New search
Property profile & analytics
OFF-MARKET
Estimated value
$14,195,000
Grocery and convenience stores
560 Main St, Gardner, MA 01440-3044
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-1919504
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2012
Construction
STEEL FRAME
Total area
63,414 SF
Lot
11.1 ac (483,516 SF)
APN
GARD M:R22 B:23 L:25
UPID
US38-1919504
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
-
Price Chopper Pharmacy Pharmacy
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Price Chopper Specialty Food Shop Supermarket
-
Western Union Bank Credit Union
-
Coinstar Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.53M
CAP Approach
CAP
$14.43M
Comparable Approach
Comparable
$9.92M
Blend (final)
Blend
$14.20M
Owner & transaction history
Exchangeright Portfolio 5 · 4 yrs held
Exchangeright Portfolio 5
since 2022
Last sale
$17.3M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$12.0M
+20.2%
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 Gardner submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gardner 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
$16,700,000
ML approach
$9,525,000
CAP Approach
CAP Return
Estimation
6%
$15,630,000
6.5%
$14,425,000
7%
$13,395,000
Alternative Use
Use
Estimation
RETAIL STORES
$9,950,000
Current use
RESTAURANT
$11,955,000
Change: +20% · Conversion: Easy
AUTO REPAIR, GARAGE
$9,730,000
Change: -2% · Conversion: Difficult
OFFICE BUILDING
$8,625,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$14.20M
Range $12.78M – $15.61M · ±10% · vs last sale $17.30M (Mar 10 2022)
Last sale anchor
$17.30M
Mar 10 2022
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
$224 / 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
$69,766
Tax year 2024
Assessed value
$4,654,200
Assessed 2024
Previous assessed
$4,654,200
+0.0% YoY
Effective rate
1.50%
On assessed value
Assessed land
$735,200
Assessed improvement
$3,919,000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2012
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
4
Total area
63,414 SF
Lot
11.1 ac (483,516 SF)
APN
GARD M:R22 B:23 L:25
UPID
US38-1919504
Jurisdiction
GARDNER
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$10.0M
RESTAURANT
Est. value
$12.0M
AUTO REPAIR, GARAGE
Est. value
$9.7M
OFFICE BUILDING
Est. value
$8.6M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
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
2012
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
4
Lot
11.1 ac
Current owner
From public records · entity-resolved
Exchangeright Portfolio 5
Individual
Mailing address
1055 E COLORADO BLVD STE #310, PASADENA, CA 91106-2374
Ownership since
2022
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
Mar 10, 2022
$17,300,000
Exchangeright Portfolio 5
Simrah Gardens LLC
Quit Claim Arm's Length For Ne States
$87,893,833 · Morgan Stanley Credit Corp
Jul 16, 2020
$14,850,000
Simrah Gardens LLC
Mdc Box 1 LLC
Quit Claim Deed
—
Oct 9, 2014
$14,492,028
Arcp Gs Gardner Ma LLC
Nichols Square LLC
Quit Claim Deed
—
Apr 4, 2008
—
Black Point Realty LLC
—
Deed Of Trust
related
$709,000 · Commonwealth National Bank
Jun 25, 2004
—
Donald E Benoit
—
Deed Of Trust
related
$250,000 · Commonwealth National 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 560 Main St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
