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Property profile & analytics
OFF-MARKET
Estimated value
$1,060,000
Investment properties
56-60 Hopedale St Hopedale, MA 01747
Entity Owned
6-yr Hold
Property ID
US38-1692884
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1880
Construction
FRAME
Total area
8,400 SF
Lot
0.35 ac (15,072 SF)
Zoning code
C
APN
HOPE M:0011 B:0092 L:0
UPID
US38-1692884
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
$1.14M
CAP Approach
CAP
$1.17M
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$1.06M
Owner & transaction history
Mcbride LLC · 6 yrs held
Mcbride LLC
since 2020
Last sale
$940,000
6 recorded transactions
Zoning & alternative use
C · Hopedale, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Commercial
General category
COMMERCIAL
Zone area
2.56 ac
Source
Realmo
Top alternative use upside
Restaurant
$1.6M
+71.3%
Retail stores
$1.3M
+42.6%
Auto repair, garage
$1.3M
+39.4%
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 Hopedale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hopedale 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
$1,120,000
ML approach
$1,135,000
CAP Approach
CAP Return
Estimation
6%
$1,265,000
6.5%
$1,165,000
7%
$1,080,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$925,000
Current use
RESTAURANT
$1,585,000
Change: +71% · Conversion: Difficult
RETAIL STORES
$1,320,000
Change: +43% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,290,000
Change: +39% · Conversion: Difficult
OFFICE BUILDING
$1,140,000
Change: +24% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,060,000
Change: +15% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,010,000
Change: +9% · Conversion: Moderate
WAREHOUSE, STORAGE
$845,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$1.06M
Range $954k – $1.17M · ±10% · vs last sale $940k (Jan 31 2020)
Last sale anchor
$940k
Jan 31 2020
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
$126 / 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
Assessed value
$932,000
Assessed 2024
Previous assessed
$932,000
+0.0% YoY
Assessed land
$152,200
Assessed improvement
$779,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1880
Construction
FRAME
Heating
STEAM
Buildings
1
Stories
3
Units
8
Rooms
32
Bathrooms
8
Total area
8,400 SF
Lot
0.35 ac (15,072 SF)
Zoning code
C
APN
HOPE M:0011 B:0092 L:0
UPID
US38-1692884
Jurisdiction
HOPEDALE
Zoning & alternative use
C · Hopedale, MAZoning C · permitted uses
C · Hopedale, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Commercial
General category
COMMERCIAL
Zone area
2.56 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$925,000
RESTAURANT
Est. value
$1.6M
RETAIL STORES
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.0M
WAREHOUSE, STORAGE
Est. value
$845,000
COMMERCIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
1880
Construction
FRAME
Heating
STEAM
Stories
3
Buildings
1
Units
8
Rooms
32
Bathrooms
8
Lot
0.35 ac
Current owner
From public records · entity-resolved
Mcbride LLC
Entity
Mailing address
308 W CENTRAL ST, FRANKLIN, MA 02038-2167
Ownership since
2020
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
Jan 31, 2020
$940,000
Mcbride LLC
Mcneal LLC
Quit Claim Arm's Length For Ne States
$658,000 · Middlesex Savings Bank
Oct 28, 2002
$735,000
Mcneal LLC
Hammer RT
Grant Deed
$588,000 · Strata Bank
Aug 16, 2001
—
RT Hammer
—
Deed Of Trust
related
$250,000 · Citizens Bank Of Ma
Jun 9, 1999
—
RT Hammer
—
Deed Of Trust
related
$100,000 · Dolores Alexander
Aug 30, 1990
—
RT Hammer
—
Deed Of Trust
related
$356,000 · Baybank Middlesex
Jun 27, 1990
$515,000
RT Hammer
Kinkead RT
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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