Financial
Distress signals
Property profile

371 Franklin St 377 Melrose, MA 02176

OFF-MARKET
Retail space
Property ID
US38-1631696
2,288 SF 0.09 ac lot Built 1924
Last sale Nov 2025 · $875,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$11k
Tax billed · 2024
Assessed value$610k
Assessed land$348k
Assessed improvement$262k
Effective rate1.77%

Value estimate

· Sep 2026
$355k
$320k – $391k

Realmo valuation models over county records and 11 qualifying comparable sales.

Recently sold

What actually traded nearby?
$270/SF
County average, outlier-cleaned · 360 recorded sales of this use type
Observed band · Q1–Q3$140 – $417
Qualifying comparables11

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
BA2
JurisdictionMELROSE

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant15.4
Clothing Store14.8
Parking Facility14.8

Location

371 Franklin St, Unit 377 Melrose, MA 02176-1854
County assessor Recorded deeds · 1 transfer 11 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 11 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
689 Main, Melrose, MA 02176-2707 $1,300,000 Aug 2024 2,795 SF
681 Main, Melrose, MA 02176-2707 $1,300,000 Aug 2024 3,538 SF
475 Main, Melrose, MA 02176-3837 $280,000 Feb 2024 2,677 SF
12-16 Essex, Melrose, MA 02176 $2,100,000 Sep 2023 2,520 SF
108 Main, Melrose, MA 02176-6104 $1,578,505 Nov 2021 3,596 SF
667-669 Main, Melrose, MA 02176 $785,000 Jul 2021 2,928 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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