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Property profile & analytics
OFF-MARKET
Estimated value
$1,055,000
Retail space
163 Howe St Methuen, MA 01844-2128
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US38-1823436
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1965
Construction
FRAME
Total area
6,039 SF
Lot
1.45 ac (63,162 SF)
Zoning code
RA
APN
METH M:00810 B:00077 L:00078A
UPID
US38-1823436
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
-
Dunkin' Cafe & Coffee Shop
-
Tripoli Pizza & Bakery - Methuen Bakery Specialty Food Shop
-
Boston Structured Cabling Consultant
-
USPS Post Office
-
Cardtronics ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.41M
Blend (final)
Blend
$1.06M
Owner & transaction history
163 Howe St Re LLC · 7 yrs held
163 Howe St Re LLC
since 2019
7 recorded transactions
Zoning & alternative use
RA · Methuen, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.4M
+7.7%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,345,000
Current use
AUTO REPAIR, GARAGE
$1,445,000
Change: +8% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,110,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$1.06M
Range $950k – $1.16M · ±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
$175 / 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
$18,640
Tax year 2024
Assessed value
$887,600
Assessed 2024
Previous assessed
$844,800
+5.1% YoY
Effective rate
2.10%
On assessed value
Assessed land
$366,500
Assessed improvement
$521,100
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1965
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
6,039 SF
Lot
1.45 ac (63,162 SF)
Zoning code
RA
APN
METH M:00810 B:00077 L:00078A
UPID
US38-1823436
Jurisdiction
METHUEN
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
RA · Methuen, MA
Zoning RA · permitted uses
RA · Methuen, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Methuen. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.1M
RETAIL STORES Current
AUTO REPAIR, GARAGE
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
1965
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
1.45 ac
Current owner
From public records · entity-resolved
163 Howe St Re LLC
Entity
Mailing address
29 ANDOVER COUNTRY CLB LN, ANDOVER, MA 01810-2871
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 14, 2019
—
63 Howe St Re LLC
—
Deed
related
$100,000 · Miscellaneous Fin & Mtg Co
Mar 1, 2019
$2,278,792
163 Howe St Re LLC
Gary T Hammond
Quit Claim Arm's Length For Ne States
$2,300,000 · Salem Five Cents Savings Bank
Jan 18, 2018
—
163 Howe St LLC
—
Deed
related
$721,000 · Liftforward INC
Jan 8, 2018
—
Gary T Hammond
—
Deed
related
—
Feb 13, 2013
—
Gary T Hammond
—
Deed Of Trust
related
$1,200,000 · Enterprise Bank & Trust
Sep 30, 2009
—
Gary T Hammond
—
Deed Of Trust
related
$750,000 · River Bank
Oct 31, 2007
$1
Gary T Hammond
Hammond,kathleen M
Grant Deed
related
—
May 24, 2002
—
Gary T Hammond
—
Deed Of Trust
related
$800,000 · First Essex Bank
Jan 10, 1995
—
Gary T Hammond
—
Deed Of Trust
related
$625,000 · Family Mutual Savings Bank
Mar 19, 1993
—
Gary T Hammond
—
Deed Of Trust
related
$200,000 · Shawmut Bank Of Boston
Jul 1, 1991
—
Howe Street Superette
—
Deed Of Trust
related
$80,000 · Shawmut Bank Of Boston
Oct 2, 1990
$250,000
Gary T Hammond
Howe St Superette
Grant Deed
—
Mar 24, 1988
—
Howe Street Rlty Trust
—
Deed Of Trust
related
$100,000 · Zwi Kohorn
Oct 30, 1987
—
Howe Street RT
—
Deed Of Trust
related
$100,000 · Zwi Kohorn
Oct 16, 1987
—
Howe St. Superette
—
Deed Of Trust
related
$80,000 · Shawmut Arlington Tr
—
—
63 Howe St Re LLC
—
Deed Of Trust
related
$100,000 · Miscellaneous Fin & Mtg Co
—
—
163 Howe St LLC
—
Deed Of Trust
related
$721,000 · Liftforward INC
—
—
Gary T Hammond
—
Deed Of Trust
related
—
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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