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Property profile & analytics
OFF-MARKET
Estimated value
$965,000
Showrooms
58 Mellen St Hopedale, MA 01747-1522
Entity Owned
22-yr Hold
Free & Clear
Property ID
US38-0343727
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2004
Construction
STEEL FRAME
Total area
9,460 SF
Lot
6.42 ac (279,864 SF)
Zoning code
C
APN
HOPE M:0020 B:0003 L:0
UPID
US38-0343727
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
-
Front Line Construction Company
-
Cutting Edge Environmental Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.32M
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$965k
Owner & transaction history
60 Mellen Hldgs LLC · 22 yrs held
60 Mellen Hldgs LLC
since 2004
3 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
Retail stores
$1.5M
+42.6%
Auto repair, garage
$1.5M
+39.4%
Office building
$1.3M
+23.6%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,420,000
6.5%
$1,315,000
7%
$1,220,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,040,000
Current use
RETAIL STORES
$1,485,000
Change: +43% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,450,000
Change: +39% · Conversion: Difficult
OFFICE BUILDING
$1,285,000
Change: +24% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,195,000
Change: +15% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,135,000
Change: +9% · Conversion: Moderate
WAREHOUSE, STORAGE
$950,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$965k
Range $869k – $1.06M · ±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
$102 / 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
$31,395
Tax year 2024
Assessed value
$1,081,100
Assessed 2024
Previous assessed
$1,081,100
+0.0% YoY
Effective rate
2.90%
On assessed value
Assessed land
$332,500
Assessed improvement
$748,600
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2004
Construction
STEEL FRAME
Heating
RADIANT
Cooling
YES
Buildings
1
Stories
2
Units
1
Bathrooms
3
Total area
9,460 SF
Lot
6.42 ac (279,864 SF)
Zoning code
C
APN
HOPE M:0020 B:0003 L:0
UPID
US38-0343727
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
$1.0M
RETAIL STORES
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$950,000
COMMERCIAL (GENERAL) Current
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
2004
Construction
STEEL FRAME
Heating
RADIANT
Cooling
Yes
Stories
2
Buildings
1
Units
1
Bathrooms
3
Lot
6.42 ac
Current owner
From public records · entity-resolved
60 Mellen Hldgs LLC
Entity
Free & Clear · 22 yrs held
Mailing address
3 BERKLEY RD, MILFORD, MA 01757-1001
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2004
$1
60 Mellen Hldgs LLC
Hal Realty Prtnrs LLC
Grant Deed
related
—
Nov 28, 2001
$148,000
Salter Family LP
Sprague St Partners
Grant Deed
—
Apr 9, 2001
$285,000
Sprague Street Partner
Bob Kelly&sons Farm
Grant Deed
$240,000 · Mass Mutual Life Ins
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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