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Property profile & analytics
OFF-MARKET
Auto shops
169 Main St, Melrose, MA 02176-5204
Individually Owned
32-yr Hold
~
Est. High Equity
Property ID
US38-1150664
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1928
Construction
FRAME
Total area
4,380 SF
Lot
0.39 ac (16,779 SF)
Zoning code
URB
APN
MELR M:0C4 P:0000051
UPID
US38-1150664
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
-
Melrose Glass Co Hardware & Home Improvement Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
M RT · 32 yrs held
M RT
since 1994
7 recorded transactions
Zoning & alternative use
URB · Melrose, 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 Melrose submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Melrose 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$13,931
Tax year 2024
Assessed value
$786,600
Assessed 2024
Previous assessed
$786,600
+0.0% YoY
Effective rate
1.77%
On assessed value
Assessed land
$545,900
Assessed improvement
$240,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1928
Construction
FRAME
Heating
SPACE
Buildings
1
Stories
1
Units
1
Rooms
3
Bathrooms
4
Total area
4,380 SF
Lot
0.39 ac (16,779 SF)
Zoning code
URB
APN
MELR M:0C4 P:0000051
UPID
US38-1150664
Jurisdiction
MELROSE
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
URB · Melrose, MA
Zoning URB · permitted uses
URB · Melrose, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Melrose. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1928
Construction
FRAME
Heating
SPACE
Stories
1
Buildings
1
Units
1
Rooms
3
Bathrooms
4
Lot
0.39 ac
Current owner
From public records · entity-resolved
M RT
Individual
Mailing address
169 MAIN ST, MELROSE, MA 02176-5204
Ownership since
1994
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2001
—
M RT
—
Deed Of Trust
related
$600,000 · Northern Bank & Trust
Mar 25, 1996
—
M RT
—
Deed Of Trust
related
$300,000 · Northern Bank & Trust
Oct 5, 1994
—
M RT
—
Deed Of Trust
related
$180,000 · Metropolitan Bk & Tr
Apr 28, 1994
$180,000
M RT
Metropolitan B&t
Grant Deed
$180,000 · Metropolitan Bk & Tr
Dec 20, 1991
$200,000
Metropolitan B
Doucette,eugene D
Grant Deed
—
Nov 3, 1988
—
Eugene D Doucette
—
Deed Of Trust
related
$205,000 · Metropolitan Bk & Tr
Jun 1, 1988
—
Eugene D Doucette
—
Deed Of Trust
related
$193,000 · Metropolitan Bk & Tr
Mar 7, 1988
$225,000
Eugene D Doucette
Vittorioso,a J Tr
Grant Deed
$175,000 · Metropolitan Bk & Tr
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.
Try Rey
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