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Property profile & analytics
FOR LEASE
Investment properties
236 Main St Lee, MA 01238
Trust Owned
6-yr Hold
Free & Clear
Property ID
US38-2367056
For Lease
$1,500/Mo
236 Main St, Lee, MA 01238
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Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1950
Construction
FRAME
Total area
9,024 SF
Lot
0.1 ac (4,356 SF)
Zoning code
DCBC
APN
LEEE M:012 B:0A L:0000-0155.0
UPID
US38-2367056
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
$580k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$659k
Blend (final)
Blend
$515k
Owner & transaction history
Melluzzo,richard J Trust · 6 yrs held
Melluzzo,richard J Trust
since 2020
Last sale
$405,600
7 recorded transactions
Zoning & alternative use
DCBC · Lee, 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 Lee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lee 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
$575,000
ML approach
$580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$515k
Range $464k – $567k · ±10% · vs last sale $406k (Apr 23 2020)
Last sale anchor
$406k
Apr 23 2020
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
$57 / 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
$5,894
Tax year 2024
Assessed value
$524,400
Assessed 2024
Previous assessed
$549,500
-4.6% YoY
Effective rate
1.12%
On assessed value
Assessed land
$130,400
Assessed improvement
$394,000
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
For Lease
Year built
1950
Construction
FRAME
Heating
BASEBOARD
Buildings
1
Stories
3
Total area
9,024 SF
Lot
0.1 ac (4,356 SF)
Zoning code
DCBC
APN
LEEE M:012 B:0A L:0000-0155.0
UPID
US38-2367056
Jurisdiction
LEE
Zoning & alternative use
DCBC · Lee, MA
Zoning DCBC · permitted uses
DCBC · Lee, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lee. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1950
Construction
FRAME
Heating
BASEBOARD
Stories
3
Buildings
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
Melluzzo,richard J Trust
Trust
Free & Clear · 6 yrs held
Mailing address
970 CPE ST, LEE, MA 01238-9107
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2022
—
Rentoor LLC
—
Deed
related
$436,000 · Trustco Bank
Apr 23, 2020
—
Melluzzo,richard J Trust
Patrice C Melluzzo
Quit Claim Deed
related
—
Dec 2, 2016
—
Melluzzo,patrice C Trust
Stony Field Nominee Trust
Quit Claim Deed
related
—
Nov 3, 2008
$405,600
Stony Field Nt
Two Sons Nt
Grant Deed
—
Jul 2, 2004
$405,000
Two Sons Nt
Lynch,natalie
Grant Deed
$365,000 · Thomas A Ricchi
Aug 29, 2003
$200,000
Natalie Lynch
Hunter,don C
Grant Deed
$230,000 · Lee Bank
Apr 15, 1994
—
P James Scarafoni
—
Deed Of Trust
related
$35,000 · Lee Bank
Jun 27, 1990
—
P James Scarafoni
—
Deed Of Trust
related
$50,000 · Lee Bank
Jun 8, 1990
—
P James Scarafoni
—
Deed Of Trust
related
$165,000 · Lee Bank
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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