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Property profile & analytics
OFF-MARKET
Estimated value
$4,065,000
Industrial properties
239 Commercial St, Malden, MA 02148-6721
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US38-0744170
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1970
Construction
STEEL FRAME
Total area
29,230 SF
Lot
1.06 ac (46,343 SF)
Zoning code
I2
APN
MALD M:057 B:231 L:104
UPID
US38-0744170
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
-
ICT Asset Recovery Waste Management Facility Hazardous Waste Disposal
-
Malden WIC Program Social Service Agency Charitable Organization
-
The Bridge Recovery Center Community Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.07M
Owner & transaction history
Generation 4 LLC · 11 yrs held
Generation 4 LLC
since 2014
7 recorded transactions
Zoning & alternative use
I2 · Malden, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$6.7M
+5.1%
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
COMMERCIAL (GENERAL)
$6,405,000
Current use
APARTMENT HOUSE (5+ UNITS)
$6,735,000
Change: +5% · Conversion: Moderate
OFFICE BUILDING
$6,400,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$4.07M
Range $3.66M – $4.47M · ±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
$139 / 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 2017Property tax & assessments
Tax year 2017
Tax billed
$37,519
Tax year 2017
Assessed value
$2,571,900
Assessed 2024
Previous assessed
$2,571,900
+0.0% YoY
Effective rate
1.46%
On assessed value
Assessed land
$1,021,900
Assessed improvement
$1,550,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
1970
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
2
Units
1
Bathrooms
6
Total area
29,230 SF
Lot
1.06 ac (46,343 SF)
Zoning code
I2
APN
MALD M:057 B:231 L:104
UPID
US38-0744170
Jurisdiction
MALDEN
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
I2 · Malden, MA
Zoning I2 · permitted uses
I2 · 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
COMMERCIAL (GENERAL) Current
Est. value
$6.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.7M
OFFICE BUILDING
Est. value
$6.4M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
1970
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
2
Buildings
1
Units
1
Bathrooms
6
Lot
1.06 ac
Current owner
From public records · entity-resolved
Generation 4 LLC
Entity
Mailing address
PO BOX 836, WINCHESTER, MA 01890-8036
Ownership since
2014
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
Jun 23, 2021
—
Generation 4 LLC
—
Deed
related
$390,000 · East Boston Savings Bank
Dec 9, 2020
—
Generation 4 LLC
—
Deed
related
$1,000,000 · East Boston Savings Bank
Aug 6, 2020
—
Generation 4 LLC
—
Deed
related
$300,000 · East Boston Savings Bank
Dec 11, 2014
—
Generation 4 LLC
Generation 3 Realty Trust
Quit Claim Deed
related
—
Jan 17, 2014
—
Generation 3 RT
—
Grant Deed
related
$2,450,000 · East Boston Svgs Bk
Aug 13, 2013
—
RT Generation III
—
Deed Of Trust
related
$2,450,000 · East Boston Savings Bank
May 3, 2012
—
Generation 3 RT
—
Deed Of Trust
related
$2,050,000 · East Boston Savings Bank
Dec 29, 2003
—
Generation RT
—
Deed Of Trust
related
$1,500,000 · Danvers Savings Bank
Feb 7, 2001
—
Generation 3 RT
—
Deed Of Trust
related
$400,000 · Danvers Savings Bank
Nov 9, 2000
—
Generation 3 RT
—
Deed Of Trust
related
$1,000,000 · Danvers Savings Bank
Jun 6, 1997
—
RT Generation III
—
Deed Of Trust
related
$100,000 · Century Bank & Trust Co
Apr 1, 1996
—
RT Generation III
—
Deed Of Trust
related
$675,000 · Century Bank & Trust Co
Sep 24, 1992
$542,500
RT Generation III
Project Triangle INC
Grant Deed
$500,000 · Shawmut
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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