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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Investment properties
124 Main St Saugus, MA 01906-3338
Individually Owned
25-yr Hold
Property ID
US38-1185437
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1905
Construction
FRAME
Total area
3,798 SF
Lot
0.29 ac (12,571 SF)
Zoning code
NA
APN
SAUG M:008-D B:0006 L:0017
UPID
US38-1185437
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
-
Sachem Signworks Inc. (Bike/Boat/Book/etc) Store Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$657k
Blend (final)
Blend
$610k
Owner & transaction history
Corey S Berkowitch · 25 yrs held
Corey S Berkowitch
since 2001
6 recorded transactions
Zoning & alternative use
NA · Saugus, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$975,000
+41.2%
Auto repair, garage
$910,000
+31.6%
Retail stores
$845,000
+22.2%
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 Saugus submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saugus 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
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$690,000
Current use
OFFICE BUILDING
$975,000
Change: +41% · Conversion: Easy
AUTO REPAIR, GARAGE
$910,000
Change: +32% · Conversion: Difficult
RETAIL STORES
$845,000
Change: +22% · Conversion: Easy
Blend value · Realmo final
$610k
Range $549k – $671k · ±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
$161 / 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
$694,480
Assessed 2024
Previous assessed
$694,480
+0.0% YoY
Assessed land
$364,600
Assessed improvement
$329,880
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
Off-Market
Year built
1905
Construction
FRAME
Heating
HOT WATER
Buildings
2
Stories
2
Units
1
Rooms
7
Bathrooms
1
Total area
3,798 SF
Lot
0.29 ac (12,571 SF)
Zoning code
NA
APN
SAUG M:008-D B:0006 L:0017
UPID
US38-1185437
Jurisdiction
SAUGUS
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
NA · Saugus, MA
Zoning NA · permitted uses
NA · Saugus, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Saugus. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$690,000
OFFICE BUILDING
Est. value
$975,000
AUTO REPAIR, GARAGE
Est. value
$910,000
RETAIL STORES
Est. value
$845,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1905
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
2
Units
1
Rooms
7
Bathrooms
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Corey S Berkowitch
Individual
Mailing address
124 MAIN ST, SAUGUS, MA 01906-3338
Ownership since
2001
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 10, 2003
—
Corey S Berkowitch
—
Deed Of Trust
related
$215,000 · Saugus Federal Cu
May 1, 2001
$289,000
Corey S Berkowitch
Yee,warren
Grant Deed
$194,000 · Saugus Cu
Dec 12, 1997
$244,000
Warren Yee
Collura,peter C
Grant Deed
—
Jan 16, 1990
—
Peter Collura
—
Deed Of Trust
related
$67,000 · Delta Mortgage Corp
Jul 27, 1988
—
Peter C Collura
—
Deed Of Trust
related
$45,000 · Shore Bk & Tr Co
Jul 14, 1987
—
Peter C Collura
—
Deed Of Trust
related
$20,785 · Chrysler 1st Estn Fin
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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