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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Commercial land
124 Centennial Ave, Revere, MA 02151-3253
Entity Owned
3-yr Hold
Free & Clear
Property ID
US38-0011709
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1960
Construction
CONCRETE
Total area
3,248 SF
Lot
0.11 ac (4,879 SF)
Zoning code
GB
APN
REVE M:8 B:138 L:6
UPID
US38-0011709
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
$750k
CAP Approach
CAP
$700k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$750k
Owner & transaction history
District Shirley LLC · 3 yrs held
District Shirley LLC
since 2023
Last sale
$750,000
7 recorded transactions
Zoning & alternative use
GB · Revere, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.2M
+32.1%
Neighborhood: shopping center
$1.1M
+17.2%
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 Revere submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Revere 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
$785,000
ML approach
$750,000
CAP Approach
CAP Return
Estimation
6%
$755,000
6.5%
$700,000
7%
$650,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$935,000
Current use
RETAIL STORES
$1,235,000
Change: +32% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,100,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$750k
Range $675k – $825k · ±10% · vs last sale $750k (Mar 23 2023)
Last sale anchor
$750k
Mar 23 2023
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
$231 / 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
$4,708
Tax year 2024
Assessed value
$260,100
Assessed 2024
Previous assessed
$471,900
-44.9% YoY
Effective rate
1.81%
On assessed value
Assessed land
$235,000
Assessed improvement
$25,100
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1960
Construction
CONCRETE
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
5
Total area
3,248 SF
Lot
0.11 ac (4,879 SF)
Zoning code
GB
APN
REVE M:8 B:138 L:6
UPID
US38-0011709
Jurisdiction
REVERE
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
GB · Revere, MA
Zoning GB · permitted uses
GB · Revere, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Revere. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$935,000
RETAIL STORES
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
COMMERCIAL (GENERAL) Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1960
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
5
Lot
0.11 ac
Current owner
From public records · entity-resolved
District Shirley LLC
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 365, REVERE, MA 02151-0009
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2023
—
District Shirley LLC
Sandler Square LLC
Quit Claim Deed
related
—
Nov 18, 2022
$750,000
Centennial LLC
Cinco De Mayo 2 INC
Quit Claim Arm's Length For Ne States
$700,000 · Pom Pom LLC
Aug 31, 2007
—
Cinco De Mayo INC
—
Deed Of Trust
related
$1,750,000 · East Boston Savings Bank
Feb 2, 2006
$480,000
Cinco De Mayo INC
Demartino,linda
Grant Deed
$240,000 · Zenon Grzybowski
Mar 19, 2004
—
Linda Dimartino
—
Deed Of Trust
related
$170,000 · Mortgage Int
Jul 29, 2003
$200,000
Linda Dimartino
Centennial RT
Grant Deed
$140,000 · Zenon Grzybowski
Jun 24, 2002
—
Richard D Zelandi
—
Deed Of Trust
related
$20,000 · James Pelser
Oct 5, 2001
—
Centennial RT
—
Deed Of Trust
related
$150,000 · Ferdinand Decesare
Dec 22, 2000
—
Centenial RT
—
Deed Of Trust
related
$75,000 · Carpenter Trust
Nov 23, 1999
—
Centennial RT
—
Deed Of Trust
related
$15,000 · Anthony F Decesare
Sep 16, 1994
—
Centenial RT
—
Deed Of Trust
related
$15,000 · Martin Mcdonough Etal
Feb 11, 1994
—
Centennial RT
—
Deed Of Trust
related
$25,000 · Martin J Mcdonough
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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