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Property profile & analytics
OFF-MARKET
Retail space
60 Central St Southborough, MA 01745-1004
Individually Owned
Free & Clear
Property ID
US38-0641571
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1876
Construction
FRAME
Total area
2,538 SF
Lot
0.25 ac (10,890 SF)
Zoning code
BV
APN
SBOR M:038.0 B:0000 L:0061.0
UPID
US38-0641571
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
-
Renew Aesthetic Medicine and Wellness Spa & Massage Center Alternative Medicine Practice
-
Teri Ciccone, MD Spa & Massage Center Alternative Medicine Practice
-
Salon Entré Nous LLC Hair Salon Nail Salon
-
Beth Domolky, RN Registered General Nurse
-
Melanie Carvalho Spa & Massage Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Cheng Hester Meiling
Cheng Hester Meiling
since 2026
7 recorded transactions
Zoning & alternative use
BV · Southborough, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The BV zone is intended to be a strong economic base for the City while providing a mix of uses that support an active, pedestrian oriented environment that allows for a variety of goods and services, entertainment and leisure activities
Zone name
Business Village
General category
COMMERCIAL
Zone area
29.96 ac
Source
Realmo
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 Southborough submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Southborough 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,805
Tax year 2024
Assessed value
$489,200
Assessed 2024
Previous assessed
$480,600
+1.8% YoY
Effective rate
1.39%
On assessed value
Assessed land
$254,900
Assessed improvement
$234,300
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1876
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Rooms
5
Bathrooms
2
Total area
2,538 SF
Lot
0.25 ac (10,890 SF)
Zoning code
BV
APN
SBOR M:038.0 B:0000 L:0061.0
UPID
US38-0641571
Jurisdiction
SOUTHBOROUGH
Zoning & alternative use
BV · Southborough, MAZoning BV · permitted uses
BV · Southborough, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The BV zone is intended to be a strong economic base for the City while providing a mix of uses that support an active, pedestrian oriented environment that allows for a variety of goods and services, entertainment and leisure activities
Zone name
Business Village
General category
COMMERCIAL
Zone area
29.96 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1876
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Rooms
5
Bathrooms
2
Lot
0.25 ac
Current owner
From public records · entity-resolved
Cheng Hester Meiling
Individual
Free & Clear · 0 yrs held
Mailing address
60 CENTRAL ST, SOUTHBOROUGH, MA 01745-1004
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2026
—
Cheng Hester Meiling
Strawberry Hill RT
Quitclaim Deed
related
—
Apr 14, 2021
—
Strawberry Hl RT
—
Deed
related
$124,000 · New England Certified Development Corp
Mar 6, 2007
$415,000
Strawberry Hill RT
T&g RT
Grant Deed
$421,600 · Ben Franklin Savings Bank
Dec 29, 2006
$1
T RT
Central Street RT
Grant Deed
—
Aug 16, 2006
—
Central Street RT
—
Deed Of Trust
related
$15,000 · Torti Christopher Tr
Jan 6, 2006
$300,000
Central St. RT
Castagnetti,david G
Grant Deed
$388,500 · Patricia Moody
Nov 6, 2000
—
John Castagnetti
—
Deed Of Trust
related
$60,000 · Donald F Craig JR
Dec 1, 1988
—
Castagnetti Rlty Trust
—
Deed Of Trust
related
$289,000 · Home Natl Bk Of Milfd
Jun 3, 1988
$167,250
Castagnetti RT
60 Central St RT
Grant Deed
$495,000 · Home Natl Bk Of Milfd
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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