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Property profile & analytics
OFF-MARKET
Estimated value
$890,000
Turn key restaurants
681 Riverside Ave Somerset, MA 02725-2843
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-0545337
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1951
Total area
7,072 SF
Lot
1.54 ac (67,082 SF)
Zoning code
C
APN
SOME M:0A8 L:0019
UPID
US38-0545337
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
$890k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$890k
Owner & transaction history
Gorman Restaurant Grp Rlt · 2 yrs held
Gorman Restaurant Grp Rlt
since 2024
Last sale
$892,100
6 recorded transactions
Zoning & alternative use
C · Somerset, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.1M
+21.5%
Auto repair, garage
$1.1M
+20.0%
Neighborhood: shopping center
$1.1M
+15.9%
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 Somerset submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Somerset 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
$890,000
ML approach
$890,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$930,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,130,000
Change: +22% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,120,000
Change: +20% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,080,000
Change: +16% · Conversion: Difficult
WAREHOUSE, STORAGE
$935,000
Change: +0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$800,000
Change: -14% · Conversion: Difficult
RETAIL STORES
$755,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$890k
Range $801k – $979k · ±10% · vs last sale $892k (Jan 18 2024)
Last sale anchor
$892k
Jan 18 2024
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
$126 / 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
$13,682
Tax year 2024
Assessed value
$537,200
Assessed 2024
Previous assessed
$491,400
+9.3% YoY
Effective rate
2.55%
On assessed value
Assessed land
$218,800
Assessed improvement
$318,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1951
Heating
CENTRAL
Buildings
2
Stories
1
Units
1
Total area
7,072 SF
Lot
1.54 ac (67,082 SF)
Zoning code
C
APN
SOME M:0A8 L:0019
UPID
US38-0545337
Jurisdiction
SOMERSET
Zoning & alternative use
C · Somerset, MAZoning C · permitted uses
C · Somerset, MA
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
RESTAURANT Current
Est. value
$930,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$935,000
INDUSTRIAL (GENERAL)
Est. value
$800,000
RETAIL STORES
Est. value
$755,000
RESTAURANT Current
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
1951
Heating
CENTRAL
Stories
1
Buildings
2
Units
1
Lot
1.54 ac
Current owner
From public records · entity-resolved
Gorman Restaurant Grp Rlt
Individual
Mailing address
681 RIVERSIDE AVE, SOMERSET, MA 02725-2843
Ownership since
2024
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
Apr 18, 2025
—
Gorman Restaurant Grp Rlt
—
Deed
related
$2,175,000 · Centreville Bank
Jan 18, 2024
$892,100
Gorman Restaurant Grp Rlt
Magoni Ft
Quit Claim Arm's Length For Ne States
$952,500 · Centreville Bank
Jan 29, 2010
—
Magoni Ft
—
Deed Of Trust
related
$200,000 · Mechanics Capital Bank
Dec 31, 2009
$1
Magoni Ft
Magoni,esther
Grant Deed
—
Nov 7, 1990
—
Louis P Magoni
—
Deed Of Trust
related
$585,000 · Slades Ferry Trust Co
Dec 8, 1989
—
Louis P Magoni
—
Deed Of Trust
related
$531,500 · Slades Ferry 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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