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Property profile & analytics
OFF-MARKET
Estimated value
$24,590,000
Turn key restaurants
6 Billings St, Randolph, MA 02368-1703
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-1815127
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1970
Construction
FRAME
Total area
56,523 SF
Lot
4.47 ac (194,713 SF)
Zoning code
BHRD
APN
RAND M:02 B:C L:0022
UPID
US38-1815127
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
-
Vincent's Nightclub Nightclub DJ & Entertainment
-
Timothy Malis Association Or Organization
-
Yankees BUS Garage Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$24.59M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$24.59M
Owner & transaction history
Randolph Trns Rlty LLC · 2 yrs held
Randolph Trns Rlty LLC
since 2024
Last sale
$24.6M
5 recorded transactions
Zoning & alternative use
BHRD · Randolph, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Randolph submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Randolph 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
$24,590,000
ML approach
$24,590,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$24.59M
Range $22.13M – $27.05M · ±10% · vs last sale $24.59M (Feb 2 2024)
Last sale anchor
$24.59M
Feb 2 2024
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
$435 / 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
$138,299
Tax year 2024
Assessed value
$6,238,100
Assessed 2024
Previous assessed
$5,842,300
+6.8% YoY
Effective rate
2.22%
On assessed value
Assessed land
$2,339,100
Assessed improvement
$3,899,000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1970
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Bathrooms
10
Total area
56,523 SF
Lot
4.47 ac (194,713 SF)
Zoning code
BHRD
APN
RAND M:02 B:C L:0022
UPID
US38-1815127
Jurisdiction
RANDOLPH
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
BHRD · Randolph, MA
Zoning BHRD · permitted uses
BHRD · Randolph, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Randolph. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1970
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Bathrooms
10
Lot
4.47 ac
Current owner
From public records · entity-resolved
Randolph Trns Rlty LLC
Entity
Mailing address
6 BILLINGS ST, RANDOLPH, MA 02368-1703
Ownership since
2024
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
Feb 2, 2024
$24,592,000
Randolph Trns Rlty LLC
Smiley Face LLC
Quit Claim Arm's Length For Ne States
$15,000,000 · Harborone Bank
Jan 31, 2024
$16,500,000
Smiley Face LLC
Randolph Realty Tii
Quit Claim Arm's Length For Ne States
$15,863,698 · Yankee Line INC
Sep 1, 2010
$1
Lombardo Co LP
Lombardo,vincent J
Grant Deed
—
Apr 28, 2010
$1
Vincent J Lombardo
Lombardo Companies LP
Grant Deed
—
May 30, 1995
—
Randolph RT
—
Deed Of Trust
related
$1,232,400 · Citizens Bank Of Ma
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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