Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    128 Pleasant Valley St Methuen, MA 01844

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contract
    $319,900

    0.32-acre commercial lot near The Loop shopping center.

    Property Features for 128 Pleasant Valley St

    General Information

    Standard status
    Contract

    We can help!

    Listing Contact
    William Letendre
    Source: Corcoran

    Listing Agency: LAER Realty Partners Listing Agent: William Letendre

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

    Learn more

    Overview

    Commercial Lot Near Shopping Center

    This 0.32-acre commercial lot is level and cleared, situated near The Loop shopping center with convenient access to Route 213 and I-495. The property is zoned BH (Business Highway), offering a range of permitted uses under city regulations. Permitted uses include a beauty salon, family day care home, animal clinic, or electric vehicle charging station. The parcel provides visibility and accessibility, making it suitable for business ventures. Buyers are encouraged to consult with local municipal authorities to verify zoning details and explore permitted uses and are responsible for conducting their own due diligence. The seller and seller's agent make no warranties or representations.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Methuen
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.1466832
    Latitude
    42.7445391

    Nearby Similar for Sale

    • $750,000
      2,466 SF

      Two-Unit Home with Inground Pool

      Two-unit home near Route 93 with pool and ample parking.
      296 Pelham St, Methuen, MA 01844
      View Details
    • $599,900

      Medical Office Condominium For Sale

      Well-designed medical office condominium with functional layout, ideal for healthcare.
      380 Merrimack St, Methuen, MA 01844
      View Details
    • Contact for pricing
      1,932 SF

      Medical Office Condo For Sale

      Medical office condo located on the Holy Family hospital campus.
      60 East St, Methuen, MA 01844
      View Details
    • Contact for pricing
      3,060 SF

      Freestanding Building with Drive-Thru

      Freestanding building with drive-thru on 0.52 acres.
      547 S Broadway, Methuen, MA 01844
      View Details
    • Contact for pricing

      Prime Commercial Property on Lowell

      Commercial property on Lowell Street with high visibility and traffic.
      127-129 Lowell St, Methuen, MA 01844
      View Details
    • Contact for pricing

      52,700 SF Flex Building

      52,700 SF flex building on 6.9 acres for sale.
      476 Broadway, Methuen, MA 01844
      View Details
    • Contact for pricing

      Established Auto Shop with Parking

      Well-maintained auto shop with parking and potential for expansion.
      8 Marshall St, Methuen, MA 01844
      View Details
    • Contact for pricing

      Established Auto Shop with Extra Lot

      Well-maintained auto shop with real estate and extra parking.
      8 Marshall St, Methuen, MA 01844
      View Details
    • Contact for pricing
      Pending

      Two-Family Home Near Route 110

      Two-unit property with updated kitchens/baths, garage, and ample parking.
      14-16 Cypress Ave, Methuen, MA 01844
      View Details
    • Contact for pricing
      Pending

      Three-Unit Property with Bonus Space

      Three-unit property with bonus space, backyard, and ample parking.
      64-66 Howe St, Methuen, MA 01844
      View Details
    • Contact for pricing
      Pending

      Renovated Multi-Unit Investment Opportunity

      Fully renovated 3-unit home with modern finishes and strong income potential.
      20-22 Ashland Ave, Methuen, MA 01844
      View Details

    FAQs

    What type of property is this?
    Commercial land - 0.32-acre commercial lot near The Loop shopping center.
    Where is this commercial land located?
    The property is located at 128 Pleasant Valley St Methuen, MA.
    What is the asking price?
    The asking price for this property is $319,900.
    What are key features of this property?
    This property features: - Prime commercial lot in a high-traffic location near The Loop shopping center.; - Business Highway (BH) zoning allows for a wide range of permitted uses.; - Convenient access to Route 213 and I-495.
    (978) 226-3421
    Request Owner's contact information
    128 Pleasant Valley St Methuen, MA 01844
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    128 Pleasant Valley St
    Methuen, MA 01844
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    128 Pleasant Valley St Methuen, MA 01844
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    William Letendre
    (978) 226-3421
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!