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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Office Spaces
22 Ml St Ste 201, Arlington, MA 02476-4738
Individually Owned
1-yr Hold
Free & Clear
Property ID
US38-1903167
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1984
Construction
STEEL FRAME
Total area
1,756 SF
Zoning code
I
APN
ARLI M:052.A B:0001 L:0201
UPID
US38-1903167
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$520k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$400k
Blend (final)
Blend
$520k
Owner & transaction history
Everest Healthcare Specia · 1 yrs held
Everest Healthcare Specia
since 2024
Last sale
$520,000
4 recorded transactions
Zoning & alternative use
I · Arlington, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$495,000
+28.6%
Neighborhood: shopping center
$485,000
+26.6%
Retail stores
$475,000
+23.2%
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 Arlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arlington 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
$520,000
ML approach
$520,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$385,000
Current use
AUTO REPAIR, GARAGE
$495,000
Change: +29% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$485,000
Change: +27% · Conversion: Difficult
RETAIL STORES
$475,000
Change: +23% · Conversion: Moderate
COMMERCIAL (GENERAL)
$455,000
Change: +18% · Conversion: Easy
Blend value · Realmo final
$520k
Range $468k – $572k · ±10% · vs last sale $520k (Aug 6 2024)
Last sale anchor
$520k
Aug 6 2024
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
$296 / 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
$6,641
Tax year 2024
Assessed value
$627,100
Assessed 2024
Previous assessed
$627,100
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed improvement
$627,100
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1984
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
4
Rooms
1
Bathrooms
2
Total area
1,756 SF
Zoning code
I
APN
ARLI M:052.A B:0001 L:0201
UPID
US38-1903167
Jurisdiction
ARLINGTON
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
I · Arlington, MA
Zoning I · permitted uses
I · Arlington, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Arlington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$385,000
AUTO REPAIR, GARAGE
Est. value
$495,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$485,000
RETAIL STORES
Est. value
$475,000
COMMERCIAL (GENERAL)
Est. value
$455,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
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
1984
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
1
Rooms
1
Bathrooms
2
Current owner
From public records · entity-resolved
Everest Healthcare Specia
Individual
Free & Clear · 1 yrs held
Mailing address
22 ML ST STE #201, ARLINGTON, MA 02476-4738
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 6, 2024
—
Everest Healthcare Specia
Everest Healthcare Specia
Quit Claim Deed
related
—
Oct 25, 2019
—
Everest,healthcare Spclst
Darcy Thomas Do PLLC
Quit Claim Deed
related
—
Mar 1, 2016
$520,000
Thomas D Darcy LLC
Mount Auburn Professio
Quit Claim Arm's Length For Ne States
$193,000 · Leader Bank NA
Sep 16, 1994
$280,000
Lindsay Pond Nt
Rice,robert G
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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