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Property profile & analytics
OFF-MARKET
Estimated value
$865,000
Warehouses
101 Lindberg Ave, Methuen, MA 01844-2466
Entity Owned
5-yr Hold
Free & Clear
Property ID
US38-1559526
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2009
Construction
STEEL FRAME
Total area
5,892 SF
Lot
1.14 ac (49,658 SF)
Zoning code
IL
APN
METH M:00514 B:00146 L:00032A
UPID
US38-1559526
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
-
NEDP, LLC Construction Company
-
J J Recycling Inc Recycling Center Waste Management Facility
-
E J Paving General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.17M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$865k
Owner & transaction history
91 Lindberg Ave LLC · 5 yrs held
91 Lindberg Ave LLC
since 2020
5 recorded transactions
Zoning & alternative use
IL · Methuen, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.4M
+70.4%
Retail stores
$1.3M
+58.2%
Commercial (general)
$1.1M
+30.4%
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 Methuen submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Methuen 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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,270,000
6.5%
$1,170,000
7%
$1,085,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$830,000
Current use
AUTO REPAIR, GARAGE
$1,410,000
Change: +70% · Conversion: Easy
RETAIL STORES
$1,310,000
Change: +58% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,080,000
Change: +30% · Conversion: Difficult
OFFICE BUILDING
$1,000,000
Change: +20% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$965,000
Change: +16% · Conversion: Easy
Blend value · Realmo final
$865k
Range $779k – $952k · ±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
$147 / 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
$23,715
Tax year 2024
Assessed value
$1,129,300
Assessed 2024
Previous assessed
$1,066,300
+5.9% YoY
Effective rate
2.10%
On assessed value
Assessed land
$345,900
Assessed improvement
$783,400
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2009
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
2
Bathrooms
5
Total area
5,892 SF
Lot
1.14 ac (49,658 SF)
Zoning code
IL
APN
METH M:00514 B:00146 L:00032A
UPID
US38-1559526
Jurisdiction
METHUEN
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
IL · Methuen, MA
Zoning IL · permitted uses
IL · Methuen, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Methuen. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$830,000
AUTO REPAIR, GARAGE
Est. value
$1.4M
RETAIL STORES
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.0M
INDUSTRIAL (GENERAL)
Est. value
$965,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
2009
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
2
Bathrooms
5
Lot
1.14 ac
Current owner
From public records · entity-resolved
91 Lindberg Ave LLC
Entity
Free & Clear · 5 yrs held
Mailing address
101 LINDBERG AVE, METHUEN, MA 01844-2466
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2020
—
91 Lindberg Ave LLC
101 Lindberg Ave LLC
Quitclaim Deed
related
—
Oct 10, 2019
—
101 Lindberg Ave LLC
268 Broadway
Quit Claim Deed
related
—
Sep 30, 2019
$300,000
101 Lindberg Ave LLC
Lindbergh Ave
Quitclaim Deed
$275,000 · Lindbergh Ave Rlty
Mar 31, 2010
—
Evangelista,thomas Tr
—
Deed Of Trust
related
$450,000 · Northmark Bank
Nov 23, 2004
$500,000
Evangelista,thomas Tr
Ramey,fred F
Grant Deed
$400,000 · Stella M Ramey
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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