Co
Aug 28, 1996
—
Gar Rlty Company
—
Deed Of Trust
related
$294,437 · Misc Other
Nov 12, 1993
$27,500
Gar Rlty Co
Fournier,joan
Grant Deed
$25,108 · Zenon Grzybowski
Mar 28, 1989
—
Gar Rlty INC
—
Deed Of Trust
related
$800,000 · First Bristolcty Ofma
Nov 5, 1987
—
G A R Rlty INC
—
Deed Of Trust
related
$672,097 · Zuckerman Family Nomi
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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