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Property profile & analytics
OFF-MARKET
Estimated value
$8,495,000
Investment properties
10 Florence St, Malden, MA 02148-3907
Individually Owned
9-yr Hold
Property ID
US38-2398177
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2005
Construction
STEEL FRAME
Total area
64,991 SF
Lot
0.56 ac (24,211 SF)
Zoning code
CB
APN
MALD M:051 B:253 L:327
UPID
US38-2398177
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
-
Central Place Apartments, LLC Apartment Building
-
Ten Florence at Central Place Apartment Building
-
Siying Bai apartment Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.50M
Owner & transaction history
Central Place Apartmen · 9 yrs held
Central Place Apartmen
since 2016
6 recorded transactions
Zoning & alternative use
CB · Malden, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Malden submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Malden 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$131 / 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
Assessed value
$21,972,700
Assessed 2024
Previous assessed
$21,972,700
+0.0% YoY
Assessed land
$6,863,400
Assessed improvement
$15,109,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2005
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
YES
Buildings
2
Stories
6
Units
82
Rooms
220
Bathrooms
93
Total area
64,991 SF
Lot
0.56 ac (24,211 SF)
Zoning code
CB
APN
MALD M:051 B:253 L:327
UPID
US38-2398177
Jurisdiction
MALDEN
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
CB · Malden, MA
Zoning CB · permitted uses
CB · Malden, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Malden. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2005
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
6
Buildings
2
Units
82
Rooms
220
Bathrooms
93
Lot
0.56 ac
Current owner
From public records · entity-resolved
Central Place Apartmen
Individual
Mailing address
PO BOX 836, WINCHESTER, MA 01890-8036
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2026
—
Central Pl Apartments LLC
—
Deed
related
$1,500,000 · Rockland Trust Co
Dec 14, 2020
—
Central Pl Apartments LLC
—
Deed
related
$17,150,000 · East Boston Savings Bank
Sep 29, 2017
—
Central Place Apartmen
—
Deed
related
$6,207,000 · East Boston Savings Bank
Oct 12, 2016
—
Central Place Apartmen
Dosi Dough RT
Quit Claim Deed
related
$10,400,000 · East Boston Savings Bank
Apr 8, 2008
—
Dosi Dough RT
—
Deed Of Trust
related
$710,332 · Banknorth NA
May 10, 1995
$555,000
Dosi Dough RT
Marbar Rlty
Grant Deed
$444,000 · Gary Needham
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.
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