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Property profile & analytics
OFF-MARKET
Estimated value
$2,330,000
Industrial properties
3 Garvey St, Everett, MA 02149-4403
Individually Owned
33-yr Hold
~
Est. High Equity
Property ID
US38-1184706
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1940
Construction
FRAME
Total area
25,208 SF
Lot
1.04 ac (45,163 SF)
Zoning code
CTED
APN
EVER M:K0 B:07 L:000057
UPID
US38-1184706
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
-
Richie's Classic Italian Slush Big Box & Wholesale Store
-
Eastern Index Marketing & Advertising Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.33M
Owner & transaction history
Vicar Nt · 33 yrs held
Vicar Nt
since 1992
7 recorded transactions
Zoning & alternative use
CTED · Everett, 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 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
INDUSTRIAL (GENERAL)
$3,870,000
Current use
Blend value · Realmo final
$2.33M
Range $2.10M – $2.56M · ±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
$92 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$42,857
Tax year 2020
Assessed value
$2,176,500
Assessed 2024
Previous assessed
$2,176,500
+0.0% YoY
Effective rate
1.97%
On assessed value
Assessed land
$1,362,800
Assessed improvement
$813,700
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1940
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Units
2
Bathrooms
4
Total area
25,208 SF
Lot
1.04 ac (45,163 SF)
Zoning code
CTED
APN
EVER M:K0 B:07 L:000057
UPID
US38-1184706
Jurisdiction
EVERETT
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
CTED · Everett, MA
Zoning CTED · permitted uses
CTED · 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
INDUSTRIAL (GENERAL) Current
Est. value
$3.9M
INDUSTRIAL (GENERAL) Current
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
1940
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
2
Bathrooms
4
Lot
1.04 ac
Current owner
From public records · entity-resolved
Vicar Nt
Individual
Mailing address
3 GARVEY ST, EVERETT, MA 02149-4403
Ownership since
1992
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2021
—
Vicar RT
—
Deed
related
$3,590,000 · Everett Cooperative Bank
Jan 26, 2018
—
Vicar RT
—
Deed
related
$800,000 · Everett Cooperative Bank
Apr 10, 2013
—
Vicar RT
—
Grant Deed
related
$400,000 · Everett Coop Bank
Apr 17, 2009
—
Vicar RT
—
Deed Of Trust
related
$250,000 · Everett Coop Bank
May 7, 2007
—
Vicar RT
—
Grant Deed
related
$100,000 · Everett Coop Bank
Feb 17, 2005
—
Vicar Realty Nt
—
Grant Deed
related
$100,000 · Zions First National Bank
Jun 11, 2001
—
Vicar Rlty Nt
—
Deed Of Trust
related
$1,250,000 · First International Bank
Nov 19, 1998
—
Vicar RT
—
Deed Of Trust
related
$650,000 · Horizon Bank & Trust Co
Jun 15, 1997
—
Vicar RT
—
Deed Of Trust
related
$450,000 · Braintree Svgs Bk
May 15, 1997
—
Vicar RT
—
Deed Of Trust
related
$450,000 · Braintree Svgs Bk
Mar 31, 1994
—
Vicar Rlty Nt
—
Deed Of Trust
related
$200,000 · Braintree Svgs Bk
Dec 31, 1992
$150,000
Vicar Nt
Bra-prop INC
Grant Deed
$120,000 · Braintree Svgs Bk
Apr 17, 1992
$23,500
Bra Prop INC
100 RT INC
Grant Deed
—
Aug 16, 1990
$610,000
100 RT INC
Suburban Bindery Est
Grant Deed
—
Jul 24, 1987
—
Suburban Bindery INC
—
Deed Of Trust
related
$600,000 · Malden Trust Co
Jul 23, 1987
—
Suburban Bindery INC
—
Deed Of Trust
related
$600,000 · Malden Trust Co
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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