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Property profile & analytics
OFF-MARKET
Manufacturing properties
197 Commercial St, Malden, MA 02148-6708
Individually Owned
1-yr Hold
Free & Clear
Property ID
US38-1517797
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1970
Construction
STEEL FRAME
Total area
31,059 SF
Lot
2.07 ac (90,348 SF)
Zoning code
I
APN
MALD M:055 B:231 L:107
UPID
US38-1517797
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
-
Beacon Building Products Building Supply Industrial Manufacturer
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
Blv II Ma 185 & 197 Com S · 1 yrs held
Blv II Ma 185 & 197 Com S
since 2025
Last sale
$15.4M
7 recorded transactions
Zoning & alternative use
I · Malden, 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 Malden submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Malden 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
$64,417
Tax year 2024
Assessed value
$3,539,400
Assessed 2024
Previous assessed
$3,539,400
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$2,213,500
Assessed improvement
$1,325,900
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1970
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
6
Total area
31,059 SF
Lot
2.07 ac (90,348 SF)
Zoning code
I
APN
MALD M:055 B:231 L:107
UPID
US38-1517797
Jurisdiction
MALDEN
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
I · Malden, MA
Zoning I · permitted uses
I · Malden, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Malden. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1970
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
6
Lot
2.07 ac
Current owner
From public records · entity-resolved
Blv II Ma 185 & 197 Com S
Individual
Free & Clear · 1 yrs held
Mailing address
401 EDGEWATER PL STE #265, WAKEFIELD, MA 01880-6241
Mailing matches property
Yes
Owner-occupied
Yes
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
Sep 25, 2025
—
Blv II Ma 185 & 197 Com S
—
Deed
related
$20,813,000 · Canadian Imperial City Bank
Mar 13, 2025
$15,400,000
Blv II Ma 185 & 197 Com S
Nbi Commercial LLC
Deed
—
Dec 18, 2020
—
Nbi Com LLC
—
Deed
related
$8,455,000 · Middlesex Savings Bank
Oct 5, 2020
—
Nbi Com LLC
—
Deed
related
$241,188 · Boston Private Bank & Trust Company
Feb 20, 2018
$6,200,000
Nbi Commercial LLC
North River Malden I L
Quit Claim Arm's Length For Ne States
$4,100,000 · Boston Private Bank & Trust
Nov 10, 2017
—
North River Malden I L
—
Deed
related
$3,460,000 · East Boston Savings Bank
Feb 10, 2017
$4,000,000
North River Malden I L
Ocfa INC
Quit Claim Arm's Length For Ne States
$2,600,000 · East Boston Savings Bank
Jan 17, 2002
$1,400,000
Pcfa Omc
Maldemer LLC
Grant Deed
—
Aug 1, 2001
$1,375,000
Maldemar LLC
Tucker,leonard W
Grant Deed
$800,000 · Zuckerman Family Nomi
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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