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Property profile & analytics
OFF-MARKET
Estimated value
$3,800,000
Manufacturing properties
339 Washington Ave, Revere, MA 02151-2895
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US38-0411714
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1950
Construction
STEEL FRAME
Total area
17,435 SF
Lot
0.31 ac (13,504 SF)
Zoning code
RB
APN
REVE M:26 B:424B1 L:3
UPID
US38-0411714
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
$3.80M
CAP Approach
CAP
$2.86M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.80M
Owner & transaction history
Bespoke Re I Revere LLC · 1 yrs held
Bespoke Re I Revere LLC
since 2024
Last sale
$3.8M
7 recorded transactions
Zoning & alternative use
RB · Revere, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$5.9M
+4.3%
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 Revere submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Revere 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
$3,800,000
ML approach
$3,800,000
CAP Approach
CAP Return
Estimation
6%
$3,090,000
6.5%
$2,855,000
7%
$2,650,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,650,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$5,890,000
Change: +4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,025,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$3.80M
Range $3.42M – $4.18M · ±10% · vs last sale $3.80M (Jul 23 2024)
Last sale anchor
$3.80M
Jul 23 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
$218 / 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
$20,748
Tax year 2024
Assessed value
$1,146,300
Assessed 2024
Previous assessed
$1,146,300
+0.0% YoY
Effective rate
1.81%
On assessed value
Assessed land
$368,000
Assessed improvement
$778,300
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1950
Construction
STEEL FRAME
Heating
SPACE
Buildings
1
Stories
1
Units
1
Bathrooms
6
Total area
17,435 SF
Lot
0.31 ac (13,504 SF)
Zoning code
RB
APN
REVE M:26 B:424B1 L:3
UPID
US38-0411714
Jurisdiction
REVERE
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
RB · Revere, MA
Zoning RB · permitted uses
RB · Revere, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Revere. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$5.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.9M
COMMERCIAL (GENERAL)
Est. value
$5.0M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
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
1950
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Buildings
1
Units
1
Bathrooms
6
Lot
0.31 ac
Current owner
From public records · entity-resolved
Bespoke Re I Revere LLC
Entity
Mailing address
339 WASHINGTON AVE, REVERE, MA 02151-2895
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 23, 2024
$3,800,000
Bespoke Re I Revere LLC
Washington Avenue LLC
Quit Claim Arm's Length For Ne States
$3,750,000 · Washington Avenue LLC
Feb 19, 2009
$819,600
Washington Avenue LLC
Revere Assets LLC
Grant Deed
—
Feb 19, 2009
—
Brian Connelly Ret
—
Grant Deed
related
$800,000 · Washington Avenue LLC
Mar 18, 2004
—
Revere Assets LLC
—
Deed Of Trust
related
$350,000 · Eagle Bank
Feb 4, 2004
—
Revere Assets LLC
—
Deed Of Trust
related
$150,000 · Eagle Bank
Feb 22, 2002
—
Revere Assets LLC
—
Deed Of Trust
related
$100,000 · William H Schaffer
Aug 2, 2001
—
Revere Assest LLC
—
Deed Of Trust
related
$332,250 · Zions First National 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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