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Property profile & analytics
OFF-MARKET
Estimated value
$5,345,000
Office buildings
3 Charlton St, Everett, MA 02149-2405
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US38-1898628
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2016
Construction
STEEL FRAME
Total area
19,600 SF
Lot
1.86 ac (80,991 SF)
Zoning code
LB-W
APN
EVER M:H0 B:04 L:000016
UPID
US38-1898628
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
-
Encore Career Center Corporate Office
-
Spar Productions Film Production Television Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.35M
Owner & transaction history
New England Power Co · 8 yrs held
New England Power Co
since 2017
7 recorded transactions
Zoning & alternative use
LB-W · Everett, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.7M
+32.6%
Auto repair, garage
$5.5M
+28.6%
Neighborhood: shopping center
$5.4M
+26.6%
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 Everett submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Everett 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
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,290,000
Current use
RESTAURANT
$5,690,000
Change: +33% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,515,000
Change: +29% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,430,000
Change: +27% · Conversion: Difficult
RETAIL STORES
$5,285,000
Change: +23% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$4,515,000
Change: +5% · Conversion: Easy
COMMERCIAL (GENERAL)
$4,075,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$5.35M
Range $4.81M – $5.88M · ±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
$273 / 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
$229,733
Tax year 2024
Assessed value
$9,572,200
Assessed 2024
Previous assessed
$9,572,200
+0.0% YoY
Effective rate
2.40%
On assessed value
Assessed land
$7,289,200
Assessed improvement
$2,283,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2016
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Bathrooms
2
Total area
19,600 SF
Lot
1.86 ac (80,991 SF)
Zoning code
LB-W
APN
EVER M:H0 B:04 L:000016
UPID
US38-1898628
Jurisdiction
EVERETT
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
LB-W · Everett, MA
Zoning LB-W · permitted uses
LB-W · Everett, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Everett. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.3M
RESTAURANT
Est. value
$5.7M
AUTO REPAIR, GARAGE
Est. value
$5.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.4M
RETAIL STORES
Est. value
$5.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.5M
COMMERCIAL (GENERAL)
Est. value
$4.1M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
2016
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Bathrooms
2
Lot
1.86 ac
Current owner
From public records · entity-resolved
New England Power Co
Entity
Mailing address
1 BROADWAY, EVERETT, MA 02149-2432
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2019
—
Everett Property LLC
—
Deed
related
$1,850,000 · Deutsche Bank National Trust Co
Dec 19, 2019
—
Everett Prop LLC
—
Deed
related
$1,850,000,000 · Deutsche Bk
Sep 8, 2017
—
New England Power Co
Everett Property LLC
Quit Claim Deed
related
—
Feb 18, 2015
$8,000,000
Everett Property LLC
Charlton Place LLC
Quit Claim Deed
—
May 20, 2014
—
Willow Place LLC
—
Deed Of Trust
related
$4,500,000 · Hingham Institute For Savings
May 19, 2014
—
Lipkin Realty LLC
—
Deed Of Trust
related
$4,500,000 · Hingham Institute For Savings
Sep 27, 2012
—
Charlton Place LLC
—
Deed Of Trust
related
$2,900,000 · Hingham Institute For Savings
Jan 24, 2008
$1
Charlton Place LLC
Neb Realty INC
Grant Deed
—
—
—
Everett Prop LLC
—
Deed Of Trust
related
$1,850,000,000 · Deutsche 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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