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Property profile & analytics
OFF-MARKET
Auto shops
556 Ctr St, Ludlow, MA 01056-2731
Individually Owned
20-yr Hold
Free & Clear
Property ID
US38-0591870
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,089 SF
Lot
0.31 ac (13,464 SF)
Zoning code
BUS A
APN
LUDL M:16A B:3550 P:73
UPID
US38-0591870
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
-
Beachside Motors Inc Car Dealership
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
Irwin I Weitz · 20 yrs held
Irwin I Weitz
since 2006
7 recorded transactions
Zoning & alternative use
BUS A · Ludlow, 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 Ludlow submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ludlow 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
$4,854
Tax year 2024
Assessed value
$268,300
Assessed 2024
Previous assessed
$244,600
+9.7% YoY
Effective rate
1.81%
On assessed value
Assessed land
$166,400
Assessed improvement
$101,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Rooms
12
Total area
2,089 SF
Lot
0.31 ac (13,464 SF)
Zoning code
BUS A
APN
LUDL M:16A B:3550 P:73
UPID
US38-0591870
Jurisdiction
LUDLOW
Zoning & alternative use
BUS A · Ludlow, MA
Zoning BUS A · permitted uses
BUS A · Ludlow, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ludlow. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Rooms
12
Lot
0.31 ac
Current owner
From public records · entity-resolved
Irwin I Weitz
Individual
Free & Clear · 20 yrs held
Mailing address
556 CTR ST, LUDLOW, MA 01056-2731
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 25, 2006
$1
Irwin I Weitz
Chrela LLC
Grant Deed
—
Feb 15, 2005
$179,400
Chrela LLC
Miguel Goncalves
Deed
$202,800 · Banknorth Mtg Group
Apr 15, 2004
$235,000
Miguel Goncalves
Silva Re Svc
Grant Deed
$220,000 · Silva Re Svcs INC
Sep 12, 2000
$120,000
Silva Re Svcs INC
Barros,elsa D
Grant Deed
—
Oct 5, 1993
—
Antonio M Barros
—
Deed Of Trust
related
$400,000 · Ne Allbank For Savings
Nov 17, 1989
—
Antonio M Barros
—
Deed Of Trust
related
$55,500 · Zwi Kohorn
May 9, 1988
—
Antonio M Barros
—
Deed Of Trust
related
$25,000 · Zwi Kohorn
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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