Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Commercial real estate
994 Northfield Rd Lunenburg, MA 01462-1043
Entity Owned
6-yr Hold
Property ID
US38-0944183
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1960
Construction
STONE
Total area
4,685 SF
Lot
209.74 ac (9,136,274 SF)
Zoning code
RA
APN
LUNE M:037.0 B:0013 L:0000.0
UPID
US38-0944183
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
-
Settlers Crossing Golf Course Golf Course
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$440k
CAP Approach
CAP
$650k
Comparable Approach
Comparable
$802k
Blend (final)
Blend
$730k
Owner & transaction history
994 Northfield Road LLC · 6 yrs held
994 Northfield Road LLC
since 2020
4 recorded transactions
Zoning & alternative use
RA · Lunenburg, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$735,000
+42.6%
Auto repair, garage
$720,000
+39.4%
Office building
$635,000
+23.6%
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 Lunenburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lunenburg 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
$440,000
CAP Approach
CAP Return
Estimation
6%
$705,000
6.5%
$650,000
7%
$605,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$515,000
Current use
RETAIL STORES
$735,000
Change: +43% · Conversion: Easy
AUTO REPAIR, GARAGE
$720,000
Change: +39% · Conversion: Difficult
OFFICE BUILDING
$635,000
Change: +24% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$590,000
Change: +15% · Conversion: Difficult
WAREHOUSE, STORAGE
$470,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$730k
Range $657k – $803k · ±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
$156 / 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
$26,666
Tax year 2024
Assessed value
$1,891,200
Assessed 2024
Previous assessed
$1,837,680
+2.9% YoY
Effective rate
1.41%
On assessed value
Assessed land
$1,350,100
Assessed improvement
$541,100
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1960
Construction
STONE
Heating
FORCED AIR
Buildings
2
Stories
1
Units
2
Rooms
10
Bathrooms
4
Total area
4,685 SF
Lot
209.74 ac (9,136,274 SF)
Zoning code
RA
APN
LUNE M:037.0 B:0013 L:0000.0
UPID
US38-0944183
Jurisdiction
LUNENBURG
Zoning & alternative use
RA · Lunenburg, MA
Zoning RA · permitted uses
RA · Lunenburg, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lunenburg. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$515,000
RETAIL STORES
Est. value
$735,000
AUTO REPAIR, GARAGE
Est. value
$720,000
OFFICE BUILDING
Est. value
$635,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$590,000
WAREHOUSE, STORAGE
Est. value
$470,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
1960
Construction
STONE
Heating
FORCED AIR
Stories
1
Buildings
2
Units
2
Rooms
10
Bathrooms
4
Lot
209.74 ac
Current owner
From public records · entity-resolved
994 Northfield Road LLC
Entity
Mailing address
19 BURKE ST, LUNENBURG, MA 01462-2413
Ownership since
2020
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
Jun 17, 2020
—
994 Northfield Road LLC
John E Saliba
Quitclaim Deed
related
—
Jun 16, 2020
—
John E Saliba
994 Northfield Road LLC
Quitclaim Deed
related
—
Nov 20, 2012
$1,245,000
994 Northfield Road LLC
Jb&mb Realty LLC
Grant Deed
$840,000 · Avidia Bank
Nov 20, 2012
—
994 Northfield Road LLC
—
Deed Of Trust
related
$360,000 · Avidia 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.
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?”
You own 994 Northfield Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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.
