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Property profile & analytics
OFF-MARKET
Estimated value
$8,445,000
Investment properties
157 Pleasant St, Malden, MA 02148-4821
Individually Owned
34-yr Hold
Property ID
US38-2387061
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1910
Construction
STEEL FRAME
Total area
64,226 SF
Lot
1.07 ac (46,605 SF)
Zoning code
CB
APN
MALD M:051 B:252 L:214
UPID
US38-2387061
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
-
Swan Spa Alternative Medicine Practice Spa & Massage Center
-
Office of Congresswoman Katherine Clark Federal Government Office
-
Triangle, Inc. Workforce Development Charitable Organization Social Service Agency
-
Zipcar Freight Service Logistics Company
-
Massachusetts Rehabilitation Commission Rehabilitation Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.45M
Owner & transaction history
157 Pleasant RT · 34 yrs held
157 Pleasant RT
since 1991
6 recorded transactions
Zoning & alternative use
CB · Malden, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Malden submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Malden 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
OFFICE BUILDING
$14,055,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$8.45M
Range $7.60M – $9.29M · ±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
$131 / 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
$10,991,500
Assessed 2024
Previous assessed
$10,991,500
+0.0% YoY
Assessed land
$3,648,000
Assessed improvement
$7,343,500
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1910
Construction
STEEL FRAME
Heating
HOT WATER
Buildings
1
Stories
6
Units
47
Rooms
173
Bathrooms
58
Total area
64,226 SF
Lot
1.07 ac (46,605 SF)
Zoning code
CB
APN
MALD M:051 B:252 L:214
UPID
US38-2387061
Jurisdiction
MALDEN
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
CB · Malden, MA
Zoning CB · permitted uses
CB · Malden, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Malden. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$14.1M
OFFICE BUILDING
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
1910
Construction
STEEL FRAME
Heating
HOT WATER
Stories
6
Buildings
1
Units
47
Rooms
173
Bathrooms
58
Lot
1.07 ac
Current owner
From public records · entity-resolved
157 Pleasant RT
Individual
Mailing address
PO BOX 148, SOMERVILLE, MA 02143-0003
Ownership since
1991
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
Jul 30, 2012
—
157 Pleasant RT
—
Deed Of Trust
related
$6,250,000 · Worth Funding INC
Aug 31, 1998
—
157 Pleasant RT
—
Deed Of Trust
related
$1,700,000 · Belgravia Cap Corp
Dec 13, 1991
$2,150,000
157 Pleasant RT
Pleasant Regency T
Grant Deed
related
$1,700,000 · Sterling Bank
Dec 13, 1991
—
157 Pleasant RT
—
Deed Of Trust
related
$1,700,000 · Sterling Bank
Dec 31, 1987
—
Pleasant Regency Trust
—
Deed Of Trust
related
$4,800,000 · Guaranty First Tr Co
May 13, 1987
—
Pleasant Regency Trust
—
Deed Of Trust
related
$3,500,000 · Guaranty First Tr Co
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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