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Property profile & analytics
OFF-MARKET
Estimated value
$1,030,000
Office buildings
171 Tremont St Melrose, MA 02176-2242
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US38-0866081
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1914
Construction
FRAME
Total area
7,920 SF
Lot
0.66 ac (28,623 SF)
Zoning code
BB1
APN
MELR M:C11 P:0000126
UPID
US38-0866081
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
-
Karate Pro Dojo Sports School
-
Dogwood Cottage Kennel & Boarding Facility
-
Pantheon Training Complex Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$1.03M
Owner & transaction history
Tremont Street Melrose · 10 yrs held
Tremont Street Melrose
since 2015
4 recorded transactions
Zoning & alternative use
BB1 · 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
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
Blend value · Realmo final
$1.03M
Range $927k – $1.13M · ±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
$130 / 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
$26,117
Tax year 2024
Assessed value
$1,474,700
Assessed 2024
Previous assessed
$1,474,700
+0.0% YoY
Effective rate
1.77%
On assessed value
Assessed land
$728,300
Assessed improvement
$746,400
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1914
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
4
Rooms
3
Bathrooms
7
Total area
7,920 SF
Lot
0.66 ac (28,623 SF)
Zoning code
BB1
APN
MELR M:C11 P:0000126
UPID
US38-0866081
Jurisdiction
MELROSE
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
BB1 · Melrose, MA
Zoning BB1 · permitted uses
BB1 · 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
1914
Construction
FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
4
Rooms
3
Bathrooms
7
Lot
0.66 ac
Current owner
From public records · entity-resolved
Tremont Street Melrose
Individual
Mailing address
6 SHIPLEY CT, MIDDLETON, MA 01949-1825
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2015
$1,225,000
Tremont Street Melrose
Oakland RT
Quit Claim Arm's Length For Ne States
$875,000 · Inst Svgs Newburyport
Mar 20, 2006
—
Oakland RT
—
Deed Of Trust
related
$125,000 · Gary Needham
Dec 10, 1992
—
Oakland RT
—
Deed Of Trust
related
$172,245 · Gary Needham
Oct 14, 1987
—
David C Cravo
—
Deed Of Trust
related
$50,000 · Everett Cu
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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