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Property profile & analytics
OFF-MARKET
Estimated value
$2,315,000
Retail space
24 Ml St Arlington, MA 02476-4700
Entity Owned
6-yr Hold
Free & Clear
Property ID
US38-1462579
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1926
Construction
STEEL FRAME
Total area
20,740 SF
Lot
0.56 ac (24,228 SF)
Zoning code
B2A
APN
ARLI M:052.0 B:0002 L:0003
UPID
US38-1462579
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
-
R.W. Shattuck & Co Inc Building Supply Hardware & Home Improvement
-
ace hardware Building Supply Hardware & Home Improvement
-
Resharp Sharpening Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.90M
Blend (final)
Blend
$2.32M
Owner & transaction history
Wheatley R & E LLC · 6 yrs held
Wheatley R & E LLC
since 2019
7 recorded transactions
Zoning & alternative use
B2A · Arlington, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The B2A district is predominantly located along Massachusetts Avenue, Mill Street, Summer Street, and Broadway. These areas generally contain retail and service uses that serve the needs of a large neighborhood area
Zone name
Major Business
General category
COMMERCIAL
Zone area
48.36 ac
Source
Realmo
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.32M
Range $2.08M – $2.55M · ±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
$112 / 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
$29,890
Tax year 2024
Assessed value
$2,822,500
Assessed 2024
Previous assessed
$2,822,500
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$1,020,900
Assessed improvement
$1,801,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1926
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
2
Bathrooms
4
Total area
20,740 SF
Lot
0.56 ac (24,228 SF)
Zoning code
B2A
APN
ARLI M:052.0 B:0002 L:0003
UPID
US38-1462579
Jurisdiction
ARLINGTON
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
B2A · Arlington, MAZoning B2A · permitted uses
B2A · Arlington, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The B2A district is predominantly located along Massachusetts Avenue, Mill Street, Summer Street, and Broadway. These areas generally contain retail and service uses that serve the needs of a large neighborhood area
Zone name
Major Business
General category
COMMERCIAL
Zone area
48.36 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1926
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
2
Bathrooms
4
Lot
0.56 ac
Current owner
From public records · entity-resolved
Wheatley R & E LLC
Entity
Free & Clear · 6 yrs held
Mailing address
24 ML ST, ARLINGTON, MA 02476-4700
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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
Sep 9, 2021
—
Wheatley Re LLC
—
Deed
related
$550,000 · Cape Cod Five Cents Savings Bank
Sep 8, 2021
—
Casson Re LLC
—
Deed
related
$450,000 · Cape Cod Five Cents Savings Bank
Nov 7, 2019
—
Wheatley R & E LLC
—
Deed
related
$480,000 · Cape Cod Five Cents Svgs Bk
Oct 31, 2019
—
Wheatley R & E LLC
—
Deed
related
$2,200,000 · Cape Cod Five Cents Svgs Bk
Oct 29, 2019
—
Wheatley R & E LLC
Wheatley Ft
Quit Claim Deed
related
—
Apr 5, 2006
—
Wheatley Ft
—
Deed Of Trust
related
$542,000 · Citizens Bank Of Ma
—
—
Wheatley R & E LLC
—
Deed Of Trust
related
$2,200,000 · Cape Cod Five Cents Svgs Bk
—
—
Wheatley R & E LLC
—
Deed Of Trust
related
$480,000 · Cape Cod Five Cents Svgs Bk
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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