New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,120,000
Office buildings
2 Gaythorne Rd Methuen, MA 01844-2035
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-0181110
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1990
Construction
STEEL FRAME
Total area
5,382 SF
Lot
0.72 ac (31,276 SF)
Zoning code
BH
APN
METH M:00610 B:00123 L:00048D
UPID
US38-0181110
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
-
Law Office Robert Crowley Law Firm
-
Star After School and Child Care Tutoring Service Training Center
-
Durgerian John Tax Preparation
-
Remillard Mary Ann Law Firm
-
Robert Le Blanc Law Offices Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$1.12M
Owner & transaction history
Singh Real Estate LLC · 2 yrs held
Singh Real Estate LLC
since 2023
Last sale
$1.1M
5 recorded transactions
Zoning & alternative use
BH · Methuen, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.9M
+103.8%
Apartment house (5+ units)
$1.7M
+88.8%
Auto repair, garage
$1.3M
+41.4%
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
$1,115,000
ML approach
$1,015,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$910,000
Current use
RESTAURANT
$1,860,000
Change: +104% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,720,000
Change: +89% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,290,000
Change: +41% · Conversion: Difficult
RETAIL STORES
$1,195,000
Change: +31% · Conversion: Moderate
COMMERCIAL (GENERAL)
$985,000
Change: +8% · Conversion: Easy
INDUSTRIAL (GENERAL)
$880,000
Change: -3% · Conversion: Difficult
WAREHOUSE, STORAGE
$755,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$1.12M
Range $1.01M – $1.23M · ±10% · vs last sale $1.14M (Oct 31 2023)
Last sale anchor
$1.14M
Oct 31 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
$208 / 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
$17,751
Tax year 2024
Assessed value
$845,300
Assessed 2024
Previous assessed
$789,600
+7.1% YoY
Effective rate
2.10%
On assessed value
Assessed land
$377,900
Assessed improvement
$467,400
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1990
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
3
Bathrooms
4
Total area
5,382 SF
Lot
0.72 ac (31,276 SF)
Zoning code
BH
APN
METH M:00610 B:00123 L:00048D
UPID
US38-0181110
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$910,000
RESTAURANT
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.3M
RETAIL STORES
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$985,000
INDUSTRIAL (GENERAL)
Est. value
$880,000
WAREHOUSE, STORAGE
Est. value
$755,000
OFFICE BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
1990
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
3
Bathrooms
4
Lot
0.72 ac
Current owner
From public records · entity-resolved
Singh Real Estate LLC
Entity
Mailing address
2 GAYTHORNE RD, METHUEN, MA 01844-2035
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2023
$1,137,500
Singh Real Estate LLC
Western RT
Quit Claim Arm's Length For Ne States
$568,700 · Leader Bank NA
Oct 31, 2023
—
Singh Real Estate LLC
—
Deed
related
$468,000 · Bay Colony Development Corp
Nov 12, 2008
$345,836
Beneficial Mass INC
Rondeau,timothy R
Grant Deed
—
Jun 15, 2005
—
Brenda L Dudevoir
—
Deed Of Trust
related
$45,000 · Beneficial Massachusetts INC
Aug 9, 2001
—
Arelis Estevez
—
Deed Of Trust
related
$20,000 · Beneficial Massachusetts INC
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2 Gaythorne Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
