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Property profile & analytics
OFF-MARKET
Estimated value
$2,025,000
Warehouses
138 Spg St Everett, MA 02149-4505
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US38-0255500
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2006
Construction
STEEL FRAME
Total area
8,410 SF
Lot
0.26 ac (11,509 SF)
Zoning code
CTED
APN
EVER M:K0 B:06 L:000003
UPID
US38-0255500
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
-
Boston Luxor Limousine Limousine Service Transportation Service
-
PPT Hospitality LLC Department Store
-
Hemp Temple Logo Department Store
-
Summit Management Group Inc Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.28M
CAP Approach
CAP
$1.67M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.03M
Owner & transaction history
Spring Street Group LLC · 5 yrs held
Spring Street Group LLC
since 2020
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
CTED · Everett, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.4M
+99.6%
Auto repair, garage
$2.4M
+93.5%
Neighborhood: shopping center
$2.3M
+90.5%
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
$2,170,000
ML approach
$2,280,000
CAP Approach
CAP Return
Estimation
6%
$1,810,000
6.5%
$1,670,000
7%
$1,550,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,225,000
Current use
RESTAURANT
$2,440,000
Change: +100% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,365,000
Change: +94% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,330,000
Change: +90% · Conversion: Moderate
RETAIL STORES
$2,265,000
Change: +85% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,940,000
Change: +58% · Conversion: Difficult
OFFICE BUILDING
$1,840,000
Change: +50% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,750,000
Change: +43% · Conversion: Difficult
Blend value · Realmo final
$2.03M
Range $1.82M – $2.23M · ±10% · vs last sale $2.00M (Sep 18 2020)
Last sale anchor
$2.00M
Sep 18 2020
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
$241 / 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
$32,887
Tax year 2024
Assessed value
$1,370,300
Assessed 2024
Previous assessed
$1,370,300
+0.0% YoY
Effective rate
2.40%
On assessed value
Assessed land
$535,200
Assessed improvement
$835,100
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2006
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
2
Bathrooms
3
Total area
8,410 SF
Lot
0.26 ac (11,509 SF)
Zoning code
CTED
APN
EVER M:K0 B:06 L:000003
UPID
US38-0255500
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
WAREHOUSE, STORAGE Current
Est. value
$1.2M
RESTAURANT
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.3M
RETAIL STORES
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.8M
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2006
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
2
Bathrooms
3
Lot
0.26 ac
Current owner
From public records · entity-resolved
Spring Street Group LLC
Entity
Mailing address
142 CAMBRIDGE ST, CHARLESTOWN, MA 02129-1226
Ownership since
2020
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
Feb 5, 2026
—
Spring Street Group LLP
—
Deed
related
$1,640,000 · Eagle Bank
Sep 18, 2020
$2,000,000
Spring Street Group LLC
138 Spring Street LLC
Quit Claim Arm's Length For Ne States
$1,500,000 · Hingham Institution For Savings
Jun 27, 2013
—
138 Spring Street LLC
—
Grant Deed
related
$600,000 · First Commons Bank
May 23, 2012
$925,000
138 Spring Street LLC
Iron Design RT
Grant Deed
—
Apr 24, 2008
—
RT Iron Design
—
Deed Of Trust
related
$885,000 · Everett Coop Bank
Jan 12, 2007
—
RT Iron Design
—
Deed Of Trust
related
$130,000 · Everett Coop Bank
Jun 5, 2006
—
RT Iron Design
—
Deed Of Trust
related
$600,000 · Everett Coop 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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