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Property profile & analytics
FOR LEASE
Investment properties
102 Mill Rd Everett, MA 02149
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US38-1323143
For Lease
1 / 4
Contact for pricing
102 Mill Rd, Everett, MA 02149
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1970
Construction
STEEL FRAME
Total area
362,358 SF
Lot
3.44 ac (149,934 SF)
Zoning code
CTED
APN
EVER M:K0 B:04 L:000045
UPID
US38-1323143
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$50.97M
Owner & transaction history
Ci Gs Elan Nominee LLC · 5 yrs held
Ci Gs Elan Nominee LLC
since 2021
Last sale
$50.6M
5 recorded transactions
Zoning & alternative use
CTED · Everett, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$83.5M
+10.8%
Office building
$79.3M
+5.3%
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 Everett submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Everett 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
$51,645,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$75,330,000
Current use
APARTMENT HOUSE (5+ UNITS)
$83,490,000
Change: +11% · Conversion: Moderate
OFFICE BUILDING
$79,310,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$50.97M
Range $45.87M – $56.06M · ±10% · vs last sale $50.62M (Jun 9 2021)
Last sale anchor
$50.62M
Jun 9 2021
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
$141 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$226,176
Tax year 2023
Assessed value
$32,373,100
Assessed 2024
Previous assessed
$32,373,100
+0.0% YoY
Effective rate
0.70%
On assessed value
Assessed land
$26,688,000
Assessed improvement
$5,685,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
For Lease
Year built
1970
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
6
Units
384
Bathrooms
6
Total area
362,358 SF
Lot
3.44 ac (149,934 SF)
Zoning code
CTED
APN
EVER M:K0 B:04 L:000045
UPID
US38-1323143
Jurisdiction
EVERETT
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
CTED · Everett, MA
Zoning CTED · permitted uses
CTED · Everett, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Everett. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$75.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$83.5M
OFFICE BUILDING
Est. value
$79.3M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
1970
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
6
Buildings
1
Units
384
Bathrooms
6
Lot
3.44 ac
Current owner
From public records · entity-resolved
Ci Gs Elan Nominee LLC
Entity
Mailing address
1 FEDERAL ST STE #1803, BOSTON, MA 02110-2075
Ownership since
2021
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
Nov 10, 2022
—
Ci Gs Elan Everett Phase
—
Deed
related
$116,833,180 · Manufacturers & Traders Trust Co
Jun 9, 2021
$50,624,990
Ci Gs Elan Nominee LLC
111 Boston Street LLC
Quit Claim Arm's Length For Ne States
$88,000,000 · United Overseas Bk Lt
Jun 9, 2021
—
Ci Gs Elan Nominee LLC
111 Boston Street LLC
Other
—
Jun 1, 2009
—
111 Boston Street LLC
—
Grant Deed
related
$5,000,000 · River Bank
Apr 1, 2003
—
111 Boston St. RT
—
Deed Of Trust
related
$1,030,000 · Sovereign Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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