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Property profile & analytics
OFF-MARKET
Estimated value
$1,245,000
Investment properties
122-126 Emerson St, Melrose, MA 02176
Individually Owned
3-yr Hold
Property ID
US38-1467161
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1894
Construction
STEEL FRAME
Total area
10,092 SF
Lot
0.15 ac (6,639 SF)
Zoning code
BA2
APN
MELR M:0C8 P:0000015
UPID
US38-1467161
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
$1.32M
Blend (final)
Blend
$1.25M
Owner & transaction history
Wood Winds T Of Black Pt · 3 yrs held
Wood Winds T Of Black Pt
since 2023
7 recorded transactions
Zoning & alternative use
BA2 · Melrose, 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 Melrose submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Melrose 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.25M
Range $1.12M – $1.37M · ±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
$123 / 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
$1,182,000
Assessed 2024
Previous assessed
$1,182,000
+0.0% YoY
Assessed land
$453,600
Assessed improvement
$728,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1894
Construction
STEEL FRAME
Heating
HOT WATER
Buildings
1
Stories
3
Units
6
Rooms
20
Bathrooms
8
Total area
10,092 SF
Lot
0.15 ac (6,639 SF)
Zoning code
BA2
APN
MELR M:0C8 P:0000015
UPID
US38-1467161
Jurisdiction
MELROSE
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
BA2 · Melrose, MA
Zoning BA2 · permitted uses
BA2 · Melrose, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Melrose. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1894
Construction
STEEL FRAME
Heating
HOT WATER
Stories
3
Buildings
1
Units
6
Rooms
20
Bathrooms
8
Lot
0.15 ac
Current owner
From public records · entity-resolved
Wood Winds T Of Black Pt
Individual
Mailing address
104 BLACK PT RD, ALTON BAY, NH 03810-6096
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2023
—
Wood Winds T 2017
—
Deed
related
$75,000 · Savings Bank Trust
Jun 6, 2023
—
Wood Winds T Of Black Pt
Steven W Chandler
Quit Claim Deed
related
—
Aug 8, 2013
—
Steven Chandler
—
Deed Of Trust
related
$388,000 · Savings Bank
Dec 30, 2003
$1
Steven Chandler
Chandler,thelma C
Grant Deed
related
—
Oct 20, 1992
—
Thelma C Chandler
—
Deed Of Trust
related
$255,000 · Melrose Capital Bank
Jul 24, 1989
—
Clifton B Chandler
—
Deed Of Trust
related
$230,000 · Gary Needham
Oct 27, 1988
—
Thelma C Chandler
—
Deed Of Trust
related
$102,000 · 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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