Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Investment properties
219 Broadway Methuen, MA 01844-3003
Individually Owned
24-yr Hold
Property ID
US38-0165158
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1895
Construction
FRAME
Total area
3,527 SF
Lot
0.17 ac (7,536 SF)
Zoning code
CBD
APN
METH M:00714 B:00007 L:00013A
UPID
US38-0165158
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
-
People's Barbershop West Barber Shop
-
Vigo Bank Credit Union
-
ALG Multiservice Real Estate Agency
-
Broadway Gold Exchange Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
-
Abi’s archive Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$779k
Blend (final)
Blend
$640k
Owner & transaction history
S Papadopoulos · 24 yrs held
S Papadopoulos
since 2002
7 recorded transactions
Zoning & alternative use
CBD · Methuen, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$845,000
+30.6%
Retail stores
$785,000
+21.3%
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
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
COMMERCIAL (GENERAL)
$645,000
Current use
AUTO REPAIR, GARAGE
$845,000
Change: +31% · Conversion: Difficult
RETAIL STORES
$785,000
Change: +21% · Conversion: Easy
OFFICE BUILDING
$595,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$640k
Range $576k – $704k · ±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
$181 / 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
Assessed value
$579,200
Assessed 2024
Previous assessed
$478,700
+21.0% YoY
Assessed land
$132,400
Assessed improvement
$446,800
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1895
Construction
FRAME
Heating
ELECTRIC
Buildings
1
Stories
3
Units
5
Rooms
21
Bathrooms
7
Total area
3,527 SF
Lot
0.17 ac (7,536 SF)
Zoning code
CBD
APN
METH M:00714 B:00007 L:00013A
UPID
US38-0165158
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$645,000
AUTO REPAIR, GARAGE
Est. value
$845,000
RETAIL STORES
Est. value
$785,000
OFFICE BUILDING
Est. value
$595,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
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
1895
Construction
FRAME
Heating
ELECTRIC
Stories
3
Buildings
1
Units
5
Rooms
21
Bathrooms
7
Lot
0.17 ac
Current owner
From public records · entity-resolved
S Papadopoulos
Individual
Mailing address
394 N MAIN ST, ANDOVER, MA 01810-2621
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 21, 2023
—
Olympia V RT
—
Deed
related
$550,000 · Bank Of New England NA
Mar 20, 2017
—
Olympia 5 Realty Trust
—
Deed
related
$735,000 · Bank Of New England
Oct 5, 2016
—
Olympia 5 RT
—
Deed
related
$725,000 · North Shore Bank
Jul 11, 2003
—
Olympia V RT
—
Deed Of Trust
related
$290,000 · North Shore Bank
May 8, 2002
$259,000
S Papadopoulos
Gormley,thomas X
Grant Deed
—
May 8, 2002
—
Olympia V RT
—
Deed Of Trust
related
$194,000 · North Shore Bank
Apr 13, 2001
$259,000
Thomas X Gormley
Sciuto,salvatore V
Grant Deed
$194,250 · Stoneham Cp Bank
Jun 21, 1990
—
Salvatore V Sciuto
—
Deed Of Trust
related
$25,566 · Zuckerman Family Nomi
Jun 8, 1990
—
Salvatore V Sciuto
—
Deed Of Trust
related
$135,000 · Methuen Capital Bank
—
—
Olympia 5 Realty Trust
—
Deed Of Trust
related
$735,000 · Bank Of New England
—
—
Olympia 5 Realty Trust
—
Deed Of Trust
related
$450,000 · Bank Of New England
—
—
Olympia 5 Realty Trust
—
Deed Of Trust
related
$262,500 · Bank Of New England
—
—
Olympia 5 Realty Trust
—
Deed Of Trust
related
$297,500 · Bank Of New England
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 219 Broadway?
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.
