Property profile

175 Pelham St Methuen, MA 01844

OFF-MARKET
Automotive properties
Property ID
US38-1784650
25,200 SF 6.42 ac lot Built 1980
Entity Owned 2-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1980
Construction STEEL FRAME
Total area 25,200 SF
Lot 6.42 ac (279,655 SF)
Zoning code BH
APN METH M:00512 B:00126B L:00001A
UPID US38-1784650

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop Vehicle Inspection Center
  • Auto Parts Store
  • Car Dealership Auto Repair Shop
  • Carpet Cleaning Service

Location

175 Pelham St Methuen, MA 01844-1520
Methuen metro Census 252202 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$9.00M
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.66M
Blend (final) Blend
$9.00M

Owner & transaction history

since 2024
Last sale
$9.0M
7 recorded transactions
2024
$9.0M
2020
Price N/A
2019
$4.6M
2018
$4.1M
1995
$700,000
1993
$12,000
1993
Price N/A

Zoning & alternative use

BH · Methuen, MA
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 permi…

General category COMMERCIAL
Top alternative use upside
Restaurant $8.7M +44.1%
Apartment house (5+ units) $8.1M +33.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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