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    Property profile & analytics

    262 Franklin St, Unit 272 Melrose, MA 02176-1823

    • Investment properties
    • 0.48 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jun 30, 2022
    Location Intelligence
    Property ID
    US38-0888155
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Investment properties

    Property Details for 262 Franklin St

    Lot size
    0.48 lot acres
    Zone code
    URB
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    MELR M:C12 P:0000099
    APU
    MELRMC12P0000099

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Melrose
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.0654
    Latitude
    42.4676
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $0.00
    $609,400
    $460,600
    $1,070,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,394 SF

      25-25A Myrtle St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,394 SF
      25-25A Myrtle St, Melrose, MA 02176
      View Details
    • Value Estimation by Request
      8,959 SF

      539-541 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 8,959 SF
      539-541 Main St, Melrose, MA 02176
      View Details
    • Value Estimation by Request
      2,183 SF

      984 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,183 SF
      984 Main St, Melrose, MA 02176-1912
      View Details
    • Value Estimation by Request
      4,400 SF

      653-655 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,400 SF
      653-655 Main St, Melrose, MA 02176
      View Details
    • Value Estimation by Request
      7,752 SF

      500-504 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 7,752 SF
      500-504 Main St, Melrose, MA 02176
      View Details
    • Value Estimation by Request
      3,226 SF

      6-10 Chipman Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,226 SF
      6-10 Chipman Ave, Melrose, MA 02176
      View Details

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      Medical Office Condo Near Hospital

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    Similar Nearby for Lease

    • $24 SF/Yr
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      Melrose Office Condo For Rent

      Well-maintained 1,150 SF office condo in desirable Melrose complex.
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    • $60 SF/Yr

      Melrose Retail Space For Lease

      New construction retail and restaurant spaces in mixed-use building.
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    • $3,000 /Mo

      Melrose Highlands Versatile Commercial Space

      1,900+ SF commercial space suitable for medical, office, or retail.
      403 Franklin St, Melrose, MA 02176
      View Details
    • $2,899 /Mo

      Downtown Melrose Retail Space Available

      1,800 SF lower level retail space for lease.
      429 R Main, Melrose, MA 02176
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    • $850 /Mo

      Downtown Melrose Office Space Available

      Single office space with natural light in downtown Melrose.
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      View Details
    Request Owner's contact information
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    262 Franklin St, Unit 272
    Melrose, MA 02176-1823
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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