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Property profile & analytics
OFF-MARKET
Estimated value
$15,190,000
Parking lots & garages
26 City Hall Mall, Medford, MA 02155-4754
Entity Owned
4-yr Hold
Free & Clear
Property ID
US38-1899992
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
67,629 SF
Lot
0.85 ac (37,201 SF)
APN
MEDF M:M-09 B:0009
UPID
US38-1899992
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
-
Atrius Health Medford Medical Group Doctor
-
Dr. Richard M. McNeer III, MD Physician Medical Clinic
-
Dr. Herbert S. Plovnick, MD Physician
-
Dr. Geoffrey S. Hirsowitz, MD Physician
-
Dr. Wedad Almasri, MD Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.29M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.19M
Owner & transaction history
Atrius Mso LLC · 4 yrs held
Atrius Mso LLC
since 2022
Last sale
$15.9M
7 recorded transactions
Zoning & alternative use
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 Medford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Medford 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
$13,670,000
ML approach
$9,290,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$15.19M
Range $13.67M – $16.71M · ±10% · vs last sale $15.95M (May 31 2022)
Last sale anchor
$15.95M
May 31 2022
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
$225 / 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
$67,411
Tax year 2024
Assessed value
$4,107,900
Assessed 2024
Previous assessed
$6,859,300
-40.1% YoY
Effective rate
1.64%
On assessed value
Assessed land
$577,100
Assessed improvement
$3,530,800
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Buildings
1
Stories
3
Total area
67,629 SF
Lot
0.85 ac (37,201 SF)
APN
MEDF M:M-09 B:0009
UPID
US38-1899992
Jurisdiction
MEDFORD
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
3
Buildings
1
Lot
0.85 ac
Current owner
From public records · entity-resolved
Atrius Mso LLC
Entity
Free & Clear · 4 yrs held
Mailing address
275 GRV ST, AUBURNDALE, MA 02466-2272
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2022
$15,948,050
Atrius Mso LLC
Atrius Health INC
Quit Claim Arm's Length For Ne States
—
Jul 1, 2004
$11,275,191
Harvard Medical Assoc
Partners Healthcare Syste
Grant Deed
$39,239,535 · Ptnrs Healthcare INC
Aug 15, 2001
$10,671,000
Ptrs Healthcare System
Harvard Pilgrim Hlth
Grant Deed
—
Aug 15, 2001
—
Harvard Pilgrim Health
—
Deed Of Trust
related
$10,671,000 · Zuckerman Family Nomi
—
—
Atrius Health INC
—
Deed Of Trust
related
$137,685 · People's United Bk
—
—
Atrius Health INC
—
Deed Of Trust
related
$137,685,000 · People's United Bk
—
—
Atrius Health INC
—
Deed Of Trust
related
$172,280,000 · People's United 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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