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Property profile & analytics
OFF-MARKET
Estimated value
$895,000
Investment properties
63-65 Cherry St, Ashland, MA 01721
Entity Owned
4-yr Hold
Property ID
US38-2548469
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Construction
STONE
Total area
4,232 SF
Lot
0.3 ac (13,068 SF)
Zoning code
30
APN
ASHL M:014.0 B:0033 L:0000.0
UPID
US38-2548469
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
$870k
CAP Approach
CAP
$1.08M
Comparable Approach
Comparable
$907k
Blend (final)
Blend
$895k
Owner & transaction history
Jdl Properties LLC · 4 yrs held
Jdl Properties LLC
since 2022
Last sale
$897,500
7 recorded transactions
Zoning & alternative use
30 · Ashland, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+8.9%
Neighborhood: shopping center
$1.2M
+7.2%
Retail stores
$1.1M
+4.3%
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 Ashland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ashland 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
$835,000
ML approach
$870,000
CAP Approach
CAP Return
Estimation
6%
$1,165,000
6.5%
$1,075,000
7%
$1,000,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,095,000
Current use
AUTO REPAIR, GARAGE
$1,190,000
Change: +9% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,175,000
Change: +7% · Conversion: Difficult
RETAIL STORES
$1,140,000
Change: +4% · Conversion: Easy
OFFICE BUILDING
$925,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$895k
Range $806k – $985k · ±10% · vs last sale $898k (Feb 28 2022)
Last sale anchor
$898k
Feb 28 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
$211 / 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
$11,401
Tax year 2024
Assessed value
$861,100
Assessed 2024
Previous assessed
$861,100
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$243,100
Assessed improvement
$618,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1900
Construction
STONE
Heating
HOT WATER
Cooling
YES
Stories
3
Units
3
Rooms
15
Bathrooms
5
Total area
4,232 SF
Lot
0.3 ac (13,068 SF)
Zoning code
30
APN
ASHL M:014.0 B:0033 L:0000.0
UPID
US38-2548469
Jurisdiction
ASHLAND
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
30 · Ashland, MA
Zoning 30 · permitted uses
30 · Ashland, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ashland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
OFFICE BUILDING
Est. value
$925,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1900
Construction
STONE
Heating
HOT WATER
Cooling
Yes
Stories
3
Units
3
Rooms
15
Bathrooms
5
Lot
0.3 ac
Current owner
From public records · entity-resolved
Jdl Properties LLC
Entity
Mailing address
PO BOX 66234, AUBURNDALE, MA 02466-0002
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2022
$897,500
Jdl Properties LLC
Edward B Dervishian
Quit Claim Arm's Length For Ne States
$675,000 · St Marys Credit Union
Jan 26, 2021
—
Edward B Dervishian
—
Deed
related
$448,250 · Washington Trust Mortgage Co
May 3, 2019
$900,000
Vesuvius Realty Dev LLC
Bookheimer Peter C Est
Quit Claim Arm's Length For Ne States
$1,312,500 · Village Bank
May 23, 2017
—
Edward B Dervishian
—
Deed
related
$379,000 · Washington Trust Mtg
May 29, 2015
$520,000
Edward B Dervishian
Rogers Daniel E
Quit Claim Deed
—
Mar 27, 2006
—
Daniel E Rogers
—
Deed Of Trust
related
$50,000 · Washington Mutual Bank
Dec 5, 2002
—
Daniel E Rogers
—
Deed Of Trust
related
$129,372 · Washington Mutual Bank
Jun 1, 1999
—
Daniel E Rogers
—
Deed Of Trust
related
$158,200 · Ctx Mortgage Co
May 3, 1990
$155,000
Daniel E Rogers
Hall,elsie F
Grant Deed
$124,000 · Zeger Corp Pension Trust
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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