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Property profile & analytics
FOR LEASE
Commercial real estate
56 Common St Barre, MA 01005
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-0491642
For Lease
1 / 2
$600/Mo
56 Common St, Barre, MA 01005
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1869
Construction
FRAME
Total area
5,109 SF
Lot
1.51 ac (65,776 SF)
Zoning code
TBD
APN
BARR M:00EA B:0206 L:
UPID
US38-0491642
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
-
Farber and Lindley, LLC Law Firm
-
Fidelity Bank Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.04M
CAP Approach
CAP
$710k
Comparable Approach
Comparable
$875k
Blend (final)
Blend
$935k
Owner & transaction history
Quabbin Realty LLC · 2 yrs held
Quabbin Realty LLC
since 2023
Last sale
$1.1M
1 recorded transaction
Zoning & alternative use
TBD · Barre, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$965,000
+71.3%
Retail stores
$800,000
+42.6%
Auto repair, garage
$785,000
+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 Barre submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Barre 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
$965,000
ML approach
$1,040,000
CAP Approach
CAP Return
Estimation
6%
$770,000
6.5%
$710,000
7%
$660,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$560,000
Current use
RESTAURANT
$965,000
Change: +71% · Conversion: Difficult
RETAIL STORES
$800,000
Change: +43% · Conversion: Easy
AUTO REPAIR, GARAGE
$785,000
Change: +39% · Conversion: Difficult
OFFICE BUILDING
$695,000
Change: +24% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$645,000
Change: +15% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$615,000
Change: +9% · Conversion: Moderate
Blend value · Realmo final
$935k
Range $842k – $1.03M · ±10% · vs last sale $1.10M (Aug 18 2023)
Last sale anchor
$1.10M
Aug 18 2023
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
$183 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$33,081
Tax year 2023
Assessed value
$2,085,800
Assessed 2023
Previous assessed
$2,085,800
+0.0% YoY
Effective rate
1.59%
On assessed value
Assessed land
$144,900
Assessed improvement
$1,940,900
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
1869
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Units
1
Bathrooms
4
Total area
5,109 SF
Lot
1.51 ac (65,776 SF)
Zoning code
TBD
APN
BARR M:00EA B:0206 L:
UPID
US38-0491642
Jurisdiction
BARRE
Zoning & alternative use
TBD · Barre, MA
Zoning TBD · permitted uses
TBD · Barre, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Barre. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$560,000
RESTAURANT
Est. value
$965,000
RETAIL STORES
Est. value
$800,000
AUTO REPAIR, GARAGE
Est. value
$785,000
OFFICE BUILDING
Est. value
$695,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$645,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$615,000
COMMERCIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
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
1869
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
1
Bathrooms
4
Lot
1.51 ac
Current owner
From public records · entity-resolved
Quabbin Realty LLC
Entity
Mailing address
56 CMN ST, BARRE, MA 01005
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2023
$1,100,000
Quabbin Realty LLC
Fidelity Cooperative Bank
Quit Claim Arm's Length For Ne States
$860,000 · Fidelity Cooperative Bank
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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