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Property profile & analytics
OFF-MARKET
Estimated value
$1,565,000
Motels
159 Pelham St Methuen, MA 01844-1567
Individually Owned
18-yr Hold
~
Est. High Equity
Property ID
US38-1043703
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1965
Construction
STEEL FRAME
Total area
81,687 SF
Lot
5.93 ac (258,311 SF)
Zoning code
BH
APN
METH M:00512 B:00124 L:00035
UPID
US38-1043703
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
-
Rae Rocks Bar & Grill Bar & Pub Restaurant
-
Budget Car Rental Car Rental Facility
-
Avis Car Rental Car Rental Facility
-
Budget Truck Rental Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.11M
Blend (final)
Blend
$1.57M
Owner & transaction history
Methuen Hospitality Ll · 18 yrs held
Methuen Hospitality Ll
since 2008
5 recorded transactions
Zoning & alternative use
BH · Methuen, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
B. Applicability. An application for a Billboard Special Permit shall be allowed in the BH and IL Zoning districts. C. Applications. Billboards require a special permit, as set forth in this Section XI. The special permit granting authority shall be the Board of Appeals. Prior to the grant of any special permit, the Department of Economic and Community Devel…
Zone name
Highway Business District
General category
COMMERCIAL
Zone area
706.99 ac
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 Methuen submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Methuen 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
$1,025,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.57M
Range $1.41M – $1.72M · ±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
$19 / 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
$118,043
Tax year 2024
Assessed value
$5,621,100
Assessed 2024
Previous assessed
$5,323,900
+5.6% YoY
Effective rate
2.10%
On assessed value
Assessed land
$2,683,500
Assessed improvement
$2,937,600
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1965
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
117
Rooms
11
Bathrooms
127
Total area
81,687 SF
Lot
5.93 ac (258,311 SF)
Zoning code
BH
APN
METH M:00512 B:00124 L:00035
UPID
US38-1043703
Jurisdiction
METHUEN
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
BH · Methuen, MAZoning BH · permitted uses
BH · Methuen, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
B. Applicability. An application for a Billboard Special Permit shall be allowed in the BH and IL Zoning districts. C. Applications. Billboards require a special permit, as set forth in this Section XI. The special permit granting authority shall be the Board of Appeals. Prior to the grant of any special permit, the Department of Economic and Community Development shall provide a written recommendation to the Board. Applications for Billboard Special Permits shall be completed and filed in accordance with the Rules and Regulations of the SPGA. In addition to the general requirements of
Zone name
Highway Business District
General category
COMMERCIAL
Zone area
706.99 ac
Building & site characteristics
From public records
Year built
1965
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
117
Rooms
11
Bathrooms
127
Lot
5.93 ac
Current owner
From public records · entity-resolved
Methuen Hospitality Ll
Individual
Mailing address
440 BEDFORD ST, LEXINGTON, MA 02420-1547
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2008
$5,000,000
Methuen Hospitality Ll
J Mac Inv LLC
Deed
$5,000,000 · Bank Of New England
Sep 29, 2000
—
J-mac Investment LLC
—
Deed Of Trust
related
$4,500,000 · Enterprise Bank & Trust
Jul 30, 1998
—
J Mac Investment Trust
—
Deed Of Trust
related
$2,000,000 · Enterprise Bank & Trust
Aug 6, 1990
—
J Mac Realty
—
Deed Of Trust
related
$1,800,000 · Lawrence Savings Bank
Nov 9, 1988
—
J Mac Rlty
—
Deed Of Trust
related
$1,200,000 · Zwi Kohorn
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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