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Property profile & analytics
OFF-MARKET
Estimated value
$1,065,000
Super regional malls
216 Ctr St 224 Malden, MA 02148-5526
Individually Owned
15-yr Hold
Free & Clear
Property ID
US38-0524642
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1985
Construction
STEEL FRAME
Total area
6,136 SF
Lot
0.33 ac (14,379 SF)
Zoning code
CB
APN
MALD M:075 B:272 L:214
UPID
US38-0524642
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
-
InVisionBoston, PC Physician
-
Dr. Dylan Bui Physician
-
Michelle Kelley - Realtor Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.07M
Owner & transaction history
Pesiridis 2003 T Efthimia · 15 yrs held
Pesiridis 2003 T Efthimia
since 2011
7 recorded transactions
Zoning & alternative use
CB · Malden, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.7M
+1.6%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,700,000
Current use
AUTO REPAIR, GARAGE
$1,725,000
Change: +2% · Conversion: Difficult
RETAIL STORES
$1,655,000
Change: -3% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,415,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$1.07M
Range $959k – $1.17M · ±10%
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
$174 / 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
$22,151
Tax year 2024
Assessed value
$1,217,100
Assessed 2024
Previous assessed
$1,217,100
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$540,600
Assessed improvement
$676,500
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1985
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
5
Bathrooms
6
Total area
6,136 SF
Lot
0.33 ac (14,379 SF)
Zoning code
CB
APN
MALD M:075 B:272 L:214
UPID
US38-0524642
Jurisdiction
MALDEN
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
CB · Malden, MA
Zoning CB · permitted uses
CB · 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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.7M
RETAIL STORES
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
1985
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
5
Bathrooms
6
Lot
0.33 ac
Current owner
From public records · entity-resolved
Pesiridis 2003 T Efthimia
Individual
Free & Clear · 15 yrs held
Mailing address
6 ELLISTON RD, WESTON, MA 02493-1200
Ownership since
2011
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
Jul 13, 2011
$1
Pesiridis 2003 T Efthimia
Pesiridis,theodore
Grant Deed
—
Apr 6, 2000
—
Tara L Landry
—
Deed Of Trust
related
$30,208 · Norwest Fncl Mass INC
Nov 16, 1994
$590,000
Theodore Pesiridis
Tara RT
Grant Deed
$535,000 · Savings Bank
Nov 15, 1994
$590,000
Theodore Pesiridis
Tara RT
Grant Deed
$535,000 · Savings Bank
Jul 13, 1989
—
Tara RT
—
Deed Of Trust
related
$130,000 · Progressive Cnsmr FCU
May 16, 1989
—
Tara RT
—
Deed Of Trust
related
$220,000 · Progressive Cnsmr FCU
Aug 31, 1988
—
Tara Rlty Tr
—
Deed Of Trust
related
$220,000 · Progressive Cnsmr FCU
Apr 24, 1987
—
Tara Realty Trust
—
Deed Of Trust
related
$50,000 · Progressive Cnsmr FCU
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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