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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Retail space
2 Charles St Methuen, MA 01844-3108
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-2341983
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1868
Construction
FRAME
Total area
13,115 SF
Lot
0.09 ac (4,138 SF)
Zoning code
CBD
APN
METH M:00612 B:00055 L:00007
UPID
US38-2341983
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
-
High-Tech Electronics Electronics & Wireless Store Computer & Electronic Repair
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$865k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$881k
Blend (final)
Blend
$850k
Owner & transaction history
2 Charles St LLC · 3 yrs held
2 Charles St LLC
since 2023
Last sale
$800,000
7 recorded transactions
Zoning & alternative use
CBD · 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
$910,000
ML approach
$865,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$850k
Range $765k – $935k · ±10% · vs last sale $800k (May 12 2023)
Last sale anchor
$800k
May 12 2023
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
$65 / 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
$8,398
Tax year 2024
Assessed value
$399,900
Assessed 2024
Previous assessed
$380,300
+5.2% YoY
Effective rate
2.10%
On assessed value
Assessed land
$112,000
Assessed improvement
$287,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
1868
Construction
FRAME
Heating
STEAM
Cooling
YES
Buildings
1
Stories
3
Units
2
Bathrooms
2
Total area
13,115 SF
Lot
0.09 ac (4,138 SF)
Zoning code
CBD
APN
METH M:00612 B:00055 L:00007
UPID
US38-2341983
Jurisdiction
METHUEN
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
CBD · Methuen, MA
Zoning CBD · permitted uses
CBD · 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
1868
Construction
FRAME
Heating
STEAM
Cooling
Yes
Stories
3
Buildings
1
Units
2
Bathrooms
2
Lot
0.09 ac
Current owner
From public records · entity-resolved
2 Charles St LLC
Entity
Mailing address
2 CHARLES ST, METHUEN, MA 01844-3108
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2023
$800,000
2 Charles St LLC
Diverse Real Estate LLC
Quit Claim Arm's Length For Ne States
$950,000 · Reading Cooperative Bank
Jul 17, 2018
$381,000
Diverse Real Estate Ll
Bemorini Realty LLC
Quit Claim Arm's Length For Ne States
$285,750 · Enterprise Bank & Trust Co
Oct 21, 2011
$1
Bemorini Realty LLC
Espaillat,beningo A
Grant Deed
—
Feb 3, 2011
—
Benigno Espaillat
—
Deed Of Trust
related
$300,000 · Enterprise Bank & Trust
May 14, 2009
$120,000
Benigno Espaillat
Apex INC
Grant Deed
—
Feb 5, 2009
$132,000
Apex INC
Charles Street RT
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Dec 30, 2004
—
Charles Street RT
—
Deed Of Trust
related
$150,000 · Mass Community Dev
Sep 27, 2004
$225,000
Charles St. RT
Sheehan Nt Re Tr
Grant Deed
—
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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