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Property profile & analytics
OFF-MARKET
Estimated value
$3,675,000
Office buildings
137 Main St, Medford, MA 02155-4522
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-1519585
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2013
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
20,424 SF
Lot
0.46 ac (19,836 SF)
APN
MEDF M:O-08 B:0031
UPID
US38-1519585
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
-
Leanne M. Lee, MD Pediatrician Physician
-
Sarah Morrison MD Pediatrician Physician
-
Rebecca Tharaud, MD Pediatrician Physician
-
Elinor Milder, MD Pediatrician Physician
-
Little Sprouts Early Education & Child Care in Medford Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.61M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.68M
Owner & transaction history
Fof Pawtucket LLC · 4 yrs held
Fof Pawtucket LLC
since 2021
Last sale
$3.8M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.9M
+28.7%
Auto repair, garage
$5.8M
+24.8%
Neighborhood: shopping center
$5.7M
+22.9%
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 Medford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Medford 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
$3,490,000
ML approach
$3,605,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,605,000
Current use
RESTAURANT
$5,930,000
Change: +29% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,750,000
Change: +25% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,660,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$5,505,000
Change: +20% · Conversion: Moderate
COMMERCIAL (GENERAL)
$5,050,000
Change: +10% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$4,705,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$3.68M
Range $3.31M – $4.04M · ±10% · vs last sale $3.80M (Dec 30 2021)
Last sale anchor
$3.80M
Dec 30 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
$180 / 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
$60,576
Tax year 2024
Assessed value
$3,691,400
Assessed 2024
Previous assessed
$3,525,500
+4.7% YoY
Effective rate
1.64%
On assessed value
Assessed land
$869,000
Assessed improvement
$2,822,400
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2013
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
1
Bathrooms
2
Total area
20,424 SF
Lot
0.46 ac (19,836 SF)
APN
MEDF M:O-08 B:0031
UPID
US38-1519585
Jurisdiction
MEDFORD
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.6M
RESTAURANT
Est. value
$5.9M
AUTO REPAIR, GARAGE
Est. value
$5.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.7M
RETAIL STORES
Est. value
$5.5M
COMMERCIAL (GENERAL)
Est. value
$5.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.7M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
2013
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
1
Bathrooms
2
Lot
0.46 ac
Current owner
From public records · entity-resolved
Fof Pawtucket LLC
Entity
Mailing address
378 BROADWAY, CHELSEA, MA 02150-2871
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2021
—
Fof Pawtucket LLC
Otm LLC
Quit Claim Deed
related
$8,750,000 · Sabal Capital 2 LLC
Jun 3, 2019
—
Otm LLC
—
Deed
related
$3,000,000 · Institution For Savings Newburyport
Jan 7, 2016
$3,800,000
Otm LLC
137 Main Street RT LLC
Quit Claim Arm's Length For Ne States
$2,000,000 · Inst Svgs Newburyport
Jan 3, 2013
$1
137 Main Street RT LLC
Meguerditchian,richard
Grant Deed
related
—
Dec 27, 2012
$1
137 Main Street RT LLC
Meguerditchian,richard
Grant Deed
related
—
Jun 29, 1998
$1,950,000
Richard Meguerditchian
127-137 Main St RT
Grant Deed
—
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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