Back to Search
Property profile & analytics
FOR LEASE
Retail properties & Spaces
87 Main St Rutland, MA 01543
Individually Owned
1-yr Hold
Free & Clear
Property ID
US38-0958380
For Lease
1 / 19
$1,600/Mo
87 Main St, Rutland, MA 01543
View Listing →
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1975
Total area
19,552 SF
Lot
1.04 ac (45,302 SF)
APN
RUTL M:59-A B:A L:20
UPID
US38-0958380
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
-
Rutland Hardware & Home Center Building Supply Industrial Manufacturer
-
Martelli Construction Co General Contractor Construction Company
-
Tresses Salon Hair Salon Nail Salon
-
Rutland Chiropractic Alternative Medicine Practice
-
Mend Chiropractic Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.45M
Comparable Approach
Comparable
$3.80M
Blend (final)
Blend
$3.58M
Owner & transaction history
David Szczurko · 1 yrs held
David Szczurko
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.7M
+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 Rutland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rutland 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%
$4,820,000
6.5%
$4,450,000
7%
$4,130,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,070,000
Current use
RESTAURANT
$3,685,000
Change: +20% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,000,000
Change: -2% · Conversion: Difficult
OFFICE BUILDING
$2,660,000
Change: -13% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,470,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$3.58M
Range $3.22M – $3.93M · ±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
$183 / 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
$40,842
Tax year 2024
Assessed value
$2,754,000
Assessed 2024
Previous assessed
$2,860,000
-3.7% YoY
Effective rate
1.48%
On assessed value
Assessed land
$121,900
Assessed improvement
$2,632,100
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 properties & Spaces
Use group
DEPARTMENT STORE
Status
For Lease
Year built
1975
Heating
HOT WATER
Cooling
YES
Buildings
3
Stories
2
Units
10
Total area
19,552 SF
Lot
1.04 ac (45,302 SF)
APN
RUTL M:59-A B:A L:20
UPID
US38-0958380
Jurisdiction
RUTLAND
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
$3.1M
RESTAURANT
Est. value
$3.7M
AUTO REPAIR, GARAGE
Est. value
$3.0M
OFFICE BUILDING
Est. value
$2.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.5M
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
1975
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
3
Units
10
Lot
1.04 ac
Current owner
From public records · entity-resolved
David Szczurko
Individual
Free & Clear · 1 yrs held
Mailing address
87 MAIN ST, RUTLAND, MA 01543-1327
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2024
—
David Szczurko
Blair Enterprises INC
Quitclaim Deed
related
—
Jul 13, 2023
—
Family Farms INC
—
Deed
related
$4,123,780 · Alliance Energy LLC
May 9, 2023
—
Rutland Plaza INC
—
Deed
related
$150,000 · Fidelity Cooperative Bank
Apr 15, 2021
—
Rutland Plz INC
—
Deed
related
$100,000 · Fidelity Cooperative Bank
Mar 27, 2009
—
Rutland Plaza INC
—
Deed Of Trust
related
$400,000 · Spencer Savings Bank Sla
Sep 26, 2005
—
Rutland Plz INC
—
Deed Of Trust
related
$375,000 · Peoples Bank Holyoke
Mar 23, 2004
—
Rutland Plz INC
—
Deed Of Trust
related
$1,000,000 · Peoples Bank Holyoke
—
—
Rutland Plaza INC
—
Deed Of Trust
related
$2,137,500 · Barre Svgs Bk
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
