Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    138 Spg St Everett, MA 02149-4505
    Back to Search
    Property profile & analytics

    138 Spg St, Everett, MA 02149-4505

    View on Map
    • Warehouses
    • 8,410 SF
    • 0.26 lot acres
    Off-Market
    Last Sale Sep 18, 2020
    $2,000,000
    Property ID
    US38-0255500
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $2,025,000
    Show details
    Cap Rate Potential
    5%
    Warehouses
    Location Intelligence

    Current Use by 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

    Property Details for 138 Spg St

    Year built
    2006
    Construction
    STEEL FRAME
    Lot size
    0.26 lot acres
    Zone code
    CTED
    Property type
    Warehouses
    APN
    EVER M:K0 B:06 L:000003
    APU
    EVERMK0B06L000003

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 5, 2026 — Spring Street Group LLP — Deed · related $1.6M · Eagle Bank
    Sep 18, 2020 $2,000,000 Spring Street Group LLC 138 Spring Street LLC Quit Claim Arm's Length For Ne States $1.5M · Hingham Institution For Savings
    Jun 27, 2013 — 138 Spring Street LLC — Grant Deed · related $600k · 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 $885k · Everett Coop Bank
    Jan 12, 2007 — RT Iron Design — Deed Of Trust · related $130k · Everett Coop Bank
    Jun 5, 2006 — RT Iron Design — Deed Of Trust · related $600k · Everett Coop Bank

    Value 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

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Everett
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.0525
    Latitude
    42.4001
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $32,887
    $535,200
    $835,100
    $1,370,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $665,000
      5,065 SF

      17 Bartlett St

      WAREHOUSE, STORAGE
      17 Bartlett St, Everett, MA 02149-3303
      View Details
    • Value Estimation
      $695,000
      4,658 SF

      212 Beacham St

      WAREHOUSE, STORAGE
      212 Beacham St, Everett, MA 02149-5505
      View Details
    • Value Estimation
      $4,965,000
      48,131 SF

      250 Beacham St

      WAREHOUSE, STORAGE
      250 Beacham St, Everett, MA 02149-5525
      View Details
    • Value Estimation
      $2,470,000
      22,600 SF

      8 Commercial St

      WAREHOUSE, STORAGE
      8 Commercial St, Everett, MA 02149-5507
      View Details
    • Value Estimation
      $1,690,000
      15,300 SF

      110 Tremont St

      WAREHOUSE, STORAGE
      110 Tremont St, Everett, MA 02149
      View Details
    • Value Estimation
      $10,355,000
      30,087 SF

      380 2nd St

      WAREHOUSE, STORAGE
      380 2nd St, Everett, MA 02149-4503
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      21,566 SF

      Everett Industrial/Warehouse Redevelopment Opportunity

      21,566 SF industrial/warehouse on 1.02 acres in Everett, MA.
      6 Norman St, Everett, MA 02149
      View Details
    • Contact for pricing

      Refrigerated Warehouse and Distribution Center

      39,584 SF refrigerated warehouse and distribution center for sale.
      155 Market St, Everett, MA 02149
      View Details
    • Contact for pricing
      20,970 SF

      Value-Add Real Estate Assemblage Opportunity

      Multi-parcel assemblage in Everett, MA, with redevelopment potential.
      1911-1919 Revere Beach Pkwy, Everett, MA 02149
      View Details
    • Contact for pricing

      Renovated Salon in Downtown Everett

      Established salon with high ceilings and strong service reputation.
      617 Broadway, Everett, MA 02149
      View Details
    • Contact for pricing

      Mixed-Use Property in Glendale

      Mixed-use property with commercial, residential, and retail spaces.
      826 Broadway, Everett, MA 02149
      View Details
    • Contact for pricing
      3,238 SF

      Mixed-Use Property in Glendale Neighborhood

      Mixed-use property with commercial and residential units in thriving Glendale.
      826 Broadway, Everett, MA 02149
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Warehouse Space For Rent

      1,400 SF warehouse space with utilities included.
      167 Bow St, Everett, MA 02149
      View Details
    • $2,000 /Mo
      1,400 SF

      Warehouse Space For Rent

      1,400 SF warehouse space with utilities included.
      167 Bow St, Everett, MA 02149
      View Details
    • Contact for pricing
      34,844 SF

      Industrial Space with Large Yard

      Industrial space available July 2025, featuring a large parking yard.
      44-48 Garden St, Everett, MA 02149
      View Details
    • Contact for pricing

      Everett Warehouse/Office Space Available

      7,354 SF warehouse/office space for lease in Everett.
      147 Broadway, Everett, MA 02149
      View Details
    • Contact for pricing
      8,500 SF

      Versatile Warehouse and Office Space

      Warehouse with office space, suitable for storage and distribution.
      4 Betty St, Everett, MA 02149
      View Details
    • Contact for pricing

      Last Mile Industrial Space

      Industrial space for lease with highway access and open layout.
      44-48 Garden St, Everett, MA 02149
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    138 Spg St
    Everett, MA 02149-4505
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    138 Spg St, Everett, MA, 02149
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!