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    Property profile & analytics

    2 Charles St, Unit 101 Methuen, MA 01844

    • Retail space
    • 13,115 SF
    • 0.09 lot acres
    For Lease
    View listing
    $4,500 /Mo
    Value Estimation
    $850,000
    Last Sale
    May 12, 2023
    $800,000
    Location Intelligence
    Property ID
    US38-2341983
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • High-Tech Electronics / Audiovisual Equipment Rental Service / Audio Visual Equipment Repair Service

    Property Details for 2 Charles St

    Year built
    1868
    Construction
    FRAME
    Lot size
    0.09 lot acres
    Property size
    13,115 SF
    Zone code
    CBD
    Property type
    Retail space
    APN
    METH M:00612 B:00055 L:00007
    APU
    METHM00612B00055L00007

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $910,000

    • CAP approach

      CAP return
      Estimation
      6%
      $915,000
      6.5%
      $870,000
      7%
      $765,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $870,000
      Geo Method
      $720,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $735,000
      Retail
      $710,000
      Mixed-Use
      $875,000
      Hospitality
      $875,000
      Educational
      $750,000
      Residential Income
      $920,000
      Energy
      $720,000
      Income-Based Land
      $890,000
      Food Service
      $865,000

    Location Insight

    • Map
    • Local Demand
    City
    Methuen
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.187
    Latitude
    42.728
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $8,398
    $112,000
    $287,900
    $399,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $260,000
      3,025 SF

      51 Ctr St, Unit 57

      RETAIL STORES (PERSONAL SERVICES) • 3,025 SF
      51 Ctr St, Methuen, MA 01844-4352
      View Details
    • Value Estimation
      $485,000
      2,718 SF

      602 Lowell St

      RETAIL STORES (PERSONAL SERVICES) • 2,718 SF
      602 Lowell St, Methuen, MA 01844-1805
      View Details
    • Value Estimation
      $1,810,000
      3,500 SF

      176 Pelham St

      RETAIL STORES (PERSONAL SERVICES) • 3,500 SF
      176 Pelham St, Methuen, MA 01844-1590
      View Details
    • Value Estimation
      $760,000
      4,681 SF

      26 Hampshire St

      RETAIL STORES (PERSONAL SERVICES) • 4,681 SF
      26 Hampshire St, Methuen, MA 01844-6828
      View Details
    • Value Estimation
      $230,000
      1,424 SF

      50 Lawrence St

      RETAIL STORES (PERSONAL SERVICES) • 1,424 SF
      50 Lawrence St, Methuen, MA 01844-4451
      View Details
    • Value Estimation
      $350,000
      1,364 SF

      134-136 Lowell St

      RETAIL STORES (PERSONAL SERVICES) • 1,364 SF
      134-136 Lowell St, Methuen, MA 01844
      View Details

    Similar Nearby for Sale

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      Commercial property on Lowell Street with high visibility and traffic.
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      2.00 Acres

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    Similar Nearby for Lease

    • $20 SF/Yr

      Commercial Office/Retail Condo Available

      Commercial office/retail condo with attractive finishes and basement.
      5 Wallace St, Methuen, MA 01844
      View Details
    • $28 SF/Yr

      New Retail/Office/Medical Space Available

      New single-tenant building suitable for retail, office, or medical use.
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      View Details
    • $1,000 /Mo

      Methuen Office/Retail Unit For Lease

      Retail and office units available for lease in Methuen, MA.
      12 Baldwin St, Methuen, MA 01844
      View Details
    • Contact for pricing
      92,646 SF

      Methuen Retail Space Available

      Prime Methuen storefront, 2,200 sq ft
      436 Broadway, Methuen, MA 01844
      View Details
    • Contact for pricing
      2,426 SF

      Vibrant Community Shopping Center Space

      Space in a busy shopping center anchored by Market Basket.
      160-186 Haverhill St, Methuen, MA 01844
      View Details
    • $950 /Mo
      625 SF

      Methuen Office/Retail Space Available

      Office or retail space for lease in Methuen, Massachusetts.
      240 Pleasant St, Methuen, MA 01844
      View Details
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    Methuen, MA 01844
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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