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Property profile & analytics
OFF-MARKET
Estimated value
$1,835,000
Retail space
176 Pelham St, Methuen, MA 01844-1590
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US38-0872366
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1960
Construction
STEEL FRAME
Total area
3,500 SF
Lot
1.27 ac (55,321 SF)
Zoning code
BH
APN
METH M:00512 B:00131 L:00005B
UPID
US38-0872366
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
-
Galloway's Propane Equipment Propane Supplier
-
Dominican Food Breakfast Suarez Pizza Restaurant
-
Galloway Convenience Store Grocery & Convenience Store
-
FedEx Drop Box Postal Service Courier Service
-
Hookahs & Vapahs Methuen (Bike/Boat/Book/etc) Store Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.80M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.15M
Blend (final)
Blend
$1.84M
Owner & transaction history
Mag Enterprises Re INC · 1 yrs held
Mag Enterprises Re INC
since 2025
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
BH · Methuen, 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 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
$1,740,000
ML approach
$1,800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.84M
Range $1.65M – $2.02M · ±10% · vs last sale $1.90M (Feb 21 2025)
Last sale anchor
$1.90M
Feb 21 2025
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
$524 / 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
$18,180
Tax year 2024
Assessed value
$865,700
Assessed 2024
Previous assessed
$814,700
+6.3% YoY
Effective rate
2.10%
On assessed value
Assessed land
$539,000
Assessed improvement
$326,700
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1960
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
3
Bathrooms
2
Total area
3,500 SF
Lot
1.27 ac (55,321 SF)
Zoning code
BH
APN
METH M:00512 B:00131 L:00005B
UPID
US38-0872366
Jurisdiction
METHUEN
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
BH · Methuen, MA
Zoning BH · permitted uses
BH · 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.
Building & site characteristics
From public records
Year built
1960
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
3
Bathrooms
2
Lot
1.27 ac
Current owner
From public records · entity-resolved
Mag Enterprises Re INC
Entity
Mailing address
176 PELHAM ST, METHUEN, MA 01844-1590
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2025
$1,900,000
Mag Enterprises Re INC
176 Pelham Street Nt
Deed
$1,125,000 · Mechanics Cooperative Bank
Feb 27, 2024
—
176 Pelham Street Nt
—
Deed
related
$400,000 · Tony Achkar
Dec 20, 2022
—
176 Pelham Street Nt
—
Deed
related
$200,000 · Tony Achkar
Jul 1, 2010
—
176 Pelham Street Nt
—
Deed Of Trust
related
$250,000 · Achkar Tony
Jul 3, 2009
—
176 Pelham Street Nt
—
Deed Of Trust
related
$250,000 · Tony Achkar
Nov 22, 2005
—
176 Pelham St. Nt
—
Deed Of Trust
related
$550,000 · Enterprise Bank & Trust
Jan 22, 2002
$250,000
174 Pelham Street Nt
Galloway,thomas E
Grant Deed
—
Jan 22, 2002
$650,000
176 Pelham Street Nt
Galloway,thomas E
Grant Deed
—
—
—
176 Pelham Street Nominee Trust
—
Deed Of Trust
related
$150,000 · Tony Achkar
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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