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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Retail space
63 Main St Hopkinton, MA 01748-1123
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0083342
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2011
Construction
FRAME
Total area
2,805 SF
Lot
0.19 ac (8,185 SF)
Zoning code
BD
APN
HOPK M:0U16 B:0254 L:0
UPID
US38-0083342
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
-
Hiller's Cleaners (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$600k
CAP Approach
CAP
$620k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$605k
Owner & transaction history
28 Main Street LLC · 4 yrs held
28 Main Street LLC
since 2022
Last sale
$600,000
4 recorded transactions
Zoning & alternative use
BD · Hopkinton, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
es allowed by special permit. ARTICLE VI Business (B) District § 210-17 Size and setback requirements. § 210-18 Permitted uses. § 210-19 Uses allowed by special permit. § 210-20 (Reserved) ARTICLE VIA Downtown Business (BD) District § 210-20.1 Size and setback requirements. § 210-20.2 Permitted uses. § 210-20.3 Uses allowed by special permit. § 210-20.4 Off-…
Zone name
Downtown Business
General category
COMMERCIAL
Zone area
62.59 ac
Top alternative use upside
Auto repair, garage
$790,000
+4.4%
Neighborhood: shopping center
$775,000
+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
$650,000
ML approach
$600,000
CAP Approach
CAP Return
Estimation
6%
$670,000
6.5%
$620,000
7%
$575,000
Alternative Use
Use
Estimation
RETAIL STORES
$755,000
Current use
AUTO REPAIR, GARAGE
$790,000
Change: +4% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$775,000
Change: +3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$725,000
Change: -4% · Conversion: Easy
OFFICE BUILDING
$615,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$605k
Range $545k – $666k · ±10% · vs last sale $600k (May 23 2022)
Last sale anchor
$600k
May 23 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
$216 / 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
$10,770
Tax year 2024
Assessed value
$737,700
Assessed 2024
Previous assessed
$737,700
+0.0% YoY
Effective rate
1.46%
On assessed value
Assessed land
$235,900
Assessed improvement
$501,800
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
2011
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Rooms
4
Bathrooms
3
Total area
2,805 SF
Lot
0.19 ac (8,185 SF)
Zoning code
BD
APN
HOPK M:0U16 B:0254 L:0
UPID
US38-0083342
Jurisdiction
HOPKINTON
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
BD · Hopkinton, MAZoning BD · permitted uses
BD · Hopkinton, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
es allowed by special permit. ARTICLE VI Business (B) District § 210-17 Size and setback requirements. § 210-18 Permitted uses. § 210-19 Uses allowed by special permit. § 210-20 (Reserved) ARTICLE VIA Downtown Business (BD) District § 210-20.1 Size and setback requirements. § 210-20.2 Permitted uses. § 210-20.3 Uses allowed by special permit. § 210-20.4 Off-street parking. ARTICLE VII Rural Business (BR) District § 210-21 Development and
Zone name
Downtown Business
General category
COMMERCIAL
Zone area
62.59 ac
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$755,000
AUTO REPAIR, GARAGE
Est. value
$790,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$775,000
COMMERCIAL (GENERAL)
Est. value
$725,000
OFFICE BUILDING
Est. value
$615,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
2011
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Rooms
4
Bathrooms
3
Lot
0.19 ac
Current owner
From public records · entity-resolved
28 Main Street LLC
Entity
Mailing address
17 BREAKNECK HL RD, HOPKINTON, MA 01748-2348
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 16, 2023
—
28 Main Street LLC
—
Deed
related
$500,000 · Charles River Bank
May 23, 2022
$600,000
28 Main Street LLC
63 Main Street Re LLC
Quit Claim Arm's Length For Ne States
—
May 2, 2011
$310,000
63 Main St Re LLC
Hitchings,donald A
Grant Deed
$497,850 · Middlesex Savings Bank
May 2, 2011
—
63 Main St Real Est LLC
—
Deed Of Trust
related
$398,280 · Middlesex Savings Bank
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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