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Property profile & analytics
OFF-MARKET
Industrial properties
28 Pelham Ave, Methuen, MA 01844-2968
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US38-0227757
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Lot
22.94 ac (999,266 SF)
Zoning code
BL
APN
METH M:00612 B:00124 L:00088
UPID
US38-0227757
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
-
Shumsky Door Corp Construction Company General Contractor
-
Shumsky Door Corporation Hardware & Home Improvement Production Facility
-
Ideal Office Solutions Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
28 Pelham Avenue Realt · 10 yrs held
28 Pelham Avenue Realt
since 2015
5 recorded transactions
Zoning & alternative use
BL · Methuen, 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 Methuen submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Methuen 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2020Property tax & assessments
Tax year 2020
Tax billed
$37,790
Tax year 2020
Assessed value
$1,723,400
Assessed 2024
Previous assessed
$1,629,900
+5.7% YoY
Effective rate
2.19%
On assessed value
Assessed land
$512,600
Assessed improvement
$1,210,800
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
INDUSTRIAL (GENERAL)
Status
Off-Market
Heating
NONE
Buildings
2
Units
2
Lot
22.94 ac (999,266 SF)
Zoning code
BL
APN
METH M:00612 B:00124 L:00088
UPID
US38-0227757
Jurisdiction
METHUEN
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
BL · Methuen, MA
Zoning BL · permitted uses
BL · Methuen, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Methuen. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Buildings
2
Units
2
Lot
22.94 ac
Current owner
From public records · entity-resolved
28 Pelham Avenue Realt
Individual
Mailing address
28 PELHAM AVE, METHUEN, MA 01844-2968
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2015
$1,200,000
28 Pelham Avenue Realt
Keypoint Partners LLC
Quit Claim Arm's Length For Ne States
$600,000 · Enterprise Bank & Trust Co
Jan 31, 2005
—
Pelham Avenue Nt
—
Deed Of Trust
related
$1,900,000 · Century Bank & Trust Co
May 20, 2002
—
Ave Nt Pelham
—
Deed Of Trust
related
$1,400,000 · First Essex Bank
Mar 29, 2002
—
Pelham Avenue Nt
—
Deed Of Trust
related
$995,000 · First Essex Bank
Sep 26, 2000
—
Bernadette B Boddy
—
Deed Of Trust
related
$250,000 · First Essex Savings 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.
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