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    1 Mill Rd Melrose, MA 02176

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    For Sale
    $349,900

    3.5 acre land parcel in private Melrose location.

    Property Features for 1 Mill Rd

    General Information

    Standard status
    Active
    Source: Corcoran

    Listing Agent: Kristin Weekley

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Melrose Land Parcel Opportunity

    This 3.5-acre parcel presents an opportunity for a new owner. The property is located in a private area of Melrose, offering a setting reminiscent of New Hampshire. The site could accommodate a single estate. Alternate uses may be possible, pending due diligence.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Melrose
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.0431175
    Latitude
    42.4510532

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    FAQs

    What type of property is this?
    Land - 3.5 acre land parcel in private Melrose location.
    Where is this land located?
    The property is located at 1 Mill Rd Melrose, MA.
    What is the asking price?
    The asking price for this property is $349,900.
    What are key features of this property?
    This property features: - 3.5-acre parcel of land presents an exceptional opportunity.; - Located in a private area.; - Potential for a single grand estate.
    Request Owner's contact information
    1 Mill Rd Melrose, MA 02176
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1 Mill Rd Melrose, MA 02176
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