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Property profile & analytics
OFF-MARKET
Estimated value
$3,335,000
Retail space
61 Main St Hopkinton, MA 01748-1123
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US38-0081038
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1945
Construction
STEEL FRAME
Total area
19,683 SF
Lot
2.23 ac (97,060 SF)
APN
HOPK M:0U16 B:0250 L:0
UPID
US38-0081038
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
-
CVS Pharmacy Pharmacy
-
CVS Cosmetic Store
-
Santander Bank ATM Atm
-
CVS Photo (Bike/Boat/Book/etc) Store
-
Middlesex Savings Bank - ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.35M
Comparable Approach
Comparable
$2.19M
Blend (final)
Blend
$3.34M
Owner & transaction history
Hopkinton Cp LLC · 11 yrs held
Hopkinton Cp LLC
since 2015
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.5M
+4.4%
Neighborhood: shopping center
$5.5M
+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 Hopkinton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hopkinton 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%
$4,715,000
6.5%
$4,350,000
7%
$4,040,000
Alternative Use
Use
Estimation
RETAIL STORES
$5,305,000
Current use
AUTO REPAIR, GARAGE
$5,540,000
Change: +4% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,455,000
Change: +3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$5,085,000
Change: -4% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$4,535,000
Change: -15% · Conversion: Difficult
OFFICE BUILDING
$4,310,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$3.34M
Range $3.00M – $3.67M · ±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
$169 / 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
$70,141
Tax year 2024
Assessed value
$4,804,200
Assessed 2024
Previous assessed
$4,804,200
+0.0% YoY
Effective rate
1.46%
On assessed value
Assessed land
$1,250,900
Assessed improvement
$3,553,300
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
1945
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
2
Bathrooms
4
Total area
19,683 SF
Lot
2.23 ac (97,060 SF)
APN
HOPK M:0U16 B:0250 L:0
UPID
US38-0081038
Jurisdiction
HOPKINTON
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
$5.3M
AUTO REPAIR, GARAGE
Est. value
$5.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.5M
COMMERCIAL (GENERAL)
Est. value
$5.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.5M
OFFICE BUILDING
Est. value
$4.3M
RETAIL STORES Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1945
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
2
Bathrooms
4
Lot
2.23 ac
Current owner
From public records · entity-resolved
Hopkinton Cp LLC
Entity
Mailing address
188 NEEDHAM ST STE #255, NEWTON, MA 02464-1563
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2020
—
Hopkinton LLC
—
Deed
related
$4,200,000 · Cambridge Tr
Mar 13, 2015
—
Hopkinton Cp LLC
Colella Daniel E Trust
Quit Claim Deed
related
—
Aug 30, 2012
—
Hopkinton Town Of
Colella Family LLC
Quit Claim Deed
related
—
Jul 5, 2007
—
Colella Ft LLC
—
Deed Of Trust
related
$350,000 · Strata Bank
Jan 6, 1997
—
Colella Family LLC
—
Deed Of Trust
related
$850,000 · Zmc Trust Et Al 2nd
—
—
Hopkinton LLC
—
Deed Of Trust
related
$4,200,000 · Cambridge Tr
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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