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Property profile & analytics
OFF-MARKET
Estimated value
$3,330,000
Retail space
290 Main St, Stoneham, MA 02180-3589
Entity Owned
1-yr Hold
Free & Clear
Property ID
US38-0493749
Property summary
AI-generated overview
This exceptional Stoneham property, known as "The Rounds Building," presents a unique investment opportunity. Located at 290 Main Street, this approximately 17,000 square foot brick building sits on a sizable 3/4 acre lot. Currently, it houses a thriving 7,000 square foot hardware store and additional space comprising 7+ professional offices, warehouse space, and a loading dock. The property's strategic location at the intersection of Interstates 93 and 95 offers unparalleled access to Boston, public transportation, and the Middlesex Fells Reservation. Stoneham's vibrant downtown area is also within easy reach. The property boasts excellent parking and remarkable versatility. A feasibility study suggests potential for up to 40 residential or mixed-use units (buyer due diligence required). Approximately 25,000 square feet of the parcel is zoned Central Business District, with Main Street frontage, while over 9,000 square feet is zoned Residence B, fronting Central Street across from St. Patrick's Church. The asking price is $3,900,000.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1913
Construction
FRAME
Total area
17,480 SF
Lot
0.78 ac (33,759 SF)
Zoning code
CBD
APN
STON M:17 B:000 L:189
UPID
US38-0493749
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.87M
Comparable Approach
Comparable
$3.22M
Blend (final)
Blend
$3.33M
Owner & transaction history
Lily Oak Hill LLC · 1 yrs held
Lily Oak Hill LLC
since 2025
Last sale
$3.1M
6 recorded transactions
Zoning & alternative use
CBD · Stoneham, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.1M
+7.7%
Auto repair, garage
$4.9M
+4.4%
Neighborhood: shopping center
$4.8M
+2.8%
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 Stoneham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stoneham 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%
$4,185,000
6.5%
$3,865,000
7%
$3,590,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,710,000
Current use
RESTAURANT
$5,075,000
Change: +8% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,920,000
Change: +4% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,845,000
Change: +3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,515,000
Change: -4% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$4,030,000
Change: -15% · Conversion: Difficult
OFFICE BUILDING
$3,825,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$3.33M
Range $3.00M – $3.66M · ±10% · vs last sale $3.12M (Dec 31 2024)
Last sale anchor
$3.12M
Dec 31 2024
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
$191 / 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
$45,284
Tax year 2024
Assessed value
$2,245,100
Assessed 2024
Previous assessed
$2,114,000
+6.2% YoY
Effective rate
2.02%
On assessed value
Assessed land
$926,600
Assessed improvement
$1,318,500
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1913
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
3
Bathrooms
4
Total area
17,480 SF
Lot
0.78 ac (33,759 SF)
Zoning code
CBD
APN
STON M:17 B:000 L:189
UPID
US38-0493749
Jurisdiction
STONEHAM
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
CBD · Stoneham, MA
Zoning CBD · permitted uses
CBD · Stoneham, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Stoneham. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$4.7M
RESTAURANT
Est. value
$5.1M
AUTO REPAIR, GARAGE
Est. value
$4.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.8M
COMMERCIAL (GENERAL)
Est. value
$4.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.0M
OFFICE BUILDING
Est. value
$3.8M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1913
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
3
Bathrooms
4
Lot
0.78 ac
Current owner
From public records · entity-resolved
Lily Oak Hill LLC
Entity
Free & Clear · 1 yrs held
Mailing address
290 MAIN ST, STONEHAM, MA 02180-3589
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2025
$3,120,000
Lily Oak Hill LLC
Rrp T
Deed
—
Jan 24, 2019
—
Alana Arangio
Rrp T
Quit Claim Deed
related
—
Dec 22, 2011
$220,000
Rrp T
W&k Round RT
Deed
$100,000 · Stoneham Cooperative Bank
Dec 22, 2011
—
T Rrp
—
Deed Of Trust
related
$220,000 · W&k Round RT
Jul 20, 2009
$1
Round,william Herbert Tr
Round Ft
Grant Deed
—
Dec 22, 1993
—
Bruce D Round
—
Deed Of Trust
related
$104,000 · Zuckerman Family Nomi
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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