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Property profile & analytics
FOR LEASE
Super regional malls
1777 Main St, Tewksbury, MA 01876
Entity Owned
4-yr Hold
Free & Clear
Property ID
US38-1482934
For Lease
1 / 2
$9,615,000
1777 Main St, Tewksbury, MA 01876
View Listing →
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
60,113 SF
Lot
34.86 ac (1,518,502 SF)
Zoning code
COM
APN
TEWK M:0085 L:0001 U:0000
UPID
US38-1482934
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
-
Lionheart Hair Studio Hair Salon Nail Salon
-
All About You Salon Hair Salon
-
Suite Hair by Katie Hair Salon
-
Erica Tumenas Color Studio Hair Salon
-
Studio Kristen Michelle Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.80M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.34M
Blend (final)
Blend
$9.62M
Owner & transaction history
Mar-burg 1777 LLC · 4 yrs held
Mar-burg 1777 LLC
since 2022
Last sale
$10.1M
6 recorded transactions
Zoning & alternative use
COM · Tewksbury, 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 Tewksbury submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tewksbury 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
$8,680,000
ML approach
$7,795,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$15,535,000
Change: -7% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$13,850,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$9.62M
Range $8.65M – $10.58M · ±10% · vs last sale $10.13M (Jun 30 2022)
Last sale anchor
$10.13M
Jun 30 2022
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
$160 / 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
$168,018
Tax year 2024
Assessed value
$6,656,800
Assessed 2024
Previous assessed
$6,656,800
+0.0% YoY
Effective rate
2.52%
On assessed value
Assessed land
$2,699,400
Assessed improvement
$3,957,400
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Lease
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
10
Bathrooms
18
Total area
60,113 SF
Lot
34.86 ac (1,518,502 SF)
Zoning code
COM
APN
TEWK M:0085 L:0001 U:0000
UPID
US38-1482934
Jurisdiction
TEWKSBURY
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
COM · Tewksbury, MA
Zoning COM · permitted uses
COM · Tewksbury, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tewksbury. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$15.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$13.9M
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
10
Bathrooms
18
Lot
34.86 ac
Current owner
From public records · entity-resolved
Mar-burg 1777 LLC
Entity
Free & Clear · 4 yrs held
Mailing address
165 LIVINGSTON ST, TEWKSBURY, MA 01876-4504
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2022
$10,128,000
Mar-burg 1777 LLC
1777 Main Street LP
Quit Claim Arm's Length For Ne States
—
Mar 2, 1998
$200,000
Lowell Five Cent Sb
1777 Main General INC
Grant Deed
—
Nov 26, 1997
$625,000
USA Postal Service
1777 Main General INC
Grant Deed
—
May 6, 1996
—
1777 Main Street LP
—
Deed Of Trust
related
$2,800,000 · Fleet National Bank
Dec 29, 1995
$2,300,000
1777 Main Street LP
Silver Leaf LP
Grant Deed
—
Feb 15, 1990
$5,800,000
Silver Leaf Ltd Ptnrsh
Mass Centers INC
Grant Deed
$15,500,000 · Bank Of New England
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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