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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Retail properties & Spaces
583 Massachusetts Ave, Acton, MA 01720-2950
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-0599977
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1873
Construction
FRAME
Total area
2,048 SF
Lot
0.08 ac (3,507 SF)
APN
ACTO M:00F2A B:0088 L:0000
UPID
US38-0599977
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
-
Absolute Tile Marble & Cabinets Kitchen & Bath Showroom Hardware & Home Improvement
-
SPIRAL INTERIOR SPACES Hardware & Home Improvement Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$570k
CAP Approach
CAP
$455k
Comparable Approach
Comparable
$537k
Blend (final)
Blend
$570k
Owner & transaction history
585 Mass Ave Realty LLC · 3 yrs held
585 Mass Ave Realty LLC
since 2022
Last sale
$650,000
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$575,000
+4.4%
Neighborhood: shopping center
$565,000
+2.8%
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 Acton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Acton 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
$555,000
ML approach
$570,000
CAP Approach
CAP Return
Estimation
6%
$490,000
6.5%
$455,000
7%
$420,000
Alternative Use
Use
Estimation
RETAIL STORES
$550,000
Current use
AUTO REPAIR, GARAGE
$575,000
Change: +4% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$565,000
Change: +3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$530,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$570k
Range $513k – $627k · ±10% · vs last sale $650k (Dec 21 2022)
Last sale anchor
$650k
Dec 21 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
$278 / 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
$5,789
Tax year 2024
Assessed value
$347,300
Assessed 2024
Previous assessed
$347,300
+0.0% YoY
Effective rate
1.67%
On assessed value
Assessed land
$264,700
Assessed improvement
$82,600
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1873
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
1
Units
8
Bathrooms
2
Total area
2,048 SF
Lot
0.08 ac (3,507 SF)
APN
ACTO M:00F2A B:0088 L:0000
UPID
US38-0599977
Jurisdiction
ACTON
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
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
$550,000
AUTO REPAIR, GARAGE
Est. value
$575,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$565,000
COMMERCIAL (GENERAL)
Est. value
$530,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1873
Construction
FRAME
Heating
HOT WATER
Stories
1
Buildings
1
Units
8
Bathrooms
2
Lot
0.08 ac
Current owner
From public records · entity-resolved
585 Mass Ave Realty LLC
Entity
Mailing address
585 MASSACHUSETTS AVE, ACTON, MA 01720-2949
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2022
$650,000
585 Mass Ave Realty LLC
Stonehouse School LLC
Quit Claim Arm's Length For Ne States
$450,000 · Institution For Savings Newburyport
Nov 16, 2020
—
Stonehouse Sch LLC
Stone Hse
Quit Claim Deed
related
—
Dec 19, 1997
$287,500
House RT Stone
Smith,david L
Grant Deed
$224,000 · Middlesex Savings 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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