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Property profile & analytics
FOR SALE
Investment properties
616 Center St Brockton, MA 02302
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US38-0171697
For Sale
1 / 40
$799,900
616 Center St, Brockton, MA 02302
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1916
Total area
4,018 SF
Lot
0.23 ac (10,232 SF)
Zoning code
C1
APN
BROC M:155 R:078 S:
UPID
US38-0171697
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$660k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$687k
Blend (final)
Blend
$640k
Owner & transaction history
Grant Estates LLC · 5 yrs held
Grant Estates LLC
since 2021
Last sale
$597,000
7 recorded transactions
Zoning & alternative use
C1 · Brockton, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$995,000
+37.9%
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 Brockton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Brockton 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
$660,000
ML approach
$660,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$720,000
Current use
RETAIL STORES
$995,000
Change: +38% · Conversion: Easy
Blend value · Realmo final
$640k
Range $576k – $704k · ±10% · vs last sale $597k (Mar 3 2021)
Last sale anchor
$597k
Mar 3 2021
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
$159 / 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
Assessed value
$565,500
Assessed 2024
Previous assessed
$565,500
+0.0% YoY
Assessed land
$185,900
Assessed improvement
$379,600
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Sale
Year built
1916
Heating
STEAM
Buildings
1
Stories
2
Units
1
Rooms
6
Bathrooms
2
Total area
4,018 SF
Lot
0.23 ac (10,232 SF)
Zoning code
C1
APN
BROC M:155 R:078 S:
UPID
US38-0171697
Jurisdiction
BROCKTON
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
C1 · Brockton, MA
Zoning C1 · permitted uses
C1 · Brockton, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Brockton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$720,000
RETAIL STORES
Est. value
$995,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
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
1916
Heating
STEAM
Stories
2
Buildings
1
Units
1
Rooms
6
Bathrooms
2
Lot
0.23 ac
Current owner
From public records · entity-resolved
Grant Estates LLC
Entity
Mailing address
79 RAINBOW CIR, BROCKTON, MA 02301-2125
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 27, 2022
—
Grant Estates LLC
—
Deed
related
$468,750 · Velocity Commercial Capital LLC
Mar 3, 2021
$597,000
Grant Estates LLC
Partners Choice Prop LLC
Quit Claim Arm's Length For Ne States
$468,000 · Stage Point Fund LLC
Jan 10, 2020
$333,500
Partners Choice Props LLC
616 Centre Street LLC
Quit Claim Deed
$320,000 · Stage Pt Fund LLC
Mar 26, 2012
—
616 Centre Street LLC
—
Deed Of Trust
related
$160,000 · Rockland Trust Co
May 17, 2011
$120,000
616 Centre Street LLC
East Bay Funding LLC
Quit Claim Deed
$167,000 · Worth Funding INC
May 17, 2011
$99,000
East Bay Funding LLC
Greenpoint Mtg Funding
Grant Deed
—
Oct 12, 2010
$144,000
Greenpoint Mtg Fundin INC
Bg Realty LLC
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Feb 25, 2010
—
Bg Realty LLC
—
Deed Of Trust
related
$75,139 · Mozzone Lumber Co INC
Aug 31, 2006
—
Bg Realty LLC
—
Deed Of Trust
related
$285,700 · Greenpoint Mortgage Funding
Feb 12, 2001
—
Bg Realty LLC
—
Deed Of Trust
related
$167,790 · Equity One INC
Jul 1, 1999
—
RT 2 Allen
—
Deed Of Trust
related
$150,000 · Rockland Trust Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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