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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Retail space
7 Pleasant St 13 Gardner, MA 01440-2608
Trust Owned
7-yr Hold
Free & Clear
Property ID
US38-1028217
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,429 SF
Lot
0.14 ac (6,132 SF)
APN
GARD M:M22 B:5 L:21
UPID
US38-1028217
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
-
Taco Rey Coliman Restaurant
-
Grinder Gourmet Corporate Office Business Park
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$700k
Blend (final)
Blend
$655k
Owner & transaction history
Panagiotidis Lt Trust · 7 yrs held
Panagiotidis Lt Trust
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.0M
+20.2%
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 Gardner submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gardner 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$850,000
Current use
RESTAURANT
$1,025,000
Change: +20% · Conversion: Easy
AUTO REPAIR, GARAGE
$835,000
Change: -2% · Conversion: Difficult
OFFICE BUILDING
$740,000
Change: -13% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$685,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$655k
Range $590k – $721k · ±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
$121 / 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
$4,927
Tax year 2024
Assessed value
$328,700
Assessed 2024
Previous assessed
$328,700
+0.0% YoY
Effective rate
1.50%
On assessed value
Assessed land
$84,500
Assessed improvement
$244,200
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
1
Stories
1
Units
4
Bathrooms
2
Total area
5,429 SF
Lot
0.14 ac (6,132 SF)
APN
GARD M:M22 B:5 L:21
UPID
US38-1028217
Jurisdiction
GARDNER
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
$850,000
RESTAURANT
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$835,000
OFFICE BUILDING
Est. value
$740,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$685,000
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Buildings
1
Units
4
Bathrooms
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Panagiotidis Lt Trust
Trust
Free & Clear · 7 yrs held
Mailing address
1 MONTICELLO DR, PAXTON, MA 01612-1413
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2019
—
Panagiotidis Lt Trust
Panagiotidis,peter & Litsa
Quit Claim Deed
related
—
Aug 18, 1995
—
Peter Panagiotidis
—
Deed Of Trust
related
$15,000 · Gardner Community Dev
Jul 28, 1995
—
Peter Panagiotidis
—
Deed Of Trust
related
$50,000 · Financial Enterprise Corp
Mar 20, 1995
—
Peter Panagiotidis
—
Deed Of Trust
related
$2,000 · Gardner Community Dev
Apr 29, 1994
—
Peter Panagiotidis
—
Deed Of Trust
related
$50,000 · Susan Panagiotidis
Mar 28, 1994
$125,000
Peter Panagiotidis
Panagiotidis,susan
Grant Deed
related
—
Mar 8, 1994
$125,000
Susan Panagiotidis
Ricker,richard
Grant Deed
—
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.
Try Rey
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